Cumberland Partners Ltd bought a new position in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) during the first quarter, Holdings Channel reports. The firm bought 5,450 shares of the mining company’s stock, valued at approximately $1,103,000.
Other large investors have also added to or reduced their stakes in the company. Brookwood Investment Group LLC increased its holdings in Agnico Eagle Mines by 4.5% during the 4th quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock worth $231,000 after purchasing an additional 58 shares in the last quarter. Baron Wealth Management LLC lifted its holdings in shares of Agnico Eagle Mines by 3.2% in the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock valued at $319,000 after purchasing an additional 59 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Agnico Eagle Mines by 1.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock valued at $893,000 after purchasing an additional 59 shares in the last quarter. Baker Ellis Asset Management LLC boosted its position in shares of Agnico Eagle Mines by 0.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock valued at $1,280,000 after buying an additional 63 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Agnico Eagle Mines by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,284 shares of the mining company’s stock valued at $2,422,000 after buying an additional 63 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.
Agnico Eagle Mines Stock Performance
Shares of AEM opened at $145.28 on Friday. The firm has a market cap of $73.74 billion, a PE ratio of 13.65, a PEG ratio of 2.20 and a beta of 0.60. The stock’s fifty day moving average price is $160.44 and its two-hundred day moving average price is $190.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. Agnico Eagle Mines Limited has a 1 year low of $122.32 and a 1 year high of $255.24.
Analysts Set New Price Targets
A number of research firms recently commented on AEM. Bank of America lowered their price target on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. reduced their target price on shares of Agnico Eagle Mines from $222.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday. Canadian Imperial Bank of Commerce set a $285.00 target price on shares of Agnico Eagle Mines in a report on Thursday, July 16th. Finally, Scotia dropped their price target on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 3rd. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average target price of $230.00.
Read Our Latest Stock Analysis on AEM
Key Agnico Eagle Mines News
Here are the key news stories impacting Agnico Eagle Mines this week:
- Positive Sentiment: Agnico Eagle announced a C$60 million investment in Cadillac Mines, taking an 11% position in the company. Investors may view this as a strategic move to expand exposure to the Abitibi gold district and to support future growth opportunities. Agnico Eagle Announces Investment in Cadillac Mines Corporation
- Positive Sentiment: The Cadillac Mines IPO was upsized, suggesting strong demand around the deal and potentially validating Agnico Eagle’s decision to buy in early. That could be seen as a constructive capital allocation move if the project advances successfully. Cadillac Mines Upsizes IPO to $385 Million as Agnico Eagle Takes 11% Position
- Neutral Sentiment: Several articles focused on upcoming Q2 results and Wall Street metric previews, which keeps attention on Agnico Eagle’s operating performance, costs, and cash flow, but these pieces did not provide a fresh earnings result.
- Negative Sentiment: Analysts have cut earnings estimates for 2026 as gold prices retreat, raising concerns that softer bullion prices could pressure Agnico Eagle’s growth assumptions and margins. Do Agnico Eagle Mines’ Earnings Cuts Reveal Fragility In Its Gold Price Assumptions?
- Negative Sentiment: Technical and sentiment-focused coverage from Zacks labeled AEM a “Bear of the Day” and said the stock is facing a weaker outlook, which may add to near-term caution among traders. Bear of the Day: Agnico Eagle Mines (AEM)
About Agnico Eagle Mines
Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.
Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.
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