Agnico Eagle Mines Limited $AEM Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 55,426 shares of the mining company’s stock after purchasing an additional 5,209 shares during the quarter. HighTower Advisors LLC’s holdings in Agnico Eagle Mines were worth $8,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG bought a new position in Agnico Eagle Mines in the 2nd quarter worth approximately $1,362,158,000. Norges Bank bought a new stake in Agnico Eagle Mines during the 4th quarter valued at $1,367,783,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Agnico Eagle Mines during the 2nd quarter valued at $927,602,000. Bank of America Corp DE bought a new stake in Agnico Eagle Mines during the 2nd quarter valued at $844,096,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Agnico Eagle Mines during the 2nd quarter worth $608,054,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Down 3.1%

AEM opened at $196.32 on Friday. Agnico Eagle Mines Limited has a one year low of $134.38 and a one year high of $255.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86. The stock’s fifty day moving average is $173.49 and its 200-day moving average is $186.27. The company has a market capitalization of $99.52 billion, a PE ratio of 16.79, a P/E/G ratio of 2.51 and a beta of 0.67.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.16. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The company’s revenue was up 35.0% on a year-over-year basis. On average, equities analysts predict that Agnico Eagle Mines Limited will post 11.58 EPS for the current fiscal year.

Key Agnico Eagle Mines News

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

• Positive Sentiment: Strong fundamentals support longer-term upside. An analysis highlighted robust first-half 2026 results, upgraded revenue and adjusted-income estimates, and attractive forward valuation multiples despite risks to gold prices from potentially higher interest rates. Agnico Eagle Mines: Continued Upside Despite Risks To The Price Of Gold
• Positive Sentiment: Record cash generation and a strong balance sheet remain key catalysts. Commentary cited second-quarter free cash flow of approximately $1.34 billion, margins above $3,000 per ounce and a net cash position of about $3.27 billion. Finland asset consolidation and targeted investments could support 20%–30% long-term production growth. Agnico Eagle: The Best Gold Miner Just Went On Sale Again
• Positive Sentiment: Asset monetization and renewable-power development could improve capital allocation. AEM agreed to sell its Delta and Helm Bay projects to Vizsla Copper for C$32 million in shares while retaining royalties and potential milestone payments. Separately, a C$20 million Canada Infrastructure Bank loan is advancing an Inuit-led wind project intended to supply AEM’s Hope Bay operation, potentially reducing diesel dependence. Agnico Eagle to Sell Delta and Helm Bay Projects to Vizsla Copper

Analyst Ratings Changes

Several research analysts have recently issued reports on AEM shares. Weiss Ratings cut Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Wall Street Zen cut shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Bank of America cut their price objective on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada reduced 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 report on Thursday, July 9th. Finally, Scotiabank decreased their target price on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.

About Agnico Eagle Mines

Agnico Eagle Mines Limited is a Canadian-based gold mining company engaged in the exploration, development and production of gold and other mineral resources. The company’s primary product is gold, with silver and other byproducts also recovered from certain operations. Its activities include operating mines, advancing development projects and conducting exploration to expand and replace mineral reserves.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s major gold producers.