Bank of America Cuts Agnico Eagle Mines (NYSE:AEM) Price Target to $240.00

Posted by Grant Hamersma on Jul 9th, 2026

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) had its target price dropped by Bank of America from $302.00 to $240.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the mining company’s stock. Bank of America‘s price objective would suggest a potential upside of 65.71% from the company’s previous close.

Several other equities analysts have also recently commented on the company. Zacks Research cut Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Jefferies Financial Group upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating and lifted their price target for the stock from $187.00 to $200.00 in a research note on Monday. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a report on Monday, May 4th. UBS Group decreased 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 report on Tuesday, June 30th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Agnico Eagle Mines from C$304.00 to C$310.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $237.92.

View Our Latest Report on AEM

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $144.83 on Thursday. Agnico Eagle Mines has a 12 month low of $115.19 and a 12 month high of $255.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. The firm has a market capitalization of $73.51 billion, a P/E ratio of 13.61, a P/E/G ratio of 3.31 and a beta of 0.60. The company’s fifty day moving average price is $171.61 and its two-hundred day moving average price is $193.34.

Agnico Eagle Mines (NYSE:AEM – Get Free Report) (TSE:AEM) last announced its earnings results 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 business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the company earned $1.53 earnings per share. The company’s revenue for the quarter was up 66.1% compared to the same quarter last year. On average, research analysts anticipate that Agnico Eagle Mines will post 13.15 earnings per share for the current fiscal year.

Institutional Trading of Agnico Eagle Mines

Institutional investors and hedge funds have recently modified their holdings of the business. Salvus Wealth Management LLC grew its position in shares of Agnico Eagle Mines by 0.9% during the 4th quarter. Salvus Wealth Management LLC now owns 6,301 shares of the mining company’s stock valued at $1,068,000 after buying an additional 57 shares during the last quarter. Brookwood Investment Group LLC boosted its stake in Agnico Eagle Mines by 4.5% in the fourth quarter. Brookwood Investment Group LLC now owns 1,361 shares of the mining company’s stock valued at $231,000 after acquiring an additional 58 shares during the period. Baron Wealth Management LLC grew its holdings in shares of Agnico Eagle Mines by 3.2% during the fourth quarter. Baron Wealth Management LLC now owns 1,879 shares of the mining company’s stock valued at $319,000 after purchasing an additional 59 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Agnico Eagle Mines by 1.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,266 shares of the mining company’s stock valued at $893,000 after purchasing an additional 59 shares during the last quarter. Finally, Baker Ellis Asset Management LLC raised its position in shares of Agnico Eagle Mines by 0.8% during the 4th quarter. Baker Ellis Asset Management LLC now owns 7,550 shares of the mining company’s stock worth $1,280,000 after purchasing an additional 63 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Agnico Eagle Mines

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

Positive Sentiment: Analysts highlighted that AEM is using strong cash flow to boost dividends, expand share buybacks, and support higher shareholder returns while still funding growth and reducing debt. Can Agnico Eagle Drive Even Higher Shareholder Returns Ahead?
Positive Sentiment: Barclays reportedly maintained a constructive view with a new $210 price target, suggesting upside from current levels. Agnico Eagle Mines Given New $210.00 Price Target at Barclays
Neutral Sentiment: Renforth Resources said it started drilling its Victoria polymetallic deposit in Quebec, located near Agnico Eagle’s Canadian Malartic and LaRonde assets; this is more of a regional mining update than a direct catalyst for AEM. Renforth Resources Commences Drill Program…
Neutral Sentiment: Some commentary argued AEM’s recent weakness may be overdone and that macro pressures have already played out, though concerns remain about valuation and the gold price backdrop. Agnico Eagle Mines: Recent Downturn Is Overdone, But There Is A Catch
Negative Sentiment: Scotiabank cut its FY2026 EPS estimate for AEM to $11.81 from $12.16, implying slightly weaker near-term earnings expectations. Scotiabank lowered FY2026 EPS estimates
Negative Sentiment: Scotiabank also lowered FY2027 EPS estimates to $11.45 from $12.09, adding to sentiment pressure on the stock. Scotiabank lowered FY2027 EPS estimates
Negative Sentiment: Recent coverage noted AEM has suffered a larger drop than the broader market, reflecting short-term selling pressure in the shares. Agnico Eagle Mines Suffers a Larger Drop Than the General Market

Agnico Eagle Mines Company Profile

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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.