Freedom Broker downgraded Agnico Eagle Mines (AEM) from Buy to Hold, citing valuation limits and operational risks at Canadian Malartic and Odyssey, while recent earnings estimate cuts have drawn attention. Shares fell 6.1% over the past week and 13.5% over the past month, after a 21.4% gain over 90 days. The article suggests momentum may be fading as estimates reset and sector risk is reassessed. It notes the stock last closed at $176.15, against a $211.37 analyst reference level, while a popular user narrative sets fair value at $123,914.00, a far higher figure that relies on unconfirmed engineering forecasts.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Investors Heavily Search Agnico Eagle Mines Limited (AEM): Here is What You Need to Know
Agnico Eagle Mines (AEM) shares fell 4.2% over the past month, while the Zacks S&P 500 composite was flat and the Zacks Mining - Gold industry lost 10%. Current-quarter EPS is expected at $2.45 (+13.4% year over year), though the Zacks Consensus Estimate has dropped 7.9% in the last 30 days; the current fiscal-year estimate is $11.47 (+38.5%) and the next year's is $11.12 (-3.1%). Zacks has rated AEM #4 (Sell) based on earnings estimate revisions. In the last reported quarter, revenue reached $3.8 billion (+35%) and EPS was $3.05 versus $1.94 a year ago; the company beat EPS estimates in each of the last four quarters, but revenue came in 1.56% below consensus. On valuation, AEM receives a D on the Zacks Value Style Score, indicating it trades at a premium to its peers.
- Agnico Eagle (AEM) Stock Looks Undervalued Despite Fresh Macassa Area Gold News
Agnico Eagle Mines shares have gained about 290.9% over the past three years, though recent pullbacks have raised questions about whether earnings support the valuation. The stock trades at about 15.2x earnings, below the Metals and Mining industry average of roughly 18.1x and a peer average of about 17.2x. The author views this P/E gap as a sign that investors are not paying as high a price per dollar of profit as for comparable miners, and that the fair multiple implied by the valuation work is higher than the current level. New exploration results near the Macassa Mine point to additional high-grade gold potential, but the article says the P/E discount has not fully closed.
- RBC flags downside risks for gold shares ahead of quarterly results
Average gold prices fell 6% quarter on quarter to US$4,266 an ounce in the three months to September, from US$4,513 in the second quarter, marking a second straight quarterly decline. RBC expects modest production gains and slightly lower all-in sustaining costs for the producers it covers, though inflation may limit the benefit. The main concern is 2027, when RBC expects all-in sustaining costs to rise 4% and capital expenditure 16%, above consensus forecasts of flat costs and an 8% capex increase, due to higher energy and labour costs. Gold producers remain financially strong, with near-record free cash flow, and trade at 1.1 times price to net asset value with estimated free cash flow yields of 6% to 7% for 2026 and 2027. RBC warns that weaker gold prices, elevated earnings expectations and execution risks could weigh on shares during the reporting season.
- Agnico, Barrick, and Newmont fall following broad Freedom Broker downgrades
Gold miners fell sharply on Thursday after Freedom Broker issued a broad set of downgrades across major North American producers, citing trimmed near-term EBITDA forecasts, operational risks and valuation constraints. Shares of Agnico Eagle Mines (NYSE:AEM) fell 5.2%, Barrick Mining (NYSE:B) fell 5.1% and Newmont (NYSE:NEM) fell 4.1% in morning trading. Agnico was cut from Buy to Hold with its price target lowered from $255.00 to $212.00; the broker said operational quality remains intact but its valuation premium limits returns, and it cut its 2027 EBITDA projection by 6% to $11.0 billion amid pit disruptions at Canadian Malartic and execution risks at Odyssey. Barrick was also moved to Hold, with its target cut from $54.00 to $46.00; despite trading at a discount to peers at about 10.0x 2027E earnings, its volatility-adjusted return profile fell short of the Buy threshold. Newmont completed the downgrades to Hold with its target reduced from $130.00 to $116.00, as cost inflation in Australia and performance risks at Lihir and Cadia weigh on its outlook.
- Coeur Mining (CDE) Stock Looks Undervalued Despite Recent Market Pressure
Coeur Mining has posted a very large gain over three years, but its share price has pulled back sharply in recent months while gold and silver prices have been relatively steady. The article attributes the pressure to rising treasury yields and a planned merger that may reshape production and cost profiles. It states the shares, around US$15.33, trade on a P/E of 18.5x, close to the metals and mining industry average of 18.6x and the peer group's 19.9x, and that the Fair Ratio points to the current multiple as undervalued. The piece also outlines scenarios for the company's growth, margins and earnings that readers can compare with the current price.
- Snowline Gold (TSX:SGD) Draws Attention On Yukon Progress, Is The Stock Too Expensive?
Snowline Gold (TSX:SGD) shares have been volatile following exploration updates at its Yukon projects, rising 6.76% over one day and falling 5.66% over 30 days, though up 14.24% over 90 days and with a three-year total shareholder return above 7x. At CA$14.84, the stock trades on a P/B of 28.3x, well above the Canadian Metals and Mining industry average of 2.4x and the peer group average of 5.4x, even though the company has no revenue and a net loss of CA$70.99m. Analysts' consensus price target is CA$25.00, and the article notes an experienced management team, but suggests the valuation may already reflect much of the Yukon discovery story at a market value of about CA$2.62b.
