Chase Investment Counsel Corp Buys Shares of 30,367 Agnico Eagle Mines Limited $AEM

Chase Investment Counsel Corp bought a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 30,367 shares of the mining company’s stock, valued at approximately $4,710,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEM. Acumen Wealth Advisors LLC purchased a new position in Agnico Eagle Mines during the 4th quarter valued at $26,000. Jessup Wealth Management Inc purchased a new stake in Agnico Eagle Mines in the fourth quarter worth $35,000. University of Texas Texas AM Investment Management Co. lifted its position in shares of Agnico Eagle Mines by 64.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 229 shares of the mining company’s stock worth $39,000 after purchasing an additional 90 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $39,000. Finally, Horizon Investments LLC boosted its stake in shares of Agnico Eagle Mines by 129.6% during the third quarter. Horizon Investments LLC now owns 248 shares of the mining company’s stock valued at $42,000 after purchasing an additional 140 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.

Agnico Eagle Mines Price Performance

AEM opened at $186.32 on Monday. The company has a market capitalization of $94.45 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.32 and a beta of 0.61. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a 12-month low of $130.04 and a 12-month high of $255.24. The business’s fifty day simple moving average is $156.67 and its 200-day simple moving average is $186.84.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released 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 firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. On average, equities research analysts anticipate that Agnico Eagle Mines Limited will post 11.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank Of Canada cut their price target on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Wall Street Zen lowered shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. UBS Group lowered their price objective on shares of Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Bank of America dropped their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.00.

Key Headlines Impacting Agnico Eagle Mines

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

• Positive Sentiment: Gold prices reached their highest level in more than two months on August 13, improving the outlook for large precious-metals producers. Higher bullion prices can increase Agnico Eagle’s realized prices and the value of its future production. Why Agnico Eagle Mines (AEM) Stock Is Up Today
• Positive Sentiment: Agnico Eagle’s second-quarter 2026 results highlighted record free cash flow of $1.335 billion, net income of $1.6 billion and operating cash flow of $2.144 billion. The company also returned $625 million to shareholders through dividends and share repurchases, reinforcing its leverage to elevated gold prices and its shareholder-return strategy.
• Positive Sentiment: Recent analyst targets remain above the stock’s referenced trading level, with a six-month median target of $210 and several targets ranging from $200 to $310. These targets suggest some analysts still see upside if gold prices and production remain supportive.
• Neutral Sentiment: Institutional positioning was mixed: 442 investors added shares while 616 reduced positions in their latest reported quarters. Large purchases by VanEck and JPMorgan were offset by sizable reductions from FMR, FIL, Arrowstreet and TD Asset Management.
• Negative Sentiment: Zacks Research lowered its EPS forecasts across late 2026, 2027 and early 2028, including reducing its FY2026 estimate to $11.65 from $12.79 and FY2027 to $10.62 from $12.82. Zacks maintained a “Strong Sell” rating, signaling concern about future earnings momentum.
• Negative Sentiment: A July 1 wall movement at the Barnat pit reduced production expectations toward the low end of Agnico Eagle’s 2026 guidance. Although there were no injuries, Odyssey’s outlook was unchanged and stockpiles are mitigating the impact, the event remains a production risk.

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.