Agnico Eagle Mines (NYSE:AEM) Cut to “Hold” at Freedom Broker

Freedom Broker downgraded shares of Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) from a buy rating to a hold rating in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have $212.00 price target on the mining company’s stock, down from their previous price target of $255.00.

A number of other equities analysts have also weighed in on the stock. Bank of America dropped their target price on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Zacks Research upgraded Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Scotiabank decreased their price objective on shares of 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. Citigroup lowered their target price on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Finally, Weiss Ratings raised Agnico Eagle Mines from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 14th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.33.

Agnico Eagle Mines Trading Down 1.3%

NYSE AEM opened at $173.84 on Thursday. The stock has a market capitalization of $88.13 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.58 and a beta of 0.64. Agnico Eagle Mines has a one year low of $134.38 and a one year high of $255.24. The business has a 50 day simple moving average of $195.12 and a 200 day simple moving average of $180.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.16. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. Research analysts expect that Agnico Eagle Mines will post 11.43 earnings per share for the current year.

Hedge Funds Weigh In On Agnico Eagle Mines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG purchased a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $1,362,158,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Agnico Eagle Mines during the 2nd quarter valued at about $927,602,000. Bank of America Corp DE purchased a new position in shares of Agnico Eagle Mines in the second quarter worth $844,096,000. The Manufacturers Life Insurance Company bought a new position in Agnico Eagle Mines during the second quarter valued at approximately $608,054,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Agnico Eagle Mines during the 2nd quarter valued at about $533,750,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

More Agnico Eagle Mines News

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

• Positive Sentiment: JPMorgan Chase raised its price target for Agnico Eagle, signaling continued confidence in the company’s outlook. Agnico Eagle Mines Stock Gets Price Target Increase from JPMorgan Chase & Co.
• Positive Sentiment: Elevated gold prices and reported record cash flow are drawing investor attention because miners generally benefit from widening margins when bullion prices rise. Agnico is also being highlighted as a relatively strong operator with quality assets. Agnico Eagle Mines Draws Focus as Record Cash Flow Meets Elevated Gold Prices
• Positive Sentiment: RBC Dominion Securities assigned a $225 price target and a “sector perform” rating, while the broader average brokerage recommendation remains favorable. These targets imply substantial upside from recent trading levels, although analyst optimism may be overstated. RBC Dominion Securities price target
• Neutral Sentiment: Wall Street’s Q3 2026 preview focuses on production, costs, revenue, and other operating metrics. The articles provide estimates rather than actual results, so the upcoming report could become an important catalyst. Agnico Q3 earnings preview
• Negative Sentiment: Freedom Broker downgraded AEM from “buy” to “hold” and reduced its price target to $212 from $255. The broker cited execution risks at Canadian Malartic and Odyssey, lower earnings and EBITDA projections, cost-inflation concerns, and Agnico’s premium valuation relative to peers. Why Did Agnico Eagle Mines Stock Drop?
• Negative Sentiment: Erste Group Bank made a small reduction to its FY2027 EPS forecast, lowering it to $12.30 from $12.35. Although modest, the revision reinforces concerns about future earnings growth. Agnico Eagle earnings estimate revision

Agnico Eagle Mines Company Profile

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.