Empowered Funds LLC Cuts Stake in Agnico Eagle Mines Limited $AEM

by · The Markets Daily

Empowered Funds LLC cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 17.8% during the first quarter, HoldingsChannel.com reports. The firm owned 57,764 shares of the mining company’s stock after selling 12,467 shares during the period. Empowered Funds LLC’s holdings in Agnico Eagle Mines were worth $11,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brookwood Investment Group LLC increased its position in Agnico Eagle Mines by 4.5% during the 4th quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock valued at $231,000 after buying an additional 58 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Agnico Eagle Mines by 1.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock worth $893,000 after acquiring an additional 59 shares in the last quarter. Baker Ellis Asset Management LLC grew its stake in shares of Agnico Eagle Mines by 0.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after acquiring an additional 63 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Agnico Eagle Mines by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,284 shares of the mining company’s stock worth $2,422,000 after acquiring an additional 63 shares during the last quarter. Finally, Syon Capital LLC increased its holdings in shares of Agnico Eagle Mines by 1.8% during the fourth quarter. Syon Capital LLC now owns 3,675 shares of the mining company’s stock valued at $623,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Key Stories Impacting Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

  • Positive Sentiment: Q2 earnings beat expectations: Adjusted earnings reached $3.05 per share, versus the consensus estimate of $2.89 and $1.94 a year earlier. Revenue increased 35% year over year, signaling stronger operating performance and higher profitability. Agnico Eagle Mines Beats Q2 Earnings Estimates
  • Positive Sentiment: Record free cash flow and shareholder returns: Management cited better-than-planned production, disciplined cost control, strong margins and record quarterly free cash flow. The company also reported record quarterly shareholder returns, supporting the investment case for AEM. Agnico Eagle Reports Second Quarter 2026 Results
  • Positive Sentiment: 2026 production outlook maintained: Agnico Eagle kept its full-year production guidance unchanged despite reporting higher quarterly earnings, reducing concern that the results were driven by unsustainable operational factors. Agnico Eagle Reports Higher Q2 Earnings
  • Positive Sentiment: Finnish growth investments: Second-quarter filings highlighted acquisitions in Central Lapland, accelerating Agnico Eagle’s expansion in Finland and potentially strengthening its long-term resource pipeline. Agnico Eagle Accelerates Finnish Expansion
  • Neutral Sentiment: First Trust Advisors reduced its AEM position by 4.2%, a relatively small institutional sale that is unlikely to materially change the company’s fundamentals.
  • Negative Sentiment: Erste Group Bank lowered its 2026 EPS forecast to $12.23 from $12.86, while Citigroup also reduced its expectations for AEM’s stock price. These revisions could weigh on sentiment despite the quarterly earnings beat.

Agnico Eagle Mines Stock Performance

Shares of NYSE AEM opened at $144.22 on Thursday. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12 month low of $122.68 and a 12 month high of $255.24. The company has a 50 day simple moving average of $158.51 and a two-hundred day simple moving average of $189.75. The stock has a market cap of $73.20 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 2.21 and a beta of 0.60.

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. As a group, analysts predict that Agnico Eagle Mines Limited will post 11.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AEM shares. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. cut their price target on shares of Agnico Eagle Mines from $222.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Zacks Research cut shares of Agnico Eagle Mines from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada lowered their price objective 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, July 9th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $225.69.

Read Our Latest Report on Agnico Eagle Mines

About Agnico Eagle Mines

(Free Report)

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.

Featured Stories

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