Bradley Foster & Sargent Inc. CT lessened its stake in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 919,553 shares of the mining company’s stock after selling 134,698 shares during the period. Agnico Eagle Mines makes up approximately 2.9% of Bradley Foster & Sargent Inc. CT’s holdings, making the stock its 6th largest position. Bradley Foster & Sargent Inc. CT’s holdings in Agnico Eagle Mines were worth $186,651,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Agnico Eagle Mines by 42.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock valued at $11,088,000 after acquiring an additional 19,647 shares during the period. Gunderson Capital Management Inc. grew its stake in shares of Agnico Eagle Mines by 187.6% during 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. TB Alternative Assets Ltd. grew its stake in shares of Agnico Eagle Mines by 34.2% during the 4th quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock valued at $38,929,000 after purchasing an additional 58,490 shares during the period. J. Safra Sarasin Holding AG increased its position in shares of Agnico Eagle Mines by 36.1% during the 4th quarter. J. Safra Sarasin Holding AG now owns 46,141 shares of the mining company’s stock valued at $7,822,000 after purchasing an additional 12,244 shares during the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $2,198,000. 68.34% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
AEM has been the topic of several recent research reports. Zacks Research cut shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Scotia decreased their price target on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 3rd. Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and lifted their price target for the stock from $187.00 to $200.00 in a research note on Monday, July 6th. Bank of America reduced their price objective on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, UBS Group decreased their target price on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.
Trending Headlines about 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 Trading Up 0.5%
Agnico Eagle Mines stock opened at $145.28 on Friday. The firm has a 50 day moving average of $160.44 and a 200 day moving average of $190.45. The firm has a market capitalization of $73.74 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 2.21 and a beta of 0.60. Agnico Eagle Mines Limited has a 12-month low of $122.32 and a 12-month high of $255.24. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last released its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter last year, the business earned $1.53 EPS. The firm’s revenue was up 66.1% compared to the same quarter last year. As a group, research analysts predict that Agnico Eagle Mines Limited will post 11.83 earnings per share for the current year.
Agnico Eagle Mines Company 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.
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