Lazard Asset Management LLC Reduces Holdings in Agnico Eagle Mines Limited $AEM

Lazard Asset Management LLC reduced its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 825,276 shares of the mining company’s stock after selling 96,238 shares during the period. Lazard Asset Management LLC’s holdings in Agnico Eagle Mines were worth $167,543,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the fourth quarter worth $26,000. Lodestone Wealth Management LLC purchased a new stake in Agnico Eagle Mines during the 4th quarter worth about $35,000. Jessup Wealth Management Inc acquired a new position in Agnico Eagle Mines in the 4th quarter valued at about $35,000. Bangor Savings Bank purchased a new position in Agnico Eagle Mines in the 4th quarter valued at about $37,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

More Agnico Eagle Mines News

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 Stock Performance

NYSE:AEM opened at $145.28 on Monday. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. The company has a market cap of $73.74 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.21 and a beta of 0.60. Agnico Eagle Mines Limited has a fifty-two week low of $122.32 and a fifty-two week high of $255.24. The firm’s 50 day moving average is $160.44 and its two-hundred day moving average is $190.56.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Scotiabank lowered their price target on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce set a $285.00 price target on Agnico Eagle Mines in a report on Thursday, July 16th. Weiss Ratings lowered Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. UBS Group decreased their price objective on Agnico Eagle Mines from $210.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Finally, Bank of America dropped their target price on Agnico Eagle Mines from $302.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

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.