KLCM Advisors Inc. lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 55,555.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 10,018 shares of the mining company’s stock after buying an additional 10,000 shares during the quarter. KLCM Advisors Inc.’s holdings in Agnico Eagle Mines were worth $2,033,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of AEM. Acumen Wealth Advisors LLC bought a new stake in Agnico Eagle Mines in the fourth quarter valued at about $26,000. Abound Wealth Management lifted its holdings in Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after buying an additional 104 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Agnico Eagle Mines during the 4th quarter worth approximately $35,000. Jessup Wealth Management Inc acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $35,000. Finally, Bangor Savings Bank acquired a new position in shares of Agnico Eagle Mines in the 4th quarter worth approximately $37,000. Institutional investors own 68.34% of the company’s stock.
Agnico Eagle Mines Stock Performance
NYSE:AEM traded down $2.30 during midday trading on Friday, reaching $146.73. 1,724,898 shares of the company traded hands, compared to its average volume of 2,802,878. The firm has a market capitalization of $74.47 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.93 and a beta of 0.60. The company has a fifty day moving average price of $170.07 and a 200 day moving average price of $192.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. Agnico Eagle Mines Limited has a twelve month low of $116.83 and a twelve month high of $255.24.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on AEM. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “buy” rating and upped their price target for the company from $187.00 to $200.00 in a research report on Monday, July 6th. Wall Street Zen raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Royal Bank Of Canada lowered their target price on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating for the company in a research note on Thursday. Bank of America reduced their price target on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, TD lifted their price target on shares of Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus price target of $238.31.
Get Our Latest Research Report on Agnico Eagle Mines
Agnico Eagle Mines News Roundup
Here are the key news stories impacting Agnico Eagle Mines this week:
- Positive Sentiment: Bank of America cut its price target on Agnico Eagle Mines but kept a buy rating, implying meaningful upside from current levels and signaling that some analysts still like the company’s long-term outlook. Benzinga report on Bank of America price target update
- Positive Sentiment: Zacks highlighted Agnico Eagle as a stock investors are closely watching, which can reflect elevated interest ahead of potential catalysts such as operating updates, commodity moves, or analyst revisions. Zacks most-searched stocks article
- Neutral Sentiment: Scotiabank lowered its FY2027 EPS estimate for Agnico Eagle, which is a modest fundamental headwind, but its current-year earnings outlook remains well above the revised figure, suggesting the company is still expected to be profitable. MarketBeat earnings estimate update
- Neutral Sentiment: A comparison article framed Agnico Eagle as a lower-risk, high-margin gold miner versus peers, reinforcing its reputation for balance-sheet strength and premium operations, though it does not represent a direct company catalyst. Motley Fool comparison article
- Negative Sentiment: Agnico Eagle reported a rock mass movement at the Barnat open pit in Québec and temporarily halted mining there while geotechnical teams assess stability. Although no injuries or environmental damage were reported, the incident raises operational risk at a key asset. Yahoo Finance article on Barnat pit stability concerns
- Negative Sentiment: A Zacks note pointed out that Agnico Eagle shares have fallen sharply over the past three months as gold prices retreated, indicating that lower bullion prices remain a key drag on the stock. Zacks article on AEM stock decline
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.
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