Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.
Other research analysts have also issued reports about the company. Jefferies Financial Group set a $189.00 target price on Agnico Eagle Mines in a research report on Sunday, December 7th. TD Securities raised their price target on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating and issued a $240.00 price objective on shares of Agnico Eagle Mines in a research note on Friday. CIBC increased their target price on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. assumed coverage on Agnico Eagle Mines in a research report on Thursday. They issued a “neutral” rating and a $248.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of “Buy” and an average price target of $224.73.
Get Our Latest Stock Report on Agnico Eagle Mines
Agnico Eagle Mines Price Performance
Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its quarterly earnings data on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. Equities research analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Agnico Eagle Mines
A number of institutional investors have recently made changes to their positions in AEM. Sigma Planning Corp lifted its position in shares of Agnico Eagle Mines by 163.3% during the 4th quarter. Sigma Planning Corp now owns 15,882 shares of the mining company’s stock worth $2,814,000 after purchasing an additional 9,849 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the 4th quarter worth approximately $44,000. Delta Investment Management LLC lifted its holdings in shares of Agnico Eagle Mines by 864.3% during the fourth quarter. Delta Investment Management LLC now owns 15,824 shares of the mining company’s stock worth $2,683,000 after buying an additional 14,183 shares during the last quarter. New Harbor Financial Group LLC boosted its position in shares of Agnico Eagle Mines by 10.9% in the fourth quarter. New Harbor Financial Group LLC now owns 2,080 shares of the mining company’s stock valued at $353,000 after acquiring an additional 205 shares during the period. Finally, Caldwell Trust Co acquired a new stake in shares of Agnico Eagle Mines in the fourth quarter worth $63,000. 68.34% of the stock is currently owned by institutional investors.
Agnico Eagle Mines News Roundup
Here are the key news stories impacting Agnico Eagle Mines this week:
- Positive Sentiment: Canaccord raised its price target on AEM to $252.10 and kept a Buy rating, signaling continued analyst confidence and upside potential. Analysts Remain Bullish on Agnico Eagle Mines Limited as They Raise Their Price Targets
- Positive Sentiment: Agnico agreed to sell its stake in the Barsele/Gunnarn assets to Goldsky Resources for about $166M (cash and stock), which should bolster liquidity and free up capital for core projects or returns to shareholders. Agnico Eagle to sell stake in Barsele gold project to Goldsky Resources
- Positive Sentiment: Operational cash flow remains a strength: Q3 free cash flow roughly doubled year-over-year, supporting investment, debt reduction and shareholder returns — a fundamental tailwind for valuation over time. Can Agnico Eagle’s Solid Free Cash Flow Drive Its Next Growth Phase?
- Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $248 target — the call provides a sizable upside from recent levels but is not a buy endorsement, which may limit immediate buying momentum.
- Neutral Sentiment: Benzinga (citing JPMorgan views) highlights a valuation divergence between Barrick and Agnico — investors may be rotating between names based on balance-sheet/production profiles rather than the gold price alone. Barrick (B) Vs. Agnico Eagle (AEM): Why One Gold Stock Is 22% Cheaper Today
- Negative Sentiment: Short-term selling pressure: multiple market reports note AEM fell more than the broader market in recent sessions (heavy volume and a steep two-day decline), consistent with profit-taking after a large one‑year run-up. Agnico Eagle Mines (AEM) Registers a Bigger Fall Than the Market: Important Facts to Note
- Negative Sentiment: Investor re-pricing risk after a large one‑year gain (reported as ~143% in some coverage): high returns can prompt rotation out of the name and amplify volatility even when fundamentals remain solid. Is Agnico Eagle Mines (AEM) Pricing Reflect A 143% One Year Share Price Jump
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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