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 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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
125% more first-time investments, than exits
New positions opened: 135 | Existing positions closed: 60
70% more call options, than puts
Call options by funds: $717M | Put options by funds: $422M
17% more capital invested
Capital invested by funds: $20.3B [Q2] → $23.8B (+$3.52B) [Q3]
10% more funds holding
Funds holding: 662 [Q2] → 728 (+66) [Q3]
7% more funds holding in top 10
Funds holding in top 10: 41 [Q2] → 44 (+3) [Q3]
3.29% less ownership
Funds ownership: 62.18% [Q2] → 58.89% (-3.29%) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 202 | Existing positions reduced: 266
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$88
1%
downside
Avg. target
$97
8%
upside
High target
$105
18%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Scotiabank Tanya Jakusconek 57% 1-year accuracy 12 / 21 met price target | 18%upside $105 | Sector Outperform Maintained | 21 Jan 2025 |
Jefferies David Hove 100% 1-year accuracy 1 / 1 met price target | 1%downside $88 | Hold Maintained | 7 Jan 2025 |
Financial journalist opinion
Based on 21 articles about AEM published over the past 30 days
Neutral
Zacks Investment Research
7 hours ago
Agnico Eagle Mines (AEM) Exceeds Market Returns: Some Facts to Consider
The latest trading day saw Agnico Eagle Mines (AEM) settling at $89.23, representing a +0.71% change from its previous close.
Positive
MarketBeat
1 day ago
Gold's Momentum Persists: Leading ETF and 2 Stocks to Watch
The price of gold and the SPDR Gold Shares ETF NYSEARCA: GLD delivered exceptional returns in 2024, with GLD surging over 30%, outperforming the benchmark and broader market. This trend has continued in 2025, with GLD up nearly 3% year-to-date as of Friday's close.
Neutral
PRNewsWire
1 day ago
Agnico Eagle and O3 Mining Issue Final Reminder to Tender to Agnico Eagle's All Cash 58% Premium Offer Expiring January 23, 2025
Offer is expiring on January 23, 2025 Agnico is committed to the Offer at $1.67 in cash, which represents a 58% premium to O3 Mining's closing price on December 11, 2024 39% of outstanding shares of O3 Mining signed lock-up agreements to tender to the Offer Offer unanimously recommended by Board and Special Committee of O3 Mining Questions or Need Assistance? Contact Laurel Hill Advisory Group at 1-877-452-7184 or email assistance@laurelhill.com TORONTO , Jan. 21, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining") provide O3 Mining shareholders with a final reminder to tender to Agnico Eagle's friendly all cash offer to acquire 100% of the common shares of O3 Mining ("Common Shares") at $1.67 per share (the "Offer"), which is expiring on January 23, 2025 at 11:59 pm (EST).
Neutral
PRNewsWire
1 day ago
Agnico Eagle and O3 Mining Issue Final Reminder to Tender to Agnico Eagle's All Cash 58% Premium Offer Expiring January 23, 2025
Offer is expiring on January 23, 2025 Agnico is committed to the Offer at $1.67 in cash, which represents a 58% premium to O3 Mining's closing price on December 11, 2024 39% of outstanding shares of O3 Mining signed lock-up agreements to tender to the Offer Offer unanimously recommended by Board and Special Committee of O3 Mining Questions or Need Assistance? Contact Laurel Hill Advisory Group at 1-877-452-7184 or email assistance@laurelhill.com TORONTO , Jan. 21, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining") provide O3 Mining shareholders with a final reminder to tender to Agnico Eagle's friendly all cash offer to acquire 100% of the common shares of O3 Mining ("Common Shares") at $1.67 per share (the "Offer"), which is expiring on January 23, 2025 at 11:59 pm (EST).
Neutral
GlobeNewsWire
5 days ago
Agnico Eagle's C$1.67 Per Share Offer for O3 Mining Appears to Represent a Significant Discount to independent estimates of Net Present Value
GreenAsh Partners believes that so long as independent shareholders decisively communicate to Agnico Eagle their value assessment of O3 Mining, this should lead to greater consideration by Agnico Eagle that only through a raised takeover offer price will its tender outcomes be optimised GreenAsh Partners believes that so long as independent shareholders decisively communicate to Agnico Eagle their value assessment of O3 Mining, this should lead to greater consideration by Agnico Eagle that only through a raised takeover offer price will its tender outcomes be optimised
Neutral
PRNewsWire
1 week ago
Agnico Eagle and O3 Mining Issues a Reminder to O3 Mining Shareholders to Tender their Shares to Agnico Eagle's All Cash Offer Expiring January 23, 2025
Offer is expiring on January 23, 2025 $1.67 cash offer represents a 58% premium to O3 Mining's closing price on December 11, 2024 Offer unanimously recommended by Board and Special Committee of O3 Mining 39% of outstanding shares of O3 Mining have signed Lock-up Agreements to tender to the Offer Questions or Need Assistance? Contact Laurel Hill Advisory Group at 1-877-452-7184 or email assistance@laurelhill.com TORONTO , Jan. 15, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3"), today sent a letter to shareholders of O3 reminding them to promptly tender their common shares to Agnico's friendly all cash offer of $1.67 per common share.
Neutral
PRNewsWire
1 week ago
Agnico Eagle and O3 Mining Issues a Reminder to O3 Mining Shareholders to Tender their Shares to Agnico Eagle's All Cash Offer Expiring January 23, 2025
Offer is expiring on January 23, 2025 $1.67 cash offer represents a 58% premium to O3 Mining's closing price on December 11, 2024 Offer unanimously recommended by Board and Special Committee of O3 Mining 39% of outstanding shares of O3 Mining have signed Lock-up Agreements to tender to the Offer Questions or Need Assistance? Contact Laurel Hill Advisory Group at 1-877-452-7184 or email assistance@laurelhill.com TORONTO , Jan. 15, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3"), today sent a letter to shareholders of O3 reminding them to promptly tender their common shares in O3 to Agnico's friendly all cash offer of $1.67 per common share.
Positive
Schaeffers Research
1 week ago
3 Gold Mining Stocks to Watch Amid Inflation Data
Barrick Gold Corp (NYSE:GOLD), Agnico Eagle Mines Ltd (NYSE:AEM), and Kinross Gold Corp (NYSE:KGC) shares are higher today, as traders turn to the safe-haven yellow metal amid inflation data.
Positive
Zacks Investment Research
1 week ago
Here's Why Agnico Eagle Mines (AEM) is a Strong Value Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Positive
Zacks Investment Research
1 week ago
Why the Market Dipped But Agnico Eagle Mines (AEM) Gained Today
Agnico Eagle Mines (AEM) closed the most recent trading day at $84.30, moving +1.13% from the previous trading session.
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