Agnico Eagle Mines Limited $AEM Stock Position Reduced by ARGA Investment Management LP

ARGA Investment Management LP reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,505,201 shares of the mining company's stock after selling 63,024 shares during the quarter. Agnico Eagle Mines accounts for 7.0% of ARGA Investment Management LP's portfolio, making the stock its 4th largest position. ARGA Investment Management LP owned about 0.30% of Agnico Eagle Mines worth $275,810,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new stake in shares of Agnico Eagle Mines during the second quarter valued at about $1,362,158,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Agnico Eagle Mines in the second quarter worth about $927,602,000. Bank of America Corp DE acquired a new stake in Agnico Eagle Mines in the second quarter worth about $844,096,000. The Manufacturers Life Insurance Company lifted its holdings in Agnico Eagle Mines by 9.0% in the first quarter. The Manufacturers Life Insurance Company now owns 4,091,837 shares of the mining company's stock worth $829,916,000 after purchasing an additional 338,486 shares during the period. Finally, Amundi grew its position in Agnico Eagle Mines by 4.6% in the 1st quarter. Amundi now owns 3,533,877 shares of the mining company's stock valued at $717,306,000 after buying an additional 155,185 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Trading Down 1.9%

NYSE:AEM opened at $167.16 on Wednesday. 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 1-year low of $134.38 and a 1-year high of $255.24. The firm has a market capitalization of $84.74 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.53 and a beta of 0.69. The stock has a fifty day simple moving average of $190.78 and a 200 day simple moving average of $189.18.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data 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 firm had revenue of $3.54 billion for 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%. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.10 EPS. Sell-side analysts forecast that Agnico Eagle Mines Limited will post 11.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

AEM has been the topic of several research analyst reports. UBS Group raised their target price on shares of Agnico Eagle Mines from $170.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, October 8th. Royal Bank Of Canada upped their price target on shares of Agnico Eagle Mines from $210.00 to $225.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 16th. Scotiabank decreased their price objective on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a "sector outperform" rating for the company in a report on Tuesday, July 14th. Zacks Research raised Agnico Eagle Mines from a "strong sell" rating to a "hold" rating in a research note on Monday, September 7th. Finally, Wall Street Zen cut Agnico Eagle Mines from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Thirteen 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 company has an average rating of "Moderate Buy" and a consensus target price of $227.00.

Agnico Eagle Mines News Summary

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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