Gabelli Funds LLC Sells 34,239 Shares of Agnico Eagle Mines Limited $AEM

Gabelli Funds LLC trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 17.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,600 shares of the mining company’s stock after selling 34,239 shares during the period. Gabelli Funds LLC’s holdings in Agnico Eagle Mines were worth $32,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEM. Hilltop Holdings Inc. lifted its position in shares of Agnico Eagle Mines by 6.1% during the first quarter. Hilltop Holdings Inc. now owns 4,560 shares of the mining company’s stock worth $926,000 after acquiring an additional 263 shares in the last quarter. Compound Planning Inc. grew its position in shares of Agnico Eagle Mines by 1.8% in the first quarter. Compound Planning Inc. now owns 10,240 shares of the mining company’s stock valued at $2,079,000 after purchasing an additional 185 shares in the last quarter. Liberty One Investment Management LLC purchased a new position in shares of Agnico Eagle Mines in the first quarter valued at $224,000. Bank of Nova Scotia grew its position in shares of Agnico Eagle Mines by 36.0% in the first quarter. Bank of Nova Scotia now owns 1,475,764 shares of the mining company’s stock valued at $299,480,000 after purchasing an additional 390,875 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Agnico Eagle Mines by 42.2% during the 1st quarter. Sei Investments Co. now owns 20,736 shares of the mining company’s stock valued at $4,209,000 after purchasing an additional 6,158 shares during the period. Institutional investors own 68.34% of the company’s stock.

Wall Street Analyst Weigh In

AEM has been the topic of a number of recent research reports. Scotia dropped their price objective on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating on the stock in a report on Friday, July 3rd. ATB Cormark Capital Markets raised Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. Wall Street Zen cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays decreased their price target on Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, UBS Group lowered their price target on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Agnico Eagle Mines Stock Up 0.5%

AEM opened at $145.28 on Friday. The firm has a market capitalization of $73.74 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.60. Agnico Eagle Mines Limited has a one year low of $122.32 and a one year high of $255.24. The company has a fifty day moving average price of $160.44 and a 200-day moving average price of $190.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the business posted $1.53 earnings per share. The firm’s revenue was up 66.1% compared to the same quarter last year. Equities research analysts expect that Agnico Eagle Mines Limited will post 11.83 earnings per share for the current fiscal year.

Trending Headlines about Agnico Eagle Mines

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

• Positive Sentiment: Agnico Eagle announced a C$60 million investment in Cadillac Mines, taking an 11% position in the company. Investors may view this as a strategic move to expand exposure to the Abitibi gold district and to support future growth opportunities. Agnico Eagle Announces Investment in Cadillac Mines Corporation
• Positive Sentiment: The Cadillac Mines IPO was upsized, suggesting strong demand around the deal and potentially validating Agnico Eagle’s decision to buy in early. That could be seen as a constructive capital allocation move if the project advances successfully. Cadillac Mines Upsizes IPO to $385 Million as Agnico Eagle Takes 11% Position
• Neutral Sentiment: Several articles focused on upcoming Q2 results and Wall Street metric previews, which keeps attention on Agnico Eagle’s operating performance, costs, and cash flow, but these pieces did not provide a fresh earnings result.
• Negative Sentiment: Analysts have cut earnings estimates for 2026 as gold prices retreat, raising concerns that softer bullion prices could pressure Agnico Eagle’s growth assumptions and margins. Do Agnico Eagle Mines’ Earnings Cuts Reveal Fragility In Its Gold Price Assumptions?
• Negative Sentiment: Technical and sentiment-focused coverage from Zacks labeled AEM a “Bear of the Day” and said the stock is facing a weaker outlook, which may add to near-term caution among traders. Bear of the Day: Agnico Eagle Mines (AEM)

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.