NBT Bank N.A. acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,383 shares of the mining company’s stock, valued at approximately $1,536,000.
Several other large investors have also recently modified their holdings of the stock. Fortitude Family Office LLC boosted its holdings in Agnico Eagle Mines by 600.0% during the 3rd quarter. Fortitude Family Office LLC now owns 140 shares of the mining company’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Markowski Investments bought a new position in Agnico Eagle Mines during the 2nd quarter worth approximately $29,000. Sawyer & Company Inc purchased a new position in Agnico Eagle Mines in the 3rd quarter worth approximately $35,000. Dunhill Financial LLC purchased a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $31,000. Finally, Fiduciary Financial Advisors purchased a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on AEM. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and boosted their price objective for the company from $187.00 to $200.00 in a research report on Monday, July 6th. Royal Bank Of Canada raised their target price on shares of Agnico Eagle Mines from $210.00 to $225.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Scotiabank decreased their target price on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, Barclays upped their price target on shares of Agnico Eagle Mines from $188.00 to $218.00 and gave the company an “overweight” rating in a report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $224.33.
Read Our Latest Stock Report on AEM
Key Stories Impacting Agnico Eagle Mines
Here are the key news stories impacting Agnico Eagle Mines this week:
- Positive Sentiment: JPMorgan Chase raised its price target for Agnico Eagle, signaling continued confidence in the company’s outlook. Agnico Eagle Mines Stock Gets Price Target Increase from JPMorgan Chase & Co.
- Positive Sentiment: Elevated gold prices and reported record cash flow are drawing investor attention because miners generally benefit from widening margins when bullion prices rise. Agnico is also being highlighted as a relatively strong operator with quality assets. Agnico Eagle Mines Draws Focus as Record Cash Flow Meets Elevated Gold Prices
- Positive Sentiment: RBC Dominion Securities assigned a $225 price target and a “sector perform” rating, while the broader average brokerage recommendation remains favorable. These targets imply substantial upside from recent trading levels, although analyst optimism may be overstated. RBC Dominion Securities price target
- Neutral Sentiment: Wall Street’s Q3 2026 preview focuses on production, costs, revenue, and other operating metrics. The articles provide estimates rather than actual results, so the upcoming report could become an important catalyst. Agnico Q3 earnings preview
- Negative Sentiment: Freedom Broker downgraded AEM from “buy” to “hold” and reduced its price target to $212 from $255. The broker cited execution risks at Canadian Malartic and Odyssey, lower earnings and EBITDA projections, cost-inflation concerns, and Agnico’s premium valuation relative to peers. Why Did Agnico Eagle Mines Stock Drop?
- Negative Sentiment: Erste Group Bank made a small reduction to its FY2027 EPS forecast, lowering it to $12.30 from $12.35. Although modest, the revision reinforces concerns about future earnings growth. Agnico Eagle earnings estimate revision
Agnico Eagle Mines Stock Performance
Agnico Eagle Mines stock opened at $173.84 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $195.12 and a 200-day moving average of $180.99. The firm has a market cap of $88.13 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.61 and a beta of 0.64. Agnico Eagle Mines Limited has a 1-year low of $134.38 and a 1-year high of $255.24.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last posted its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.16. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm earned $1.94 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 35.0% on a year-over-year basis. Sell-side analysts expect that Agnico Eagle Mines Limited will post 11.45 EPS for the current year.
Agnico Eagle Mines Profile
Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.
Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.
Featured Stories
- Five stocks we like better than Agnico Eagle Mines
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
- MarketBeat Week in Review – 10/19 – 10/23
Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM).
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.
