Agnico Eagle Mines Limited $AEM Shares Acquired by Capital International Sarl

Capital International Sarl grew its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,700 shares of the mining company’s stock after acquiring an additional 6,029 shares during the quarter. Capital International Sarl’s holdings in Agnico Eagle Mines were worth $19,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital International Inc. CA increased its stake in shares of Agnico Eagle Mines by 119.9% in the 4th quarter. Capital International Inc. CA now owns 88,378 shares of the mining company’s stock worth $14,994,000 after acquiring an additional 48,185 shares during the last quarter. Capital International Investors increased its stake in shares of Agnico Eagle Mines by 34.1% in the 4th quarter. Capital International Investors now owns 247,724 shares of the mining company’s stock worth $42,010,000 after acquiring an additional 62,938 shares during the last quarter. Capital Group Investment Management PTE. LTD. increased its stake in shares of Agnico Eagle Mines by 1.8% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 15,333 shares of the mining company’s stock worth $2,604,000 after acquiring an additional 276 shares during the last quarter. XML Financial LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $389,000. Finally, Nemes Rush Group LLC increased its stake in shares of Agnico Eagle Mines by 31,400.0% in the 4th quarter. Nemes Rush Group LLC now owns 1,890 shares of the mining company’s stock worth $320,000 after acquiring an additional 1,884 shares during the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines News Summary

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

• Positive Sentiment: Agnico Eagle approved an investment decision for its Hope Bay project, a new underground mine with a 6,000-tonne-per-day processing facility, which could support longer-term production growth. Agnico Eagle Mines (AEM) Approves Investment for Hope Bay Gold Project
• Positive Sentiment: CIBC lifted its price target on Agnico Eagle Mines and kept an Outperform rating, signaling confidence in the company’s operating strength and future upside. Is Agnico Eagle Mines Limited (AEM) among the Best Silver and Copper Stocks to Buy for the EV Transition?
• Positive Sentiment: Recent market coverage highlighted strong analyst support, hedge fund interest, and favorable long-term growth investments, which may be reinforcing bullish sentiment around the stock. Agnico Eagle Mines (AEM) Ends May With Strong Analyst Support
• Neutral Sentiment: Agnico Eagle entered a $5 million royalty purchase agreement with Prism Resources tied to properties in Ontario; the deal is modest in size and appears more like a capital structure/royalty cleanup transaction than a major operational shift. AGNICO EAGLE UPDATES EARLY WARNING REPORT IN RESPECT OF PRISM RESOURCES INC.
• Neutral Sentiment: Several articles noted that AEM has been trending among retail investors and outpacing the broader market, but these pieces were mostly commentary rather than new fundamental information. Agnico Eagle Mines (AEM) Outpaces Stock Market Gains: What You Should Know

Analyst Ratings Changes

AEM has been the subject of a number of recent research reports. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Erste Group Bank cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce increased their price target on Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Finally, TD Securities increased their price target on Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $236.08.

Agnico Eagle Mines Stock Performance

NYSE AEM opened at $163.39 on Friday. The stock has a market cap of $81.77 billion, a PE ratio of 15.36, a P/E/G ratio of 3.60 and a beta of 0.56. 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 twelve month low of $114.60 and a twelve month high of $255.24. The stock has a fifty day simple moving average of $193.89 and a 200-day simple moving average of $194.53.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company’s revenue was up 66.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 EPS. Equities analysts anticipate that Agnico Eagle Mines Limited will post 13.18 earnings per share for the current year.

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.