Agnico Eagle Mines Ltd
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+ FollowMarket Cap$92.86B
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Earnings Call Q3 2026
October 29, 2026 - AI Summary
Strong Q3 execution + cash flow (mostly in-line, no “big surprises”)
- Q3 gold production: 814,000 oz, described as midpoint of adjusted guidance.
- Costs: cash costs $1,133/oz (~1% above top end of cost guidance); AISC $1,648/oz.
- Financials: Free cash flow $852M, adjusted net income ~$1.3B (~$2.62/share), adjusted EBITDA ~$2.5B.
- YTD: ~2.5M oz production; positioned to hit lower end of full-year production guidance.
- Management emphasizes resilience/consistency in a tough environment (oil at $100/bbl, diesel nearly double vs prior levels).
2026 outlook: on track but with cost/prod mix at the edges
- Company expects full-year 2026 production and cost guidance, but production at the lower end and costs at the upper end.
- Key cost driver: diesel inflation (diesel now ~11% of operating costs); Q3 diesel was > $30/oz above budget.
- Additional downside sensitivity disclosed: tariffs impact ~$5/oz on Q4 costs; if no trade deal, tariff impact could increase (implying further cost pressure/risk in 2027).
Capital allocation + shareholder returns (dividends + buybacks funded by strong FCF)
- Net cash position: ~$3.4B at Sept 30, giving flexibility to fund a record growth pipeline.
- Q3 shareholder returns: ~$478M (~56% of free cash flow via dividends + share repurchases).
- Full-year policy: now expects to return >50% of free cash flow in 2026 (dividend stability stressed; 43 consecutive years of dividends).
- Target context: management said ~50% FCF is a reasonable threshold for 2027, but final level depends on gold price and board decisions.
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Share Statistics
| Market cap | $92.86 Billion |
|---|---|
| Enterprise Value | $89.72 Billion |
| Annual dividend | $1.75 |
| Dividend yield | 1.06% |
| Earnings per Share | $8.89 |
| Beta | 0.64 |
| Outstanding Shares | 506,119,000 |
Return
| Return on Equity | 21.50% |
|---|---|
| Return on Assets | 16.27% |
| Return on Invested Capital | 25.35% |
Valuation & Multiples
| P/E Ratio | 13.59 |
|---|---|
| PEG | 44.04 |
| Price to Sales | 6.33 |
| Price to Book Ratio | 3.28 |
| Enterprise Value to Revenue | 5.99 |
| Enterprise Value to EBIT | 9.88 |
| Enterprise Value to Net Income | 14 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0.01 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$2.85
Consensus analyst estimateRevenue Estimate
$3.70 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 11, 2027
EPS Estimate
$2.55
Consensus analyst estimateRevenue Estimate
$3.49 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 97.29% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | 35,500▼ 99.15% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 2.81%▼ 60.24% |
|---|---|
| Total Invested | $2.65B▼ 94.67% |
| Investors Holding | 350▼ 787.00% |
About Agnico Eagle Mines Ltd
8,400 employees
CEO: Sean Boyd
Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico and exploration and development activities extending to the United States. Agnico Eagle has full exposure to higher gold prices co...