Cidel Asset Management Inc. Buys 38,731 Shares of Agnico Eagle Mines Limited $AEM

Key Points

• Cidel Asset Management increased its Agnico Eagle Mines stake by 31.5%, purchasing 38,731 additional shares to hold 161,742 shares valued at approximately $29.7 million. Institutional investors collectively own 68.34% of the company.
• Agnico Eagle’s latest quarterly results beat expectations, with earnings of $2.62 per share and revenue of $3.54 billion, up 17.1% year over year. Management is also targeting up to 30% production growth over the next decade.
• The stock opened at $165.14, down 6.1%, while analysts maintain a “Moderate Buy” consensus and an average price target of $227.20. Cost pressures, including higher diesel prices, tariffs and inflation, remain key risks to margins.

Cidel Asset Management Inc. increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 31.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,742 shares of the mining company's stock after purchasing an additional 38,731 shares during the quarter. Agnico Eagle Mines comprises about 1.4% of Cidel Asset Management Inc.'s portfolio, making the stock its 20th biggest position. Cidel Asset Management Inc.'s holdings in Agnico Eagle Mines were worth $29,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in Agnico Eagle Mines by 600.0% during the 3rd quarter. Fortitude Family Office LLC now owns 140 shares of the mining company's stock worth $26,000 after buying an additional 120 shares in the last quarter. Markowski Investments bought a new position in Agnico Eagle Mines in the 2nd quarter valued at $29,000. Dunhill Financial LLC acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $31,000. Fiduciary Financial Advisors acquired a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at $32,000. Finally, Sawyer & Company Inc acquired a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Stock Down 6.1%

Shares of Agnico Eagle Mines stock opened at $165.14 on Friday. The business has a fifty day simple moving average of $192.73 and a 200 day simple moving average of $189.47. The stock has a market cap of $83.72 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. The company has a quick ratio of 2.02, 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.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Wednesday, October 28th. The mining company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.15. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. The company's quarterly revenue was up 17.1% on a year-over-year basis. Research analysts predict that Agnico Eagle Mines Limited will post 11.40 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AEM. Royal Bank Of Canada upped their price target on Agnico Eagle Mines from $210.00 to $225.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 16th. Scotiabank decreased their price target on 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. Bank of America lowered their price objective on 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. Canadian Imperial Bank of Commerce set a $239.00 target price on shares of Agnico Eagle Mines in a research report on Friday, October 16th. Finally, RBC Dominion Securities set a $225.00 target price on shares of Agnico Eagle Mines and gave the company a "sector perform" rating in a research note on Thursday, October 22nd. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $227.20.

Key Stories Impacting Agnico Eagle Mines

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

• Positive Sentiment: Q3 results exceeded expectations: Agnico Eagle reported adjusted earnings of approximately $2.61–$2.62 per share, above the $2.47 consensus estimate, while revenue reached about $3.54 billion, also topping forecasts. Earnings rose from $2.10 per share a year earlier, and revenue increased 17.1% year over year. Agnico Eagle Mines Q3 earnings report
• Positive Sentiment: Production growth supports the long-term outlook: Management said it is targeting as much as 30% production growth over the next decade through projects and mine expansions. The plan could support future revenue and cash flow, while the company continues emphasizing shareholder returns. AEM Q3 earnings call highlights growth plans and cost pressures
• Neutral Sentiment: JPMorgan raised its price target: JPMorgan increased its target for AEM from $190 to $193, implying substantial potential appreciation from the referenced share price. However, it maintained a “neutral” rating, limiting the immediate bullish signal.
• Negative Sentiment: Cost pressures are weighing on sentiment: Agnico Eagle warned that elevated diesel prices are likely to increase 2027 costs, while tariffs and other inflationary pressures are also affecting margins. Although gold prices were reported to be up 22.7% year over year, investors appear focused on whether higher costs will offset the benefit of strong bullion prices. Agnico Eagle sees elevated diesel prices driving up 2027 costs

About Agnico Eagle Mines

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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