Artemis Investment Management LLP Decreases Stock Holdings in Agnico Eagle Mines Limited $AEM

Key Points

• Artemis Investment Management trimmed its position in Agnico Eagle by 6.1% in Q4, selling 36,853 shares and ending the quarter with 571,247 shares (about $96.9M), which is 1.2% of Artemis’s portfolio and 0.11% of AEM outstanding.
• Agnico Eagle beat Q1 expectations, reporting $3.40 EPS vs. $3.19 expected and $4.0B revenue vs. $3.96B, with record operating margins and adjusted EBITDA, though production declined year-over-year.
• The company declared a quarterly dividend of $0.45 (annualized $1.80, ~1.0% yield; ex-dividend June 1) and carries a consensus Wall Street rating of “Moderate Buy” with an average price target of $239.36.

Artemis Investment Management LLP decreased its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 571,247 shares of the mining company's stock after selling 36,853 shares during the quarter. Agnico Eagle Mines makes up 1.2% of Artemis Investment Management LLP's investment portfolio, making the stock its 24th largest position. Artemis Investment Management LLP owned 0.11% of Agnico Eagle Mines worth $96,875,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SevenBridge Financial Group LLC grew its stake in Agnico Eagle Mines by 13.8% in the fourth quarter. SevenBridge Financial Group LLC now owns 2,067 shares of the mining company's stock worth $350,000 after purchasing an additional 251 shares during the period. Gibraltar Capital Management Inc. grew its stake in Agnico Eagle Mines by 11.1% in the fourth quarter. Gibraltar Capital Management Inc. now owns 2,494 shares of the mining company's stock worth $423,000 after purchasing an additional 250 shares during the period. Horizon Investments LLC grew its holdings in Agnico Eagle Mines by 2,737.9% in the fourth quarter. Horizon Investments LLC now owns 7,038 shares of the mining company's stock worth $1,193,000 after purchasing an additional 6,790 shares during the period. Robertson Stephens Wealth Management LLC purchased a new stake in Agnico Eagle Mines in the fourth quarter worth about $224,000. Finally, Danske Bank A S grew its holdings in Agnico Eagle Mines by 7.4% in the fourth quarter. Danske Bank A S now owns 10,031 shares of the mining company's stock worth $1,704,000 after purchasing an additional 692 shares during the period. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $183.51 on Friday. The stock's fifty day moving average is $211.77 and its 200 day moving average is $191.76. Agnico Eagle Mines Limited has a fifty-two week low of $103.38 and a fifty-two week high of $255.24. The firm has a market capitalization of $91.86 billion, a PE ratio of 20.67, a PEG ratio of 9.49 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings results 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 21.69% and a net margin of 39.46%.The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the firm posted $1.53 EPS. Agnico Eagle Mines's quarterly revenue was up 66.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 12.88 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. Agnico Eagle Mines's dividend payout ratio is 20.27%.

Agnico Eagle Mines News Summary

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

• Positive Sentiment: Q1 beat on core metrics — Agnico reported record quarterly operating margins, adjusted EPS (~$3.40/$3.41) and adjusted EBITDA (~$3.01B) that topped Street forecasts, driven by higher realized prices and margin expansion. AGNICO EAGLE REPORTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: Capital returns highlighted — Bank of America and others flagged strong capital returns (dividends/returns of capital) as a standout of the quarter, supporting shareholder value and reducing downside from cyclical commodity moves. Agnico Eagle, Eldorado Gold post Q1 earnings beat with capital returns a standout
• Positive Sentiment: Strategic optionality — Continuing exploration/expansion activity (e.g., Kolho, Finland JV) and favorable analyst coverage (Goldman Sachs has named AEM a top gold pick) give upside should exploration convert to reserves. Is Agnico Eagle Mines Limited (AEM) Goldman Sachs Top Gold Stock Amid Finland Expansion
• Neutral Sentiment: Full results and management commentary are available — The company published its earnings slide deck and the earnings call transcript, useful for detail on guidance, cost outlook and mine sequencing (review these for production guidance and AISC commentary). Agnico Eagle Mines Limited 2026 Q1 - Results - Earnings Call Presentation Q1 2026 Earnings Call Transcript
• Negative Sentiment: Production trends down — Several reports note that production fell in the quarter even as margins rose, which raises near-term volume risk and could pressure future revenue if the trend persists. Agnico Eagle Posts Record Net Income As Production Trends Lower
• Negative Sentiment: Analyst caution and estimate tweaks — Erste trimmed FY2026/27 EPS modestly and maintained a Hold, signaling some analyst conservatism on sustainability of earnings; that, plus routine profit-taking after the run-up, likely pressured the share price. Erste Group cuts estimates / MarketBeat summary

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Raymond James Financial reissued an "outperform" rating and issued a $225.00 target price on shares of Agnico Eagle Mines in a research note on Wednesday, January 14th. Weiss Ratings cut Agnico Eagle Mines from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Wednesday. Wall Street Zen cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 11th. Scotiabank reaffirmed an "outperform" rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. Finally, TD Securities increased their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a "buy" rating in a research report on Tuesday, March 3rd. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Agnico Eagle Mines presently has an average rating of "Moderate Buy" and a consensus price target of $239.36.

Agnico Eagle Mines Profile

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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