Agnico Eagle Mines
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 sold around 3.4 million gold ounces in 2024 and had about 15 years of gold reserves at end 2024. 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: 16,968
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
113% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 64
61% more call options, than puts
Call options by funds: $991M | Put options by funds: $617M
40% more capital invested
Capital invested by funds: $24.2B [Q4 2024] → $33.8B (+$9.67B) [Q1 2025]
38% more funds holding in top 10
Funds holding in top 10: 45 [Q4 2024] → 62 (+17) [Q1 2025]
7% more funds holding
Funds holding: 749 [Q4 2024] → 804 (+55) [Q1 2025]
0.36% more ownership
Funds ownership: 61.49% [Q4 2024] → 61.85% (+0.36%) [Q1 2025]
11% less repeat investments, than reductions
Existing positions increased: 252 | Existing positions reduced: 284
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Scotiabank Tanya Jakusconek | 1%upside $126 | Sector Outperform Maintained | 14 Apr 2025 |
UBS Daniel Major | 8%downside $115 | Neutral Maintained | 11 Apr 2025 |
B of A Securities | 14%upside $142 | Buy Maintained | 8 Apr 2025 |
Raymond James Craig Stanley | 4%upside $130 | Outperform Maintained | 4 Apr 2025 |
RBC Capital Josh Wolfson | 8%downside $115 | Outperform Maintained | 4 Apr 2025 |
Financial journalist opinion
Based on 24 articles about AEM published over the past 30 days
