Bear of the Day: Agnico Eagle Mines (AEM)

The article is bearish on Agnico Eagle Mines after gold pulled back from record highs, pressuring miners’ earnings expectations. Analysts have been lowering 2026 estimates for AEM, including a cut to Q2 consensus EPS from $3.16 to $2.98 and a full-year 2026 estimate drop from $13.20 to $12.09 over the past 30 days. The stock had rallied to all-time highs alongside gold above $5,000/oz, but has since retreated over the past three months. Despite the weaker outlook, the company remains financially solid, trading at a forward P/E of 11.7 and offering a 1.3% dividend yield, with annual cash dividends paid since 1983. The article suggests AEM’s short-term ranking could improve if gold rebounds toward $5,000/oz.