Townsquare Capital LLC lowered its position in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 48.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,556 shares of the mining company’s stock after selling 4,292 shares during the quarter. Townsquare Capital LLC’s holdings in Agnico Eagle Mines were worth $768,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at approximately $25,000. True Wealth Design LLC lifted its holdings in Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock valued at $26,000 after acquiring an additional 122 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Agnico Eagle Mines in the second quarter worth approximately $29,000. City State Bank increased its stake in Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock worth $32,000 after acquiring an additional 110 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in Agnico Eagle Mines by 59.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after purchasing an additional 74 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Agnico Eagle Mines from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, January 12th. Zacks Research cut shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Bank of America boosted their target price on Agnico Eagle Mines from $209.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. CIBC upped their price target on Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Jefferies Financial Group set a $189.00 price objective on Agnico Eagle Mines in a research note on Sunday, December 7th. Four research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $224.73.
Agnico Eagle Mines Stock Performance
Shares of AEM stock opened at $190.46 on Friday. The company has a market cap of $95.36 billion, a P/E ratio of 27.80, a PEG ratio of 0.59 and a beta of 0.63. The firm has a fifty day moving average price of $182.93 and a 200 day moving average price of $161.97. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12 month low of $92.11 and a 12 month high of $225.00.
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last posted its quarterly earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.During the same period last year, the firm earned $1.14 earnings per share. Sell-side analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.
Trending Headlines about Agnico Eagle Mines
Here are the key news stories impacting Agnico Eagle Mines this week:
- Positive Sentiment: Canaccord raised its price target on AEM to $252.10 and kept a Buy rating, signaling continued analyst confidence and upside potential. Analysts Remain Bullish on Agnico Eagle Mines Limited as They Raise Their Price Targets
- Positive Sentiment: Agnico agreed to sell its stake in the Barsele/Gunnarn assets to Goldsky Resources for about $166M (cash and stock), which should bolster liquidity and free up capital for core projects or returns to shareholders. Agnico Eagle to sell stake in Barsele gold project to Goldsky Resources
- Positive Sentiment: Operational cash flow remains a strength: Q3 free cash flow roughly doubled year-over-year, supporting investment, debt reduction and shareholder returns — a fundamental tailwind for valuation over time. Can Agnico Eagle’s Solid Free Cash Flow Drive Its Next Growth Phase?
- Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $248 target — the call provides a sizable upside from recent levels but is not a buy endorsement, which may limit immediate buying momentum.
- Neutral Sentiment: Benzinga (citing JPMorgan views) highlights a valuation divergence between Barrick and Agnico — investors may be rotating between names based on balance-sheet/production profiles rather than the gold price alone. Barrick (B) Vs. Agnico Eagle (AEM): Why One Gold Stock Is 22% Cheaper Today
- Negative Sentiment: Short-term selling pressure: multiple market reports note AEM fell more than the broader market in recent sessions (heavy volume and a steep two-day decline), consistent with profit-taking after a large one‑year run-up. Agnico Eagle Mines (AEM) Registers a Bigger Fall Than the Market: Important Facts to Note
- Negative Sentiment: Investor re-pricing risk after a large one‑year gain (reported as ~143% in some coverage): high returns can prompt rotation out of the name and amplify volatility even when fundamentals remain solid. Is Agnico Eagle Mines (AEM) Pricing Reflect A 143% One Year Share Price Jump
Agnico Eagle Mines Company 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.
Featured Articles
- Five stocks we like better than Agnico Eagle Mines
- Do not delete, read immediately
- NEW LAW: Congress Approves Setup For Digital Dollar?
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- A U.S. “birthright” claim worth trillions – activated quietly
- The Crash Has Already Started (Most Just Don’t See It Yet)
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).
Receive News & Ratings for Agnico Eagle Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines and related companies with MarketBeat.com's FREE daily email newsletter.
