38,731 Agnico Eagle Mines Limited $AEM Shares Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. lifted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,742 shares of the mining company’s stock after purchasing an additional 38,731 shares during the quarter. Agnico Eagle Mines accounts for 1.4% of Cidel Asset Management Inc.’s portfolio, making the stock its 20th largest position. Cidel Asset Management Inc.’s holdings in Agnico Eagle Mines were worth $29,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEM. Deutsche Bank AG bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $1,362,158,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth $927,602,000. Bank of America Corp DE bought a new position in Agnico Eagle Mines during the second quarter worth about $844,096,000. The Manufacturers Life Insurance Company lifted its holdings in Agnico Eagle Mines by 9.0% during the first quarter. The Manufacturers Life Insurance Company now owns 4,091,837 shares of the mining company’s stock worth $829,916,000 after acquiring an additional 338,486 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in Agnico Eagle Mines by 3.7% during the third quarter. TD Waterhouse Canada Inc. now owns 3,655,707 shares of the mining company’s stock worth $659,679,000 after acquiring an additional 131,514 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Key Agnico Eagle Mines News

Here are the key news stories impacting Agnico Eagle Mines this week:

• Positive Sentiment: Q3 results exceeded expectations: Agnico Eagle reported adjusted earnings of approximately $2.61–$2.62 per share, above the $2.47 consensus estimate, while revenue reached about $3.54 billion, also topping forecasts. Earnings rose from $2.10 per share a year earlier, and revenue increased 17.1% year over year. Agnico Eagle Mines Q3 earnings report
• Positive Sentiment: Production growth supports the long-term outlook: Management said it is targeting as much as 30% production growth over the next decade through projects and mine expansions. The plan could support future revenue and cash flow, while the company continues emphasizing shareholder returns. AEM Q3 earnings call highlights growth plans and cost pressures
• Neutral Sentiment: JPMorgan raised its price target: JPMorgan increased its target for AEM from $190 to $193, implying substantial potential appreciation from the referenced share price. However, it maintained a “neutral” rating, limiting the immediate bullish signal.
• Negative Sentiment: Cost pressures are weighing on sentiment: Agnico Eagle warned that elevated diesel prices are likely to increase 2027 costs, while tariffs and other inflationary pressures are also affecting margins. Although gold prices were reported to be up 22.7% year over year, investors appear focused on whether higher costs will offset the benefit of strong bullion prices. Agnico Eagle sees elevated diesel prices driving up 2027 costs

Agnico Eagle Mines Stock Down 6.1%

Shares of AEM stock opened at $165.14 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 1 year low of $134.38 and a 1 year high of $255.24. The firm’s fifty day moving average price is $192.73 and its two-hundred day moving average price is $189.47. The firm has a market capitalization of $83.72 billion, a P/E ratio of 13.47, a PEG ratio of 2.44 and a beta of 0.64.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, October 28th. The mining company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.15. Agnico Eagle Mines had a net margin of 41.01% and a return on equity of 21.68%. The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the prior year, the business posted $2.10 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities analysts predict that Agnico Eagle Mines Limited will post 11.40 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AEM shares. JPMorgan Chase & Co. boosted their target price on Agnico Eagle Mines from $190.00 to $193.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group lifted their price objective on Agnico Eagle Mines from $170.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Royal Bank Of Canada lifted their price objective on Agnico Eagle Mines from $210.00 to $225.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Zacks Research upgraded Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and increased their target price for the stock from $187.00 to $200.00 in a research note on Monday, July 6th. Twelve investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.20.

About Agnico Eagle Mines

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.