Allianz Asset Management Adds $21M in Agnico Eagle Mines Limited ($AEM)

Allianz Asset Management has increased its holdings in Agnico Eagle Mines Limited (NYSE:AEM) by 26.67%, according to the latest Form 13F filing with the SEC. The firm added 120,566 shares, bringing its total to 572,612 shares valued at approximately $100.22 million. This filing reflects holdings as of the most recent reporting period and may not represent the investor's current position.

What Changed in Allianz Asset Management's Agnico Eagle Mines Position

Allianz Asset Management boosted its position in Agnico Eagle Mines Limited by 26.67%, adding 120,566 shares to its portfolio. The firm now holds 572,612 shares, up from 452,046 shares, with the current stake valued at around $100.22 million.

Other Institutional Activity in Agnico Eagle Mines

Several other institutional investors also adjusted their positions in Agnico Eagle Mines. Capital World Investors grew its holdings by 288,030 shares, resulting in a total of 21,626,307 shares worth about $4.39 billion. Van Eck Associates Corp significantly increased its position by 3,987,799 shares, ending with 21,213,276 shares valued at approximately $4.31 billion. FMR LLC reduced its stake by 777,659 shares, now holding 19,577,184 shares valued at $3.97 billion. Meanwhile, Royal Bank of Canada added 372,105 shares, bringing its total to 15,031,299 shares worth around $3.05 billion.

Agnico Eagle Mines Stock Snapshot

Shares of Agnico Eagle Mines Limited (NYSE:AEM) traded near $175.03. The company has a market cap of about $85.91 billion and a P/E ratio of 16.18. Agnico Eagle has a beta of 0.566, indicating lower volatility than the market. The stock's 52-week range is between $114.60 and $255.24, with a 50-day moving average of $188.96 and a 200-day moving average of $184.42. The company maintains a strong current ratio of 3.15 and a quick ratio of 2.03, with a debt-to-equity ratio of 1.22.

Recent Earnings

Agnico Eagle Mines reported revenues of $13.54 billion, with a revenue growth rate of 66.1%. The company's net margin stood at 39.46% and return on equity was 22.30%. The next earnings release is scheduled for July 29, 2026.

Dividend

Agnico Eagle Mines pays an annual dividend rate of $1.80, yielding 1.05%. The dividend payout ratio is 15.54%, indicating a conservative payout policy.

Analysts Set New Price Targets

On May 26, 2026, CIBC maintained its 'buy' rating on Agnico Eagle Mines with a price target of $310. Barclays initiated coverage with a 'buy' rating and a $213 target on May 22, 2026. JP Morgan maintained a 'hold' rating with targets of $302 and $222 on May 5 and May 4, 2026, respectively. The consensus among analysts is a 'buy', with a mean target price of $249.60 based on 15 analyst opinions.

About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is a gold mining company based in Toronto, Canada. It engages in the exploration, development, and production of precious metals, including gold, silver, copper, and zinc. The company operates mines in Canada, Australia, Finland, and Mexico, with exploration and development activities across several continents. Agnico Eagle was founded in 1953 and is led by CEO Ammar Al-Joundi.

Bottom Line

Allianz Asset Management's increased investment in Agnico Eagle Mines Limited signals a positive outlook on the company's performance. Investors often track 13F filings to gauge institutional sentiment, though these filings are backward-looking and may not reflect current positions. Agnico Eagle's robust financial performance and positive analyst ratings further underscore its market position.