--- title: "Allworth Financial LP Takes $740,000 Position in Agnico Eagle Mines Limited $AEM" type: "News" locale: "en" url: "https://longbridge.com/en/news/296749623.md" description: "Allworth Financial LP initiated a $740,000 position in Agnico Eagle Mines (AEM) during Q2. Other major institutional investors, including Deutsche Bank and Van Eck, also increased their stakes. AEM recently reported strong quarterly earnings with EPS of $3.05, beating estimates. Analyst ratings vary, ranging from 'Strong Sell' to 'Outperform', with a consensus 'Moderate Buy' rating and an average price target of $226." datetime: "2026-08-24T07:20:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296749623.md) - [en](https://longbridge.com/en/news/296749623.md) - [zh-HK](https://longbridge.com/zh-HK/news/296749623.md) generator: "portal-rs" --- # Allworth Financial LP Takes $740,000 Position in Agnico Eagle Mines Limited $AEM Allworth Financial LP purchased a new position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,771 shares of the mining company's stock, valued at approximately $740,000. Get **Agnico Eagle Mines** alerts: - Why Gold Miners Could Be the Market's Biggest Comeback Story A number of other large investors also recently modified their holdings of the company. Deutsche Bank AG purchased a new stake in Agnico Eagle Mines in the 2nd quarter worth approximately $1,362,158,000. Norges Bank purchased a new position in Agnico Eagle Mines during the fourth quarter worth about $1,367,783,000. Van ECK Associates Corp boosted its position in shares of Agnico Eagle Mines by 21.6% during the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company's stock valued at $2,920,258,000 after acquiring an additional 3,062,705 shares during the last quarter. Alberta Investment Management Corp purchased a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $194,195,000. Finally, Employees Provident Fund Board purchased a new position in shares of Agnico Eagle Mines during the fourth quarter worth about $183,341,000. 68.34% of the stock is currently owned by institutional investors. ## Agnico Eagle Mines Stock Up 0.4% Shares of Agnico Eagle Mines stock opened at $217.02 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86. Agnico Eagle Mines Limited has a 52-week low of $133.80 and a 52-week high of $255.24. The stock has a market capitalization of $110.01 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.69 and a beta of 0.61. The company's 50 day moving average price is $161.03 and its 200-day moving average price is $186.68. - Gold Is Testing Its 200-Day SMA—These 3 Mining Stocks Are the Play Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $0.16. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The company's revenue was up 35.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 11.56 EPS for the current year. ## Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on AEM shares. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a "hold" rating to an "outperform" rating in a research note on Monday, May 4th. Citigroup lowered their price target on Agnico Eagle Mines from $256.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Jefferies Financial Group raised Agnico Eagle Mines from a "hold" rating to a "buy" rating and lifted their price target for the stock from $187.00 to $200.00 in a research note on Monday, July 6th. UBS Group cut their price objective on Agnico Eagle Mines from $210.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. Finally, Zacks Research lowered Agnico Eagle Mines from a "hold" rating to a "strong sell" rating in a research report on Friday, July 17th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $226.00. - 3 Contrarian "Buy the Dip" Picks—and One Area to Avoid **Get Our Latest Report on AEM** ## About Agnico Eagle Mines (Free Report) 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. ## Featured Stories - Five stocks we like better than Agnico Eagle Mines - VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? - 3 Closed-End Funds to Maximize Dividend Payments - Rocket Lab's Sell-Off Is Fading—Is It Finally Safe to Buy? - $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over **Want to see what other hedge funds are holding AEM?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM. *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Agnico Eagle Mines Right Now? Before you consider Agnico Eagle Mines, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agnico Eagle Mines wasn't on the list. While Agnico Eagle Mines currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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