Canoe Financial LP Sells 417,540 Shares of Agnico Eagle Mines Limited $AEM

Canoe Financial LP trimmed its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 37.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 711,604 shares of the mining company’s stock after selling 417,540 shares during the quarter. Agnico Eagle Mines accounts for approximately 1.6% of Canoe Financial LP’s investment portfolio, making the stock its 25th biggest holding. Canoe Financial LP’s holdings in Agnico Eagle Mines were worth $120,680,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AEM. Worth Asset Management LLC bought a new position in Agnico Eagle Mines during the fourth quarter worth $300,000. Fairvoy Private Wealth LLC raised its holdings in shares of Agnico Eagle Mines by 2.1% during the fourth quarter. Fairvoy Private Wealth LLC now owns 8,757 shares of the mining company’s stock valued at $1,485,000 after purchasing an additional 184 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Agnico Eagle Mines during the fourth quarter valued at about $185,000. Enclave Advisors LLC bought a new position in shares of Agnico Eagle Mines during the 4th quarter worth about $7,293,000. Finally, Dakota Wealth Management boosted its position in shares of Agnico Eagle Mines by 4.2% during the 4th quarter. Dakota Wealth Management now owns 6,242 shares of the mining company’s stock worth $1,058,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Key Agnico Eagle Mines News

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

• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS forecasts (FY2026 to $14.22 from $13.05; FY2027 to $14.13 from $14.00), suggesting stronger forward earnings expectations that support AEM’s valuation. MarketBeat: Erste raises EPS estimates
• Neutral Sentiment: Increased retail and analyst attention — multiple outlets (Zacks, Yahoo) flag AEM as a “trending” or closely watched stock, which can amplify short-term volatility but is neutral for long-term fundamentals. Zacks: AEM Is a Trending Stock
• Negative Sentiment: UBS cut its price target on AEM from $240 to $210 and set a “Neutral” rating — a material downward revision to a major bank’s target that may limit upside in the near term. Benzinga: UBS lowers AEM price target
• Negative Sentiment: Market pieces noted a recent intraday pullback (March 26) where AEM fell more than the broader market, highlighting short-term selling pressure and volatility. Yahoo: Why AEM dipped more than broader market
• Negative Sentiment: AmericanBankingNews reported a downgrade to “Hold” at Erste Group (rating lowered), which can be read as reduced near-term conviction from at least one sell-side source. AmericanBankingNews: AEM Rating Lowered to Hold at Erste Group Bank

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group decreased their target price on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday. TD Securities raised their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Canadian Imperial Bank of Commerce set a $296.00 price objective on Agnico Eagle Mines and gave the company an “outperform” rating in a report on Wednesday, February 4th. Scotiabank reaffirmed an “outperform” rating and set a $280.00 target price on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. Finally, Citigroup increased their target price on Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $232.18.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $193.24 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.33. The firm has a 50-day moving average of $212.80 and a 200-day moving average of $184.42. Agnico Eagle Mines Limited has a one year low of $94.77 and a one year high of $255.24. The company has a market cap of $96.82 billion, a P/E ratio of 21.76 and a beta of 0.61.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.13. Agnico Eagle Mines had a net margin of 37.47% and a return on equity of 18.09%. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The firm’s revenue for the quarter was up 60.3% compared to the same quarter last year. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, March 2nd. This is a boost from Agnico Eagle Mines’s previous quarterly dividend of $0.40. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 20.27%.

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.