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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
94% more first-time investments, than exits
New positions opened: 134 | Existing positions closed: 69
73% more call options, than puts
Call options by funds: $701M | Put options by funds: $406M
17% more capital invested
Capital invested by funds: $20.1B [Q2] → $23.5B (+$3.48B) [Q3]
10% more funds holding
Funds holding: 662 [Q2] → 727 (+65) [Q3]
7% more funds holding in top 10
Funds holding in top 10: 41 [Q2] → 44 (+3) [Q3]
3.27% less ownership
Funds ownership: 61.56% [Q2] → 58.29% (-3.27%) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 202 | Existing positions reduced: 266
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$85
9%
upside
Avg. target
$85
9%
upside
High target
$85
9%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Jefferies Matthew Murphy 29% 1-year accuracy 2 / 7 met price target | 9%upside $85 | Hold Maintained | 4 Oct 2024 |
Financial journalist opinion
Based on 24 articles about AEM published over the past 30 days
Neutral
PRNewsWire
3 days ago
Agnico Eagle Commences Friendly All-Cash Offer to Acquire O3 Mining
All cash offer of $1.67 per share representing a 58% premium to O3 Mining's closing price on December 11, 2024 Offer unanimously recommended by Board and Special Committee of O3 Mining and supported by shareholders representing 39% of outstanding shares of O3 Mining Shareholders should tender by 11:59 p.m. (EST) on January 23, 2025 to take advantage of the significant offer (All amounts expressed in Canadian dollars unless otherwise noted) TORONTO , Dec. 19, 2024 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining") are pleased to jointly announce that Agnico Eagle, through a wholly-owned subsidiary, has commenced its offer to acquire all of the issued and outstanding common shares of O3 Mining (the "Common Shares") not already owned, directly or indirectly, by Agnico Eagle for $1.67 in cash per Common Share, pursuant to a friendly, board-supported take-over bid (the "Offer") by delivering the Offer and take-over bid circular to O3 Mining shareholders.
Neutral
PRNewsWire
3 days ago
Agnico Eagle Commences Friendly All-Cash Offer to Acquire O3 Mining
All cash offer of $1.67 per share representing a 58% premium to O3 Mining's closing price on December 11, 2024 Offer unanimously recommended by Board and Special Committee of O3 Mining and supported by shareholders representing 39% of outstanding shares of O3 Mining Shareholders should tender by 11:59 p.m. (EST) on January 23, 2025 to take advantage of the significant offer (All amounts expressed in Canadian dollars unless otherwise noted) TORONTO , Dec. 19, 2024 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining") are pleased to jointly announce that Agnico Eagle, through a wholly-owned subsidiary, has commenced its offer to acquire all of the issued and outstanding common shares of O3 Mining (the "Common Shares") not already owned, directly or indirectly, by Agnico Eagle for $1.67 in cash per Common Share, pursuant to a friendly, board-supported take-over bid (the "Offer") by delivering the Offer and take-over bid circular to O3 Mining shareholders.
Positive
Zacks Investment Research
4 days ago
Why Agnico Eagle Mines (AEM) is a Top Growth Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Positive
Zacks Investment Research
5 days ago
Agnico Eagle Mines Inks Deal to Buy O3 Mining in Friendly Transaction
The offer of AEM is worth approximately $204 million on a fully diluted in-the-money basis.
Positive
Seeking Alpha
1 week ago
Agnico Eagle Mines: Unmoved Price Is A Buying Opportunity
Agnico Eagle Mines Limited's stock price hasn't risen in the recent months owing to lacklustre gold prices, as tracked by SPDR Gold Shares ETF. Despite this, however, AEM's fundamentals support the stock's continued attractiveness. Its robust financials have led to upgraded projections and competitive market multiples. While there could be a drag on earnings next year due to its recent acquisition of O3 Mining, it's not enough to weaken the case for AEM.
Positive
Seeking Alpha
1 week ago
Agnico Eagle: The Golden Goose Of Mining Stocks
Agnico Eagle Mines excels with strategic acquisitions, cost control, and strong free cash flow, making it a top-tier gold miner with long-term growth potential. The recent C$204 million acquisition of Canadian O3 Mining enhances its footprint and offers significant synergy opportunities. Despite gold price volatility and geopolitical risks, Agnico Eagle's operations in low-risk jurisdictions and consistent production growth are impressive.
Neutral
PRNewsWire
1 week ago
Agnico Eagle and O3 Mining Welcome Gold Fields' Support of Their Friendly Premium Transaction
(All amounts expressed in Canadian dollars unless otherwise noted) TORONTO , Dec. 12, 2024 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining") are pleased to jointly announce that Gold Fields Limited, through a 100% indirect Canadian subsidiary ("Gold Fields"), O3 Mining's largest shareholder, has agreed to a lock-up agreement with Agnico Eagle to tender its common shares of O3 Mining ("Common Shares") into Agnico Eagle's offer to acquire all of the outstanding Common Shares for $1.67 per Common Share in cash by way of a take-over bid (the "Offer"). See O3 Mining and Agnico Eagle's joint news release of December 12, 2024 for a detailed description of the Offer.
Neutral
PRNewsWire
1 week ago
Agnico Eagle and O3 Mining Welcome Gold Fields' Support of Their Friendly Premium Transaction
(All amounts expressed in Canadian dollars unless otherwise noted) TORONTO , Dec. 12, 2024 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining") are pleased to jointly announce that Gold Fields Limited, through a 100% indirect Canadian subsidiary ("Gold Fields"), O3 Mining's largest shareholder, has agreed to a lock-up agreement with Agnico Eagle to tender its common shares of O3 Mining ("Common Shares") into Agnico Eagle's offer to acquire all of the outstanding Common Shares for $1.67 per Common Share in cash by way of a take-over bid (the "Offer"). See O3 Mining and Agnico Eagle's joint news release of December 12, 2024 for a detailed description of the Offer.
Positive
Proactive Investors
1 week ago
Agnico Eagle to acquire O3 Mining at a premium in all-cash deal
Agnico Eagle Mines Ltd (TSX:AEM) announced it is acquiring O3 Mining Inc (TSX-V:OIII, OTCQX:OIIIF) in an all-cash deal valued at approximately $204 million. It will acquire the company for $1.67 per share, representing a 57% premium to the volume-weighted average price of O3 Mining's shares for the 20 days ending December 11, 2024.
Neutral
Kitco
1 week ago
Agnico Eagle to buy O3 mining in $204 all-cash deal
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
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