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Agnico Eagle Mines
AEM

$64.03
2.45%
 

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 6,689 funds
0
Analysts bullish %
of 3 analysts
0
News positive %
of 18 articles

Fund manager confidence

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

170% more call options, than puts

Call options by funds: $610M | Put options by funds: $226M

8% more capital invested

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

6% more repeat investments, than reductions

Existing positions increased: 209 | Existing positions reduced: 197

4% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 79

0% more funds holding

Funds holding: 601 [Q4 2023] → 604 (+3) [Q1 2024]

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]

Research analyst outlook

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

Low target
$54
16%
downside
Avg. target
$72
12%
upside
High target
$81
27%
upside

3 analyst ratings

positive
67%
neutral
33%
negative
0%
Scotiabank
Tanya Jakusconek
27%upside
$81
Sector Outperform
Maintained
23 May 2024
Citigroup
Alexander Hacking
25%upside
$80
Buy
Maintained
30 Apr 2024
Jefferies
Matthew Murphy
16%downside
$54
Hold
Initiated
29 Feb 2024

Financial journalist opinion

Based on 18 articles about AEM published over the past 30 days