Agnico Eagle Mines
AEM

$73.40

0.49%

Market Cap: 36.6B

About: Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.

Employees: 10,447

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 6 analysts

0

News positive %

of 34 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

150% more call options, than puts

Call options by funds: $692M | Put options by funds: $277M

8% more capital invested

Capital invested by funds: $16.7B [Q4 2023] → $17.9B (+$1.26B) [Q1 2024]

1% more funds holding

Funds holding: 600 [Q4 2023] → 606 (+6) [Q1 2024]

8% more first-time investments, than exits

New positions opened: 84 | Existing positions closed: 78

6% more repeat investments, than reductions

Existing positions increased: 209 | Existing positions reduced: 197

1.34% less ownership

Funds ownership: 61.49% [Q4 2023] → 60.15% (-1.34%) [Q1 2024]

10% less funds holding in top 10

Funds holding in top 10: 39 [Q4 2023] → 35 (-4) [Q1 2024]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$54

26%

downside

Avg. target

$77

4%

upside

High target

$101

38%

upside

6 analyst ratings

4 positive

67%

2 neutral

33%

0 negative

0%

Jefferies Matthew Murphy	10%downside $66	Hold Maintained	12 Jul 2024
CIBC Anita Soni	38%upside $101	Outperformer Maintained	10 Jul 2024
BMO Capital Jackie Przybylowski	5%upside $77	Outperform Maintained	20 Jun 2024
Scotiabank Tanya Jakusconek	10%upside $81	Sector Outperform Maintained	23 May 2024
Citigroup Alexander Hacking	9%upside $80	Buy Maintained	30 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 34 articles about AEM published over the past 30 days

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Zacks Investment Research

Agnico Eagle Mines (AEM) Earnings Expected to Grow: Should You Buy?

Agnico (AEM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Agnico Eagle Mines (AEM) Earnings Expected to Grow: Should You Buy?

Zacks Investment Research

Why Agnico Eagle Mines (AEM) is a Top Growth Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Why Agnico Eagle Mines (AEM) is a Top Growth Stock for the Long-Term

Zacks Investment Research

5 Gold Stocks Set to Outshine Earnings Estimates in Q2

Benefitting from high gold prices and cost-saving actions, Agnico Eagle Mines (AEM), Barrick Gold (GOLD), Kinross Gold (KGC), Royal Gold (RGLD) and IAMGOLD (IAG) will likely beat Q2 earnings estimates.

5 Gold Stocks Set to Outshine Earnings Estimates in Q2

Rising Production, Earnings Have Agnico Eagle Striking Gold

Gold has been on fire recently, and Canadian gold miner Agnico Eagle Mines Limited (AEM) has been along for the ride.

Rising Production, Earnings Have Agnico Eagle Striking Gold

Zacks Investment Research

Agnico Eagle Mines (AEM) Ascends But Remains Behind Market: Some Facts to Note

Agnico Eagle Mines (AEM) closed at $74.76 in the latest trading session, marking a +0.8% move from the prior day.

Agnico Eagle Mines (AEM) Ascends But Remains Behind Market: Some Facts to Note

Capella Provides Scandinavian Project Portfolio Update

VANCOUVER, BC , July 22, 2024 /PRNewswire/ - Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) ("Capella" or the "Company") is pleased to provide the following update as we focus on our Scandinavian project portfolio, following the regaining of a 100% interest in its high-grade copper-cobalt-zinc projects in the Løkken and Røros mining districts, central Norway, and including the drill-ready targets at Åmot and Hessjøgruva (see Company News Release dated July 19, 2024). The Company's project portfolio was also streamlined during H1, 2024, with the divestiture of two non-core assets in the Americas (the Savant project in Ontario, Canada, and the Sierra Blanca project in Santa Cruz, Argentina), with discussions on strategic alternatives for the Domain project in Manitoba, Canada, also underway with JV partner Agnico Eagle Mines Ltd (TSX/NYSE: AEM).

Capella Provides Scandinavian Project Portfolio Update

5 Reasons Agnico Eagle Mines Remains A Buy

Agnico Eagle Mines has seen a 20% price increase in the past quarter, but its uptick appears hardly over yet. Besides benefiting from rising gold prices, the company's production levels are healthy, resulting in superior revenue growth and upgraded financial projections. Even its market multiples still indicate the possibility of significant further upside ahead. There's also a possibility of higher dividends moving forward.

5 Reasons Agnico Eagle Mines Remains A Buy

Capella Announces Termination of Agreement with Polar Transition for the Sale of its Central Norway Copper Assets

VANCOUVER, BC , July 19, 2024 /PRNewswire/ - Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) ("Capella" or the "Company") announces that the Company and Polar Transition Minerals AS ("Polar"; formerly NickelX AS), following the elapse of the long stop date, have agreed an immediate termination of the asset sale agreement (the "Transaction") as previously announced on October 17, 2023 and subsequently amended on April 9, 2024. Under such Transaction, Polar would have acquired Capella's central Norway copper portfolio by the agreed long stop date of July 7, 2024.

Capella Announces Termination of Agreement with Polar Transition for the Sale of its Central Norway Copper Assets

Zacks Investment Research

Zacks Industry Outlook Agnico Eagle, Franco-Nevada, Royal Gold, Eldorado Gold and New Gold

Agnico Eagle, Franco-Nevada, Royal Gold, Eldorado Gold and New Gold have been highlighted in this Industry Outlook article.

Zacks Industry Outlook Agnico Eagle, Franco-Nevada, Royal Gold, Eldorado Gold and New Gold

See News Rankings