RFG Advisory LLC grew its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 112.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 14,578 shares of the mining company’s stock after acquiring an additional 7,708 shares during the quarter. RFG Advisory LLC’s holdings in Agnico Eagle Mines were worth $2,261,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of AEM. BIP Wealth LLC bought a new position in shares of Agnico Eagle Mines during the second quarter worth $1,167,000. Annex Advisory Services LLC increased its position in shares of Agnico Eagle Mines by 70.5% in the 2nd quarter. Annex Advisory Services LLC now owns 29,007 shares of the mining company’s stock valued at $4,500,000 after buying an additional 11,995 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new stake in Agnico Eagle Mines during the 2nd quarter worth $6,923,000. PensionDanmark Pensionsforsikringsaktieselskab raised its stake in Agnico Eagle Mines by 12.0% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 103,312 shares of the mining company’s stock worth $16,046,000 after buying an additional 11,100 shares during the period. Finally, Harvest Portfolios Group Inc. lifted its holdings in Agnico Eagle Mines by 45.7% during the fourth quarter. Harvest Portfolios Group Inc. now owns 137,292 shares of the mining company’s stock worth $23,282,000 after acquiring an additional 43,051 shares in the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.
Agnico Eagle Mines Price Performance
AEM stock opened at $196.32 on Friday. The stock has a 50-day moving average price of $173.49 and a two-hundred day moving average price of $186.27. Agnico Eagle Mines Limited has a 1 year low of $134.38 and a 1 year high of $255.24. The stock has a market cap of $99.52 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.51 and a beta of 0.67. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01.
Key Headlines Impacting Agnico Eagle Mines
Here are the key news stories impacting Agnico Eagle Mines this week:
- Positive Sentiment: Strong fundamentals support longer-term upside. An analysis highlighted robust first-half 2026 results, upgraded revenue and adjusted-income estimates, and attractive forward valuation multiples despite risks to gold prices from potentially higher interest rates. Agnico Eagle Mines: Continued Upside Despite Risks To The Price Of Gold
- Positive Sentiment: Record cash generation and a strong balance sheet remain key catalysts. Commentary cited second-quarter free cash flow of approximately $1.34 billion, margins above $3,000 per ounce and a net cash position of about $3.27 billion. Finland asset consolidation and targeted investments could support 20%–30% long-term production growth. Agnico Eagle: The Best Gold Miner Just Went On Sale Again
- Positive Sentiment: Asset monetization and renewable-power development could improve capital allocation. AEM agreed to sell its Delta and Helm Bay projects to Vizsla Copper for C$32 million in shares while retaining royalties and potential milestone payments. Separately, a C$20 million Canada Infrastructure Bank loan is advancing an Inuit-led wind project intended to supply AEM’s Hope Bay operation, potentially reducing diesel dependence. Agnico Eagle to Sell Delta and Helm Bay Projects to Vizsla Copper
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Barclays decreased their target price on Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Scotia cut their price objective on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a report on Friday, July 3rd. 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. Zacks Research upgraded shares of Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Scotiabank cut their price target 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. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.
Check Out Our Latest Analysis on Agnico Eagle Mines
About Agnico Eagle Mines
Agnico Eagle Mines Limited is a Canadian-based gold mining company engaged in the exploration, development and production of gold and other mineral resources. The company’s primary product is gold, with silver and other byproducts also recovered from certain operations. Its activities include operating mines, advancing development projects and conducting exploration to expand and replace mineral reserves.
Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s major gold producers.
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