Leuthold Group LLC lowered its stake in Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,075 shares of the mining company’s stock after selling 16,762 shares during the quarter. Leuthold Group LLC’s holdings in Agnico Eagle Mines were worth $5,099,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of AEM. MCF Advisors LLC acquired a new stake in Agnico Eagle Mines in the 3rd quarter valued at about $34,000. Abound Wealth Management lifted its holdings in Agnico Eagle Mines by 99.0% in the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after acquiring an additional 104 shares during the last quarter. Lodestone Wealth Management LLC acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at about $35,000. Caitlin John LLC acquired a new stake in Agnico Eagle Mines in the 3rd quarter valued at about $36,000. Finally, Bangor Savings Bank acquired a new stake in Agnico Eagle Mines in the 4th quarter valued at about $37,000. 68.34% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Agnico Eagle Mines
Here are the key news stories impacting Agnico Eagle Mines this week:
- Negative Sentiment: Gold prices dropped about 2% intraday as rising Treasury yields and a stronger U.S. dollar pressured non-yielding assets, dragging down gold miners including AEM. Agnico Eagle Mines slides as gold pulls back sharply on higher yields and a stronger dollar
- Negative Sentiment: Zacks Research trimmed some near-term earnings estimates for Agnico Eagle, including Q2 2026 and Q4 2026, which may add to caution around the stock despite still having a Hold rating.
- Positive Sentiment: Several analysts remain constructive after Q1 results, with recent coverage highlighting AEM as a potential defensive gold name in falling markets and noting upgrades from ATB Cormark.
- Positive Sentiment: A separate article highlighted Agnico Eagle among the best gold mining stocks to own as central banks continue buying bullion, reinforcing the long-term bullish case for gold exposure. 5 Best Gold Mining Stocks to Buy as Central Banks Buy Bullion
- Neutral Sentiment: Recent reports also pointed to Agnico Eagle’s large Ontario growth plan and continued analyst price-target activity, but these are longer-term themes and do not appear to be the main driver of today’s move.
Agnico Eagle Mines Price Performance
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. The business’s quarterly revenue was up 66.1% on a year-over-year basis. On average, analysts forecast that Agnico Eagle Mines Limited will post 13.14 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. TD Securities upped their price target on shares of Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Agnico Eagle Mines from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Monday, May 4th. TD upped 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. Finally, ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $238.18.
Read Our Latest Stock Analysis on Agnico Eagle Mines
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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