Agnico Eagle Mines (NYSE:AEM) Shares Gap Down – Here’s What Happened

Posted by Stanley Muller on Jul 2nd, 2026

Agnico Eagle Mines Limited (NYSE:AEM – Get Free Report) (TSE:AEM)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $154.85, but opened at $149.88. Agnico Eagle Mines shares last traded at $151.5890, with a volume of 1,253,857 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AEM. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce increased their target price on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. UBS Group lowered 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. Barclays started coverage on shares of Agnico Eagle Mines in a research report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $232.75.

Read Our Latest Research Report on AEM

Agnico Eagle Mines Stock Down 0.2%

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 stock has a 50 day moving average price of $176.53 and a 200 day moving average price of $193.92. The company has a market cap of $78.47 billion, a P/E ratio of 14.52, a P/E/G ratio of 3.40 and a beta of 0.56.

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The company’s revenue was up 66.1% on a year-over-year basis. Research analysts expect that Agnico Eagle Mines Limited will post 13.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agnico Eagle Mines

Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Agnico Eagle Mines by 42.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after acquiring an additional 19,647 shares in the last quarter. Gunderson Capital Management Inc. raised its position in shares of Agnico Eagle Mines by 187.6% during the fourth quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock worth $8,155,000 after purchasing an additional 31,378 shares during the period. TB Alternative Assets Ltd. raised its position in shares of Agnico Eagle Mines by 34.2% during the fourth quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock worth $38,929,000 after purchasing an additional 58,490 shares during the period. Cannell & Spears LLC lifted its holdings in shares of Agnico Eagle Mines by 15.0% during the third quarter. Cannell & Spears LLC now owns 559,751 shares of the mining company’s stock valued at $94,352,000 after purchasing an additional 72,932 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Agnico Eagle Mines by 1.3% during the third quarter. Bank of America Corp DE now owns 5,635,979 shares of the mining company’s stock valued at $950,001,000 after purchasing an additional 73,422 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

About Agnico Eagle Mines

(Get Free Report)

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.