Equity Profile

AEM

Agnico Eagle Mines Limited

MaterialsGold$81.8B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Agnico Eagle Mines Limited (AEM) is a leading gold mining company with operations primarily in Canada and Finland. As a major player in the materials sector, AEM is influenced by gold prices and mining production levels, making it a key focus for investors interested in precious metals.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors closely monitor.

$3.41

Gold Production

Gold production levels directly impact revenue and profitability, and any changes can signal operational efficiency.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AEM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+12.07%

Avg Stock Reaction

-0.11%

Last Quarter Recap

In Q1-2026, Agnico Eagle reported an EPS of $3.41, exceeding expectations by 6.90%. The stock reacted positively, gaining 2.53% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are high for AEM, especially given its recent strong earnings performance. Investors are looking for continued growth in EPS and production.

Bull Case

If AEM continues to beat EPS estimates and shows strong gold production, it could lead to increased investor confidence and a higher stock price.

Bear Case

Conversely, if production costs rise significantly or gold prices decline, it could negatively impact profitability and lead to a disappointing earnings report.

Key Metrics to Watch

Earnings Per Share (EPS)

$3.41

EPS is a crucial indicator of the company's profitability and financial health, which investors closely monitor.

Gold Production

Not available

Gold production levels directly impact revenue and profitability, and any changes can signal operational efficiency.

Cost Per Ounce

Not available

Understanding the cost to produce gold is essential for assessing profit margins and overall financial performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported gold production for Q2-2026?

Gold production levels are critical for assessing revenue potential and can significantly influence stock performance.

What is the cost per ounce for gold production this quarter?

Understanding production costs will help investors gauge profit margins and overall financial health.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of rising gold prices on AEM's profitability this quarter, given recent trends in the gold market.

Supporting Evidence

Agnico Eagle has a history of beating EPS estimates, with an 88% success rate over the last eight quarters.

Gold prices have been trending upwards, which could enhance revenue more than analysts anticipate.

Options pricing suggests a larger expected move than historical averages, indicating potential for a surprise.

Key Risk

If gold prices exceed $2,000 per ounce, it could significantly boost AEM's earnings potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is under scrutiny as investors weigh production efficiency against rising costs in the gold mining sector.

Bull Confirmed If

A gold production increase of 5% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A significant rise in cost per ounce beyond $1,200 would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±4.04%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±4.0% while AEM has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

46.1%

Calls (297K)P/C Ratio: 0.09Puts (133K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

71.93%

of float

Insider

0.07%

of float

Holders

1,598

institutions

Top Holders· as of Dec 2025

Capital World Investors
21,338,277 sh · $4.3B
4.26%
2.8%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AEM beats expectations, history suggests the stock could rise around 2.02% on the first trading day post-earnings, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see muted movement as investors reassess future growth.

Miss

Should AEM miss earnings expectations, history indicates a potential decline of about 1.27%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on gold production levels and any changes to operational efficiency.
2Insights into cost management and how it affects profit margins.
3Any commentary on the outlook for gold prices and market conditions.
4Management's perspective on future growth opportunities and challenges.
5Details on any new projects or expansions that could impact future earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors closely monitor.

$3.41

Gold Production

Gold production levels directly impact revenue and profitability, and any changes can signal operational efficiency.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AEM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+12.07%

Avg Stock Reaction

-0.11%

Last Quarter Recap

In Q1-2026, Agnico Eagle reported an EPS of $3.41, exceeding expectations by 6.90%. The stock reacted positively, gaining 2.53% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are high for AEM, especially given its recent strong earnings performance. Investors are looking for continued growth in EPS and production.

Bull Case

If AEM continues to beat EPS estimates and shows strong gold production, it could lead to increased investor confidence and a higher stock price.

Bear Case

Conversely, if production costs rise significantly or gold prices decline, it could negatively impact profitability and lead to a disappointing earnings report.

Key Metrics to Watch

Earnings Per Share (EPS)

$3.41

EPS is a crucial indicator of the company's profitability and financial health, which investors closely monitor.

Gold Production

Not available

Gold production levels directly impact revenue and profitability, and any changes can signal operational efficiency.

Cost Per Ounce

Not available

Understanding the cost to produce gold is essential for assessing profit margins and overall financial performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported gold production for Q2-2026?

Gold production levels are critical for assessing revenue potential and can significantly influence stock performance.

What is the cost per ounce for gold production this quarter?

Understanding production costs will help investors gauge profit margins and overall financial health.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of rising gold prices on AEM's profitability this quarter, given recent trends in the gold market.

Supporting Evidence

Agnico Eagle has a history of beating EPS estimates, with an 88% success rate over the last eight quarters.

Gold prices have been trending upwards, which could enhance revenue more than analysts anticipate.

Options pricing suggests a larger expected move than historical averages, indicating potential for a surprise.

Key Risk

If gold prices exceed $2,000 per ounce, it could significantly boost AEM's earnings potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is under scrutiny as investors weigh production efficiency against rising costs in the gold mining sector.

Bull Confirmed If

A gold production increase of 5% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A significant rise in cost per ounce beyond $1,200 would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±4.04%

Historical Avg

±2.0%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±4.0% while AEM has averaged ±2.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

46.1%

Calls (297K)P/C Ratio: 0.09Puts (133K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

71.93%

of float

Insider

0.07%

of float

Holders

1,598

institutions

Top Holders· as of Dec 2025

Capital World Investors
21,338,277 sh · $4.3B
4.26%
2.8%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AEM beats expectations, history suggests the stock could rise around 2.02% on the first trading day post-earnings, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see muted movement as investors reassess future growth.

Miss

Should AEM miss earnings expectations, history indicates a potential decline of about 1.27%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on gold production levels and any changes to operational efficiency.
2Insights into cost management and how it affects profit margins.
3Any commentary on the outlook for gold prices and market conditions.
4Management's perspective on future growth opportunities and challenges.
5Details on any new projects or expansions that could impact future earnings.