Saturna Capital Corp Has $4.14 Million Stock Holdings in Agnico Eagle Mines Limited $AEM

Saturna Capital Corp reduced its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 20.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,388 shares of the mining company’s stock after selling 5,343 shares during the period. Saturna Capital Corp’s holdings in Agnico Eagle Mines were worth $4,138,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Agnico Eagle Mines during the 4th quarter worth approximately $1,367,783,000. Van ECK Associates Corp boosted its holdings in Agnico Eagle Mines by 21.6% in the fourth quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock worth $2,920,258,000 after acquiring an additional 3,062,705 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $194,195,000. Employees Provident Fund Board bought a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at approximately $183,341,000. Finally, Auto Owners Insurance Co increased its holdings in shares of Agnico Eagle Mines by 16,853.0% during the fourth quarter. Auto Owners Insurance Co now owns 915,462 shares of the mining company’s stock valued at $15,520,000 after acquiring an additional 910,062 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Key Stories Impacting Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

• Negative Sentiment: JPMorgan lowered its price target on Agnico Eagle Mines from $222 to $175 and kept a neutral rating, signaling less upside than before and pressuring investor expectations. Benzinga report on JPMorgan price target cut
• Negative Sentiment: Zacks added AEM to its Rank #5 “Strong Sell” list, which can weigh on the stock because it reflects weakening near-term earnings sentiment. Yahoo Finance/Zacks Strong Sell article
• Negative Sentiment: Another Zacks article repeated the Strong Sell designation, reinforcing the cautious analyst tone around AEM. Zacks Strong Sell article
• Neutral Sentiment: Separately, a Seeking Alpha piece argued Agnico Eagle remains undervalued and could benefit from its Finland expansion, highlighting long-term growth potential rather than a near-term catalyst. Seeking Alpha Agnico Eagle Finland expansion article
• Neutral Sentiment: Broader commentary on gold miners suggested the group may be undervalued relative to gold prices, but this was industry-wide and not specific to AEM’s immediate fundamentals. MarketBeat gold miners article

Agnico Eagle Mines Price Performance

Shares of NYSE:AEM opened at $141.55 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. The stock has a market cap of $71.85 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.84 and a beta of 0.60. The stock’s fifty day simple moving average is $163.09 and its two-hundred day simple moving average is $191.11. Agnico Eagle Mines Limited has a 1-year low of $122.32 and a 1-year high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. The firm’s revenue for the quarter was up 66.1% on a year-over-year basis. As a group, analysts forecast that Agnico Eagle Mines Limited will post 12.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Agnico Eagle Mines from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Canadian Imperial Bank of Commerce set a $285.00 price objective on shares of Agnico Eagle Mines in a report on Thursday, July 16th. Weiss Ratings cut shares of Agnico Eagle Mines from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research report on Monday, May 4th. Finally, Scotiabank lowered their target price on shares of Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.00.

Agnico Eagle Mines Company Profile

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.