1,129,982 Shares in Agnico Eagle Mines Limited $AEM Acquired by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp. acquired 1,129,982 Agnico Eagle Mines shares worth approximately $175.4 million, making AEM its eighth-largest holding and representing about 0.22% of the company.
• Institutional investors own 68.34% of Agnico Eagle Mines, while analysts maintain a “Moderate Buy” consensus with an average price target of $226; 12 analysts rate the stock a Buy, four a Hold and one a Sell.
• Agnico Eagle reported quarterly EPS of $3.05, exceeding the $2.89 consensus, with revenue rising 35% year over year to $3.77 billion. Shares opened at $186.32, and the company faces both supportive gold prices and risks from revised earnings forecasts and a Barnat pit wall movement.

Alberta Investment Management Corp bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,129,982 shares of the mining company's stock, valued at approximately $175,395,000. Agnico Eagle Mines accounts for approximately 1.0% of Alberta Investment Management Corp's holdings, making the stock its 8th largest position. Alberta Investment Management Corp owned approximately 0.22% of Agnico Eagle Mines as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $1,367,783,000. Van ECK Associates Corp boosted its position in shares of Agnico Eagle Mines by 21.6% during the fourth quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company's stock worth $2,920,258,000 after buying an additional 3,062,705 shares during the period. Employees Provident Fund Board bought a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $183,341,000. Bank of New York Mellon Corp acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at approximately $156,942,000. Finally, Auto Owners Insurance Co raised its position in Agnico Eagle Mines by 16,853.0% in the 4th quarter. Auto Owners Insurance Co now owns 915,462 shares of the mining company's stock valued at $15,520,000 after buying an additional 910,062 shares during the last quarter. Institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a "hold" rating to an "outperform" rating in a research note on Monday, May 4th. Barclays lowered their price objective on shares of Agnico Eagle Mines from $210.00 to $188.00 and set an "overweight" rating on the stock in a report on Wednesday, July 15th. UBS Group cut their price objective on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 30th. Bank of America reduced 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 report on Thursday, July 9th. Finally, Wall Street Zen cut shares of Agnico Eagle Mines from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.00.

Key Headlines Impacting Agnico Eagle Mines

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

• Positive Sentiment: Gold prices reached their highest level in more than two months on August 13, improving the outlook for large precious-metals producers. Higher bullion prices can increase Agnico Eagle’s realized prices and the value of its future production. Why Agnico Eagle Mines (AEM) Stock Is Up Today
• Positive Sentiment: Agnico Eagle’s second-quarter 2026 results highlighted record free cash flow of $1.335 billion, net income of $1.6 billion and operating cash flow of $2.144 billion. The company also returned $625 million to shareholders through dividends and share repurchases, reinforcing its leverage to elevated gold prices and its shareholder-return strategy.
• Positive Sentiment: Recent analyst targets remain above the stock’s referenced trading level, with a six-month median target of $210 and several targets ranging from $200 to $310. These targets suggest some analysts still see upside if gold prices and production remain supportive.
• Neutral Sentiment: Institutional positioning was mixed: 442 investors added shares while 616 reduced positions in their latest reported quarters. Large purchases by VanEck and JPMorgan were offset by sizable reductions from FMR, FIL, Arrowstreet and TD Asset Management.
• Negative Sentiment: Zacks Research lowered its EPS forecasts across late 2026, 2027 and early 2028, including reducing its FY2026 estimate to $11.65 from $12.79 and FY2027 to $10.62 from $12.82. Zacks maintained a “Strong Sell” rating, signaling concern about future earnings momentum.
• Negative Sentiment: A July 1 wall movement at the Barnat pit reduced production expectations toward the low end of Agnico Eagle’s 2026 guidance. Although there were no injuries, Odyssey’s outlook was unchanged and stockpiles are mitigating the impact, the event remains a production risk.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $186.32 on Monday. The business's 50-day moving average price is $156.67 and its 200-day moving average price is $186.84. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12 month low of $130.04 and a 12 month high of $255.24. The firm has a market capitalization of $94.45 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.32 and a beta of 0.61.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.16. The firm had revenue of $3.77 billion for 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 business's revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 11.56 EPS for the current year.

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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