12,197 Shares in Agnico Eagle Mines Limited $AEM Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,197 shares of the mining company’s stock, valued at approximately $2,476,000.

Other institutional investors have also recently made changes to their positions in the company. Hilltop Holdings Inc. lifted its position in Agnico Eagle Mines by 6.1% during the first quarter. Hilltop Holdings Inc. now owns 4,560 shares of the mining company’s stock valued at $926,000 after buying an additional 263 shares during the period. Compound Planning Inc. increased its stake in shares of Agnico Eagle Mines by 1.8% in the 1st quarter. Compound Planning Inc. now owns 10,240 shares of the mining company’s stock worth $2,079,000 after acquiring an additional 185 shares in the last quarter. Liberty One Investment Management LLC purchased a new position in Agnico Eagle Mines during the 1st quarter valued at about $224,000. Bank of Nova Scotia lifted its position in Agnico Eagle Mines by 36.0% during the 1st quarter. Bank of Nova Scotia now owns 1,475,764 shares of the mining company’s stock valued at $299,480,000 after acquiring an additional 390,875 shares during the period. Finally, Sei Investments Co. boosted its stake in Agnico Eagle Mines by 42.2% during the first quarter. Sei Investments Co. now owns 20,736 shares of the mining company’s stock worth $4,209,000 after acquiring an additional 6,158 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group decreased their target price on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Scotia cut their price target on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 3rd. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Royal Bank Of Canada reduced their price objective on Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating for the company in a research report on Thursday, July 9th. Finally, TD raised their price target on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus price target of $226.00.

Agnico Eagle Mines Stock Up 0.0%

AEM opened at $178.86 on Monday. The stock has a market capitalization of $90.64 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 2.20 and a beta of 0.61. The firm has a 50 day moving average price of $155.72 and a 200-day moving average price of $187.85. Agnico Eagle Mines Limited has a twelve month low of $130.04 and a twelve month high of $255.24. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.16. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. Equities research analysts forecast that Agnico Eagle Mines Limited will post 11.69 earnings per share for the current year.

Trending Headlines about Agnico Eagle Mines

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

• Positive Sentiment: Higher gold prices are providing the main sector-wide catalyst for AEM. Gold miners are increasingly viewed as a potential hedge against inflation and a possible beneficiary of lower interest rates. Gold’s Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Options activity was notably bullish: investors purchased 11,563 AEM call options, 69% above the average call volume of 6,842. This suggests increased speculative interest in further upside, although options activity is not a guarantee of future performance.
• Positive Sentiment: Scotiabank raised its FY2027 earnings-per-share forecast for AEM to $10.87 from $10.82, while maintaining a “Sector Outperform” rating and a $260 price target. The revised estimate adds to the positive analyst backdrop, even though it remains below the broader current-year consensus estimate of $11.69 per share.
• Positive Sentiment: Recent coverage has highlighted AEM as a prominent beneficiary of bullion’s move toward record levels, increasing visibility for the company among investors seeking exposure to precious-metals producers. Is Agnico Eagle Rising As Gold Trades Near Records Today?

About Agnico Eagle Mines

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.