NBT Bank N.A. Makes New Investment in Agnico Eagle Mines Limited $AEM

Key Points

• NBT Bank acquired 8,383 shares of Agnico Eagle Mines in the third quarter, worth approximately $1.54 million. Institutional investors collectively own 68.34% of the company.
• Analyst sentiment remains favorable, with 13 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $224.33. However, Freedom Broker cut its rating to Hold and lowered its target to $212 over execution, cost-inflation, earnings, and valuation concerns.
• Agnico Eagle recently exceeded quarterly expectations, reporting $3.05 in adjusted EPS and $3.80 billion in revenue, up 35% year over year. The company is benefiting from elevated gold prices and strong cash flow, though upcoming operating results could be an important catalyst.

NBT Bank N.A. acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,383 shares of the mining company's stock, valued at approximately $1,536,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AEM. Lmcg Investments LLC increased its stake in Agnico Eagle Mines by 0.4% in the 3rd quarter. Lmcg Investments LLC now owns 167,199 shares of the mining company's stock worth $30,643,000 after acquiring an additional 614 shares during the last quarter. Cardinal Point Capital Management ULC boosted its position in shares of Agnico Eagle Mines by 8.7% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 77,014 shares of the mining company's stock valued at $14,146,000 after acquiring an additional 6,178 shares during the last quarter. Sage Private Wealth Group LLC bought a new stake in shares of Agnico Eagle Mines during the 3rd quarter valued at about $220,000. Magnus Financial Group LLC purchased a new position in shares of Agnico Eagle Mines during the third quarter worth about $201,000. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Agnico Eagle Mines by 10.3% during the third quarter. Axxcess Wealth Management LLC now owns 5,770 shares of the mining company's stock worth $1,057,000 after purchasing an additional 541 shares in the last quarter. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Agnico Eagle Mines from a "hold" rating to a "buy" rating and raised their target price for the company from $187.00 to $200.00 in a research note on Monday, July 6th. RBC Dominion Securities set a $225.00 price target on shares of Agnico Eagle Mines and gave the stock a "sector perform" rating in a research note on Thursday. Scotia decreased their price target on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a "sector outperform" rating on the stock in a report on Friday, July 3rd. Weiss Ratings upgraded shares of Agnico Eagle Mines from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, October 14th. Finally, Freedom Broker reaffirmed a "hold" rating and set a $212.00 price objective (down from $255.00) on shares of Agnico Eagle Mines in a report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $224.33.

Key Agnico Eagle Mines News

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

• Positive Sentiment: JPMorgan Chase raised its price target for Agnico Eagle, signaling continued confidence in the company’s outlook. Agnico Eagle Mines Stock Gets Price Target Increase from JPMorgan Chase & Co.
• Positive Sentiment: Elevated gold prices and reported record cash flow are drawing investor attention because miners generally benefit from widening margins when bullion prices rise. Agnico is also being highlighted as a relatively strong operator with quality assets. Agnico Eagle Mines Draws Focus as Record Cash Flow Meets Elevated Gold Prices
• Positive Sentiment: RBC Dominion Securities assigned a $225 price target and a “sector perform” rating, while the broader average brokerage recommendation remains favorable. These targets imply substantial upside from recent trading levels, although analyst optimism may be overstated. RBC Dominion Securities price target
• Neutral Sentiment: Wall Street’s Q3 2026 preview focuses on production, costs, revenue, and other operating metrics. The articles provide estimates rather than actual results, so the upcoming report could become an important catalyst. Agnico Q3 earnings preview
• Negative Sentiment: Freedom Broker downgraded AEM from “buy” to “hold” and reduced its price target to $212 from $255. The broker cited execution risks at Canadian Malartic and Odyssey, lower earnings and EBITDA projections, cost-inflation concerns, and Agnico’s premium valuation relative to peers. Why Did Agnico Eagle Mines Stock Drop?
• Negative Sentiment: Erste Group Bank made a small reduction to its FY2027 EPS forecast, lowering it to $12.30 from $12.35. Although modest, the revision reinforces concerns about future earnings growth. Agnico Eagle earnings estimate revision

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $173.84 on Friday. The company has a market capitalization of $88.13 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.61 and a beta of 0.64. The business has a 50 day moving average of $195.12 and a 200 day moving average of $180.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. Agnico Eagle Mines Limited has a 1-year low of $134.38 and a 1-year high of $255.24.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued 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 business had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The business's quarterly revenue was up 35.0% on a year-over-year basis. During the same period last year, the business earned $1.94 earnings per share. On average, sell-side analysts predict that Agnico Eagle Mines Limited will post 11.45 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding AEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.