Rathbones Group PLC Buys 4,005 Shares of Agnico Eagle Mines Limited $AEM

Rathbones Group PLC raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,910 shares of the mining company’s stock after purchasing an additional 4,005 shares during the period. Rathbones Group PLC’s holdings in Agnico Eagle Mines were worth $9,831,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. boosted its holdings in Agnico Eagle Mines by 13.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock valued at $192,951,000 after purchasing an additional 134,147 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Agnico Eagle Mines by 42.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock valued at $11,088,000 after purchasing an additional 19,647 shares during the period. TD Asset Management Inc boosted its holdings in Agnico Eagle Mines by 1.5% in the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock valued at $1,600,436,000 after purchasing an additional 143,645 shares during the period. Gunderson Capital Management Inc. boosted its holdings in Agnico Eagle Mines by 187.6% in the 4th quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock valued at $8,155,000 after purchasing an additional 31,378 shares during the period. Finally, AustralianSuper Pty Ltd bought a new stake in Agnico Eagle Mines in the 3rd quarter valued at $23,958,000. 68.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AEM shares. JPMorgan Chase & Co. increased their price target on shares of Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. TD Securities increased their price objective on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average target price of $236.08.

Agnico Eagle Mines Trading Down 0.2%

Shares of AEM stock opened at $177.85 on Friday. Agnico Eagle Mines Limited has a 52-week low of $113.88 and a 52-week high of $255.24. The stock has a market cap of $89.01 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 3.89 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15. The firm has a fifty day moving average of $198.90 and a 200-day moving average of $193.85.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the company posted $1.53 EPS. The business’s revenue was up 66.1% on a year-over-year basis. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current fiscal year.

Key Headlines Impacting Agnico Eagle Mines

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

• Positive Sentiment: Agnico Eagle is moving ahead with a large redevelopment of the Hope Bay mine, a C$2.4 billion project that could support long-term production growth and strengthen its Arctic gold portfolio. Agnico Eagle Mines (AEM) To Begin Redevelopment Of The Hope Bay Mine With $2.4 Billion Investment
• Positive Sentiment: The company also boosted its strategic stake in Wallbridge Mining through a C$22.4 million private placement, backing the Fenelon gold project in Quebec and signaling continued capital deployment into growth opportunities. AGNICO EAGLE ANNOUNCES INVESTMENT IN WALLBRIDGE MINING COMPANY LIMITED
• Neutral Sentiment: Coverage around Agnico Eagle’s earnings-call highlights emphasized “cash-rich growth,” reinforcing the company’s ability to fund expansion from a strong balance sheet and operating cash flow. Agnico Eagle Earnings Call Highlights Cash-Rich Growth
• Neutral Sentiment: Some articles note that AEM has attracted heavy investor attention and remains under close watch after a recent pullback, suggesting traders are debating whether the stock’s valuation already reflects much of the upside. Is It Time To Reassess Agnico Eagle Mines (AEM) After Its Recent Share Price Pullback?
• Negative Sentiment: Analyst commentary also highlighted rising unit costs and inflation pressure, which could squeeze margins and temper enthusiasm even as gold production outlook remains solid. Will Rising Unit Costs Dull Agnico Eagle Mines Earnings Shine?

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.