Vise Technologies Inc. purchased a new stake in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) in the 3rd quarter, HoldingsChannel reports. The fund purchased 21,100 shares of the mining company’s stock, valued at approximately $3,867,000.
Other institutional investors have also recently made changes to their positions in the company. Cidel Asset Management Inc. increased its position in Agnico Eagle Mines by 31.5% in the 3rd quarter. Cidel Asset Management Inc. now owns 161,742 shares of the mining company’s stock valued at $29,688,000 after buying an additional 38,731 shares in the last quarter. MGO One Seven LLC boosted its holdings in Agnico Eagle Mines by 6.5% in the third quarter. MGO One Seven LLC now owns 5,347 shares of the mining company’s stock worth $980,000 after acquiring an additional 328 shares in the last quarter. Aprio Wealth Management LLC acquired a new stake in Agnico Eagle Mines in the third quarter valued at approximately $235,000. State of Wyoming grew its stake in Agnico Eagle Mines by 47.2% in the third quarter. State of Wyoming now owns 2,011 shares of the mining company’s stock valued at $369,000 after acquiring an additional 645 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Agnico Eagle Mines in the third quarter valued at approximately $3,752,000. Institutional investors and hedge funds own 68.34% of the company’s stock.
Agnico Eagle Mines Stock Down 1.9%
Shares of NYSE:AEM opened at $167.16 on Wednesday. The stock has a market cap of $84.74 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.53 and a beta of 0.69. The company has a quick ratio of 1.90, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12-month low of $134.38 and a 12-month high of $255.24. The business’s 50 day moving average is $190.78 and its 200 day moving average is $189.18.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings results on Wednesday, October 28th. The mining company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.15. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.51 billion. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. Agnico Eagle Mines’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.10 earnings per share. On average, sell-side analysts forecast that Agnico Eagle Mines Limited will post 11.42 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on Agnico Eagle Mines from $218.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday. Bank of America reduced 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 report on Thursday, July 9th. Zacks Research upgraded shares of Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Scotiabank lowered their price objective on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Finally, UBS Group upped their price objective on shares of Agnico Eagle Mines from $170.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $227.00.
Get Our Latest Stock Analysis on AEM
Trending Headlines about Agnico Eagle Mines
Here are the key news stories impacting Agnico Eagle Mines this week:
- Positive Sentiment: Q3 2026 earnings exceeded expectations, with higher gold prices supporting revenue growth despite lower production and rising costs. AEM Q3 Earnings Beat Estimates on Higher Gold Prices
- Positive Sentiment: The company maintained its 2026 outlook following the strong quarter, providing reassurance that its annual expectations remain intact. Agnico Eagle Mines stock holds 2026 outlook after strong Q3
- Positive Sentiment: Freedom Broker upgraded AEM from “hold” to “buy” and set a $212 price target, signaling increased optimism about the shares. Freedom Broker Upgrades Agnico-Eagle Mines Ltd. to Buy
- Neutral Sentiment: Barclays trimmed its price target to $215 from $218 but retained an “overweight” rating, suggesting continued confidence while modestly lowering its valuation view.
- Negative Sentiment: Lower production and rising costs are potential headwinds, meaning the earnings beat depended substantially on favorable gold prices.
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.
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