Short Interest in Agnico Eagle Mines Limited (NYSE:AEM) Decreases By 23.0%

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 4,382,180 shares, a drop of 23.0% from the February 26th total of 5,691,688 shares. Based on an average daily volume of 2,596,159 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.9% of the shares of the stock are sold short.

Key Headlines Impacting Agnico Eagle Mines

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

• Positive Sentiment: Agnico Eagle agreed to buy units of Cascadia and entered a multi‑year Yukon exploration alliance, giving AEM immediate exposure to high‑potential gold‑copper targets and a pathway to future earn‑in opportunities — a portfolio growth story investors reward. AGNICO EAGLE ANNOUNCES FINANCING AND STRATEGIC ALLIANCE WITH CASCADIA MINERALS LTD.
• Positive Sentiment: Company disclosed an equity investment and a strategic exploration arrangement focused on the Stikine Terrane (Yukon), which could drive upside from new discovery, drill programs and optionality on Cascadia’s assets. Cascadia Announces Strategic Exploration Alliance, Earn-In Agreement and Equity Investment with Agnico Eagle
• Positive Sentiment: Analyst coverage and writeups are highlighting the Cascadia move (C$5M–C$7.6M scale reported by different outlets) as a strategic, low‑cost way to add exploration upside without major near‑term capital commitment. AEM’s Alliance With Cascadia to Explore High-Potential Assets
• Neutral Sentiment: Agnico Eagle set the date to release Q1 2026 results and hold its hybrid AGM (results out April 30, AGM May 1) — an upcoming catalyst that could increase short‑term volatility depending on operational and cost metrics. AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2026 RESULTS, CONFERENCE CALL AND ANNUAL MEETING
• Neutral Sentiment: Market and valuation commentary (Yahoo/Zacks) is revisiting AEM’s multiples post‑Cascadia deal — useful context for investors but not a direct operational change. Agnico Eagle Mines (NYSE:AEM) Valuation After Cascadia Minerals Stake And Yukon Exploration Agreement
• Negative Sentiment: UBS lowered its price target on AEM to $210, signaling cautious near‑term upside from some sell‑side analysts and potentially limiting momentum despite the positive deal news. UBS Group Cuts Agnico Eagle Mines (NYSE:AEM) Price Target to $210.00

Analyst Upgrades and Downgrades

AEM has been the subject of a number of analyst reports. Zacks Research upgraded Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Citigroup boosted their price objective on Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. TD Securities upped their target price on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Erste Group Bank downgraded Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Jefferies Financial Group set a $189.00 price target on Agnico Eagle Mines in a report on Sunday, December 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $232.18.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. boosted its position in shares of Agnico Eagle Mines by 13.4% during the third quarter. TD Waterhouse Canada Inc. now owns 1,133,384 shares of the mining company’s stock worth $192,951,000 after buying an additional 134,147 shares during the period. Ninety One UK Ltd raised its holdings in shares of Agnico Eagle Mines by 386.5% in the 3rd quarter. Ninety One UK Ltd now owns 188,189 shares of the mining company’s stock valued at $31,703,000 after buying an additional 149,506 shares during the period. Campbell & CO Investment Adviser LLC raised its holdings in shares of Agnico Eagle Mines by 1,560.8% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 48,677 shares of the mining company’s stock valued at $8,205,000 after buying an additional 45,746 shares during the period. AustralianSuper Pty Ltd acquired a new position in Agnico Eagle Mines during the 3rd quarter worth about $23,958,000. Finally, TD Asset Management Inc lifted its stake in Agnico Eagle Mines by 1.5% during the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock worth $1,600,436,000 after acquiring an additional 143,645 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Trading Up 5.7%

Shares of NYSE AEM traded up $10.98 during midday trading on Tuesday, reaching $202.84. 3,309,964 shares of the stock were exchanged, compared to its average volume of 2,947,210. The stock has a market capitalization of $101.63 billion, a P/E ratio of 22.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02. The company has a 50 day simple moving average of $212.68 and a 200 day simple moving average of $184.91. Agnico Eagle Mines has a twelve month low of $94.77 and a twelve month high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.13. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The firm’s quarterly revenue was up 60.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. As a group, equities analysts expect that Agnico Eagle Mines will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.45 dividend. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Agnico Eagle Mines’s dividend payout ratio is currently 20.27%.

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.