Related markets
Latest news
- SpaceX may not follow Meta's bold plan to raise money for AI
JPMorgan analyst Doug Anmuth said SpaceX (SPCX) told him it is not considering raising equity, pointing instead to several available pools of debt capital. Management guided to $35 billion to $40 billion in fourth-quarter capex, up from $19.6 billion in the third quarter, and the company ended the quarter with $36.1 billion in debt. SpaceX is reportedly eyeing a $40 billion capital raise with Goldman Sachs and Apollo. Moffettnathson analyst Julie Zhu said the earnings call underscored large capital needs in the coming years, particularly in AI, following a series of deals and projects including the Cursor acquisition and a new Starbase in Louisiana.
- Stocktwits Wall Street Wrap: Analysts Turn Bullish On SpaceX, Tesla, But Netflix And Chipotle Face Fresh Downgrades Amid Growth Concerns
Analysts turned more positive on SpaceX (SPCX) and Tesla (TSLA) as revenue outlooks and merger speculation fueled optimism, and the two companies set up independent board committees to explore closer ties, including a possible merger. Phillip Securities upgraded SpaceX to 'Buy' with a $250 price target, and Bank of America raised its target to $275; SpaceX now projects $33 billion to $37 billion in Q1 2027 revenue, above the roughly $22 billion analysts had expected. BNP Paribas and CLSA both upgraded Tesla, with price targets of $420 and $400. Goldman Sachs upgraded CoreWeave (CRWV) to 'Buy' but cut its target to $106 from $139, even as the stock fell 38.4% since Aug. 11. Wolfe Research and Needham downgraded Netflix (NFLX), citing higher spending that has not kept viewers engaged and slowing revenue growth.
- Stock market today: Dow, S&P 500, Nasdaq wobble after sharp tech sell-off
US stock futures wobbled on Friday as worries over the AI trade lingered after a steep tech sell-off sparked a flight to bonds. Dow futures fell 0.2% and S&P 500 futures dropped 0.2%, while Nasdaq 100 futures were little changed after semiconductors and Big Tech sold off Thursday. Concerns over rising financing costs and a possible slowdown in capex weighed on neocloud stocks such as CoreWeave (CRWV), with Nvidia (NVDA) and AMD also retreating. Oil stayed near a five-month high, with Brent touching $113 per barrel and WTI near $100 per barrel. Yahoo Finance reported that Tesla's (TSLA) surprise $5 billion cut to capex plans has not shaken confidence in a large Cybercab network, with Morgan Stanley analyst Andrew Percoco's modeling assuming a fleet of 5 million by end-2040.
- Russia and Ukraine trade fresh strikes despite renewed push for U.S.-brokered peace talks
Russia launched a major attack on Ukraine's energy facilities, knocking out electricity for over 500,000 people in several regions, and Ukraine's Energy Ministry said restoration work had begun where security allowed. Russia's Defense Ministry said air defense forces intercepted and destroyed 443 Ukrainian drones overnight. The strikes came after U.S. special envoy Steve Witkoff met Vladimir Putin on Wednesday, and Putin said Moscow was ready to resume U.S.-mediated talks with Kyiv in November. An energy ceasefire announced by President Donald Trump on Oct. 11 has yielded no meaningful result, and Zelenskyy said Ukraine was ready for a ceasefire but needed strong security guarantees.
- Warren Buffett's Successor, Greg Abel, Has 32% of Berkshire Hathaway's $364 Billion Portfolio Invested in 3 Unstoppable AI Stocks
Greg Abel took over Berkshire Hathaway after Warren Buffett retired as CEO on Dec. 31, and has reshaped the $364 billion portfolio, dumping 16 stocks in the first quarter. Three AI-focused stocks, Apple, Alphabet, and Bending Spoons, now account for roughly 32% ($115.7 billion) of the portfolio. Apple is the largest position at $78.28 billion, or 21.5% of invested assets, while Alphabet is valued at $36 billion (9.9%) after Abel more than tripled the stake in the first quarter and bought around $17 billion more in the second quarter. Berkshire also agreed to buy 10 million Bending Spoons shares at $33 per share in a private placement, on top of a position worth $1.44 billion (0.4%).
- Stock-Split Watch: Is ASML Next?
ASML shares have gained 189% over the past three years, trailing the 247% rise in the PHLX Semiconductor Sector index, and now trade above $1,600 per share. The article argues that management could carry out a forward stock split to make the shares more attractive to retail investors, though this would not change the company's fundamentals, and many brokerages now offer fractional share purchases. In the third quarter, ASML reported revenue of 11.66 billion euros, up 55% year over year, after selling 113 lithography systems versus 66 a year earlier, with EUV machines used for AI chips driving the gains. The company expects 14.7 billion euros in revenue this quarter, a 51% increase, and plans to raise advanced chipmaking equipment capacity by 30% in 2027. Customers are reportedly interested in orders for 2029 and 2030, and ASML trades at 27 times forward earnings, below its five-year average of 33.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.