Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 78.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,241 shares of the mining company’s stock after purchasing an additional 61,241 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Agnico Eagle Mines were worth $28,253,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in Agnico Eagle Mines during the 1st quarter worth approximately $2,476,000. Hilltop Holdings Inc. boosted its position in Agnico Eagle Mines by 6.1% in the 1st quarter. Hilltop Holdings Inc. now owns 4,560 shares of the mining company’s stock valued at $926,000 after buying an additional 263 shares during the period. Compound Planning Inc. grew its stake in shares of Agnico Eagle Mines by 1.8% in the first quarter. Compound Planning Inc. now owns 10,240 shares of the mining company’s stock worth $2,079,000 after acquiring an additional 185 shares in the last quarter. Liberty One Investment Management LLC acquired a new position in shares of Agnico Eagle Mines in the first quarter worth $224,000. Finally, Bank of Nova Scotia grew its stake in shares of Agnico Eagle Mines by 36.0% in the first quarter. Bank of Nova Scotia now owns 1,475,764 shares of the mining company’s stock worth $299,480,000 after acquiring an additional 390,875 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.
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 Stock Up 0.1%
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. The company 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%.Agnico Eagle Mines’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 EPS. On average, sell-side analysts expect that Agnico Eagle Mines Limited will post 11.83 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on AEM shares. Scotia reduced their price target on 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. Scotiabank lowered their price objective on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. UBS Group cut their target price on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Royal Bank Of Canada reduced their target price on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Finally, Bank of America decreased their price target on shares of 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. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $230.00.
Read Our Latest Research Report on Agnico Eagle Mines
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.
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