Cannell & Spears LLC Trims Stock Holdings in Agnico Eagle Mines Limited $AEM

Cannell & Spears LLC lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 23.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 389,145 shares of the mining company’s stock after selling 119,928 shares during the period. Agnico Eagle Mines accounts for approximately 1.6% of Cannell & Spears LLC’s portfolio, making the stock its 16th biggest holding. Cannell & Spears LLC’s holdings in Agnico Eagle Mines were worth $78,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Agnico Eagle Mines by 78.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 139,241 shares of the mining company’s stock valued at $28,253,000 after purchasing an additional 61,241 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Agnico Eagle Mines during the 1st quarter worth about $2,476,000. Hilltop Holdings Inc. boosted its stake in shares of Agnico Eagle Mines by 6.1% during the 1st quarter. Hilltop Holdings Inc. now owns 4,560 shares of the mining company’s stock worth $926,000 after purchasing an additional 263 shares during the last quarter. Compound Planning Inc. grew its holdings in shares of Agnico Eagle Mines by 1.8% during the first quarter. Compound Planning Inc. now owns 10,240 shares of the mining company’s stock worth $2,079,000 after buying an additional 185 shares in the last quarter. Finally, Liberty One Investment Management LLC purchased a new stake in shares of Agnico Eagle Mines during the first quarter worth about $224,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce set a $285.00 price target on Agnico Eagle Mines in a research note on Thursday, July 16th. TD raised their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Zacks Research downgraded Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Finally, Scotiabank dropped their target price on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $145.28 on Friday. The company has a market cap of $73.74 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.20 and a beta of 0.60. The firm’s 50 day moving average is $160.44 and its two-hundred day moving average is $190.45. Agnico Eagle Mines Limited has a fifty-two week low of $122.32 and a fifty-two week high of $255.24. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.53 EPS. Analysts expect that Agnico Eagle Mines Limited will post 11.83 EPS for the current year.

Key Headlines Impacting Agnico Eagle Mines

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)

Agnico Eagle Mines Profile

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.