Vise Technologies Inc. purchased a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,100 shares of the mining company’s stock, valued at approximately $3,867,000.
Other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. raised its position in Agnico Eagle Mines by 4.1% during the 2nd quarter. QRG Capital Management Inc. now owns 1,460 shares of the mining company’s stock worth $226,000 after purchasing an additional 58 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Agnico Eagle Mines by 1.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 4,362 shares of the mining company’s stock worth $800,000 after buying an additional 63 shares during the period. Evergreen Capital Management LLC grew its position in shares of Agnico Eagle Mines by 0.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,933 shares of the mining company’s stock valued at $1,820,000 after buying an additional 71 shares during the last quarter. Aries Wealth Management grew its position in shares of Agnico Eagle Mines by 1.4% in the 3rd quarter. Aries Wealth Management now owns 5,620 shares of the mining company’s stock valued at $1,030,000 after buying an additional 80 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Agnico Eagle Mines by 0.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,287 shares of the mining company’s stock valued at $1,909,000 after buying an additional 93 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.
Wall Street Analysts Forecast Growth
AEM has been the subject of several recent research reports. Raymond James Financial decreased their price target on Agnico Eagle Mines from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, September 4th. Scotiabank cut their price objective on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Barclays reduced their target price on Agnico Eagle Mines from $218.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday. Zacks Research raised shares of Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Freedom Broker raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Moderate Buy” and an average target price of $227.00.
Get Our Latest Research Report on AEM
Agnico Eagle Mines Stock Down 1.9%
Shares of NYSE:AEM opened at $167.16 on Wednesday. The company has a market capitalization of $84.74 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 2.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 1.90. The business’s 50-day moving average is $190.78 and its 200-day moving average is $189.18. 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 released its earnings results on Wednesday, October 28th. The mining company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.47 by $0.15. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Agnico Eagle Mines had a return on equity of 21.68% and a net margin of 41.01%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 earnings per share. Equities research analysts predict that Agnico Eagle Mines Limited will post 11.42 earnings per share for the current year.
Key Stories Impacting Agnico Eagle Mines
Here are the key news stories impacting Agnico Eagle Mines this week:
- Positive Sentiment: Q3 2026 earnings exceeded expectations, with higher gold prices supporting revenue growth despite lower production and rising costs. AEM Q3 Earnings Beat Estimates on Higher Gold Prices
- Positive Sentiment: The company maintained its 2026 outlook following the strong quarter, providing reassurance that its annual expectations remain intact. Agnico Eagle Mines stock holds 2026 outlook after strong Q3
- Positive Sentiment: Freedom Broker upgraded AEM from “hold” to “buy” and set a $212 price target, signaling increased optimism about the shares. Freedom Broker Upgrades Agnico-Eagle Mines Ltd. to Buy
- Neutral Sentiment: Barclays trimmed its price target to $215 from $218 but retained an “overweight” rating, suggesting continued confidence while modestly lowering its valuation view.
- Negative Sentiment: Lower production and rising costs are potential headwinds, meaning the earnings beat depended substantially on favorable gold prices.
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.
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