Agnico Eagle Mines Limited $AEM Stake Increased by HighTower Advisors LLC

Key Points

• HighTower Advisors increased its Agnico Eagle Mines stake by 10.4% in the second quarter, bringing its holdings to 55,426 shares valued at approximately $8.6 million. Institutional investors and hedge funds collectively own 68.34% of the company.
• Agnico Eagle reported second-quarter EPS of $3.05, exceeding analysts’ $2.89 estimate, while revenue rose 35% year over year to $3.77 billion. Analysts project full-year EPS of $11.58.
• Wall Street’s outlook remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $226, although individual analysts’ targets and recommendations vary.

HighTower Advisors LLC boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,426 shares of the mining company's stock after acquiring an additional 5,209 shares during the period. HighTower Advisors LLC's holdings in Agnico Eagle Mines were worth $8,598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BIP Wealth LLC acquired a new stake in Agnico Eagle Mines during the second quarter valued at approximately $1,167,000. Annex Advisory Services LLC lifted its holdings in Agnico Eagle Mines by 70.5% during the 2nd quarter. Annex Advisory Services LLC now owns 29,007 shares of the mining company's stock worth $4,500,000 after buying an additional 11,995 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new position in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $6,923,000. PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Agnico Eagle Mines by 12.0% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 103,312 shares of the mining company's stock worth $16,046,000 after acquiring an additional 11,100 shares in the last quarter. Finally, Harvest Portfolios Group Inc. increased its holdings in shares of Agnico Eagle Mines by 45.7% in the 4th quarter. Harvest Portfolios Group Inc. now owns 137,292 shares of the mining company's stock valued at $23,282,000 after acquiring an additional 43,051 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 3.1%

Shares of Agnico Eagle Mines stock opened at $196.32 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. The business's 50 day simple moving average is $173.49 and its 200-day simple moving average is $186.27. The stock has a market capitalization of $99.52 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.51 and a beta of 0.67. Agnico Eagle Mines Limited has a twelve month low of $134.38 and a twelve month high of $255.24.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.16. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The business's revenue for the quarter was up 35.0% compared to the same quarter last year. Equities research analysts forecast that Agnico Eagle Mines Limited will post 11.58 earnings per share for the current year.

Agnico Eagle Mines News Roundup

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

• Positive Sentiment: Strong fundamentals support longer-term upside. An analysis highlighted robust first-half 2026 results, upgraded revenue and adjusted-income estimates, and attractive forward valuation multiples despite risks to gold prices from potentially higher interest rates. Agnico Eagle Mines: Continued Upside Despite Risks To The Price Of Gold
• Positive Sentiment: Record cash generation and a strong balance sheet remain key catalysts. Commentary cited second-quarter free cash flow of approximately $1.34 billion, margins above $3,000 per ounce and a net cash position of about $3.27 billion. Finland asset consolidation and targeted investments could support 20%–30% long-term production growth. Agnico Eagle: The Best Gold Miner Just Went On Sale Again
• Positive Sentiment: Asset monetization and renewable-power development could improve capital allocation. AEM agreed to sell its Delta and Helm Bay projects to Vizsla Copper for C$32 million in shares while retaining royalties and potential milestone payments. Separately, a C$20 million Canada Infrastructure Bank loan is advancing an Inuit-led wind project intended to supply AEM’s Hope Bay operation, potentially reducing diesel dependence. Agnico Eagle to Sell Delta and Helm Bay Projects to Vizsla Copper

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AEM shares. Jefferies Financial Group raised Agnico Eagle Mines from a "hold" rating to a "buy" rating and upped their price target for the company from $187.00 to $200.00 in a research report on Monday, July 6th. JPMorgan Chase & Co. lifted their price objective on shares of Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Scotiabank lowered their target price 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. Wall Street Zen cut shares of Agnico Eagle Mines from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Finally, Canadian Imperial Bank of Commerce set a $285.00 target price on shares of Agnico Eagle Mines in a report on Thursday, July 16th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $226.00.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited is a Canadian-based gold mining company engaged in the exploration, development and production of gold and other mineral resources. The company's primary product is gold, with silver and other byproducts also recovered from certain operations. Its activities include operating mines, advancing development projects and conducting exploration to expand and replace mineral reserves.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world's major gold producers.

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