Gabelli Funds LLC Sells 22,029 Shares of Agnico Eagle Mines Limited $AEM

Gabelli Funds LLC lowered its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,839 shares of the mining company’s stock after selling 22,029 shares during the quarter. Gabelli Funds LLC’s holdings in Agnico Eagle Mines were worth $32,862,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Abacus Wealth Partners LLC acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter valued at approximately $1,955,000. May Hill Capital LLC boosted its position in Agnico Eagle Mines by 83.2% in the 4th quarter. May Hill Capital LLC now owns 5,096 shares of the mining company’s stock valued at $864,000 after buying an additional 2,315 shares during the last quarter. Qsemble Capital Management LP bought a new position in Agnico Eagle Mines in the 4th quarter valued at $4,273,000. AlphaCore Capital LLC boosted its position in Agnico Eagle Mines by 2.0% in the 4th quarter. AlphaCore Capital LLC now owns 13,709 shares of the mining company’s stock valued at $2,324,000 after buying an additional 263 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Agnico Eagle Mines by 26,635.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,835 shares of the mining company’s stock valued at $124,916,000 after buying an additional 734,079 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AEM. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. UBS Group decreased their price objective on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Canadian Imperial Bank of Commerce decreased their price objective on Agnico Eagle Mines from $312.00 to $304.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Erste Group Bank lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $238.18.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock opened at $180.38 on Monday. The firm has a fifty day moving average of $202.61 and a two-hundred day moving average of $193.34. The stock has a market capitalization of $90.28 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 3.93 and a beta of 0.58. Agnico Eagle Mines Limited has a 52 week low of $103.96 and a 52 week high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 3.15.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the company posted $1.53 EPS. The business’s revenue for the quarter was up 66.1% compared to the same quarter last year. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 13.14 EPS for the current year.

Agnico Eagle Mines News Summary

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 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.