Agnico Eagle Mines (AEM)

• Market cap: $61.1B
• 1 day: -0.82%
• 5 days: 4.59%
• 1 month: 15.44%
• 3 months: 42.93%
• 6 months: 47.88%
• Year to date: 48.23%
• 1 year: 94.48%
• 5 years: 125.56%
• 10 years: 301.49%
• Sector: Materials
• Industry: Gold

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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

39% more call options, than puts

Call options by funds: $634M | Put options by funds: $455M

34% more first-time investments, than exits

New positions opened: 111 | Existing positions closed: 83

2% more funds holding

Funds holding: 731 [Q3] → 747 (+16) [Q4]

1.83% more ownership

Funds ownership: 59.64% [Q3] → 61.46% (+1.83%) [Q4]

0% more capital invested

Capital invested by funds: $24.1B [Q3] → $24.2B (+$66M) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 45 [Q3] → 45 (+0) [Q4]

4% less repeat investments, than reductions

Existing positions increased: 243 | Existing positions reduced: 253

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $115 5% downside
• Avg. target: $126 3% upside
• High target: $142 17% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Scotiabank Tanya Jakusconek 92% 1-year accuracy 24 / 26 met price target	4% upside $126	Sector Outperform Maintained	14 Apr 2025
UBS Daniel Major 87% 1-year accuracy 13 / 15 met price target	5% downside $115	Neutral Maintained	11 Apr 2025
B of A Securities	17% upside $142	Buy Maintained	8 Apr 2025
Raymond James Craig Stanley 100% 1-year accuracy 3 / 3 met price target	7% upside $130	Outperform Maintained	4 Apr 2025
RBC Capital Josh Wolfson 100% 1-year accuracy 10 / 10 met price target	5% downside $115	Outperform Maintained	4 Apr 2025