Amundi 13F: Adds $24M to Agnico Eagle Mines (AEM) Stake
Amundi has boosted its holdings in Agnico Eagle Mines, reflecting confidence in the gold mining company's prospects.
Reviewed by automated data checks against the source filing. How we make and check alerts
Amundi added 155,185 shares to its stake in Agnico Eagle Mines Limited ($AEM), a 4.59% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 3,533,877 shares worth $536.05 million at the end of the quarter.
Since the filing, $AEM is up 0.8% after 1 week, down 3.2% after 1 month and up 6.3% to date (from the $178.37 close on May 18, 2026).
AEM
Agnico Eagle Mines Limited
Key Points
- Amundi increased its position in Agnico Eagle Mines Limited (NYSE: AEM) by 155,185 shares, growing its total to about 3.53 million shares valued at approximately $536 million as of May 18, 2026.
- Amundi held 3,533,877 $AEM shares at quarter end, up 4.59% from the prior quarter.
- The stock recently traded at $151.69, down from its previous close of $199.49, and has fluctuated between $134.38 and $255.24 over the past year.
- Analysts maintain a consensus rating of 'buy' for Agnico Eagle Mines, with a target mean price of $215.96 based on 14 opinions.
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Amundi Increases Its Position in AEM
Amundi has boosted its holdings in Agnico Eagle Mines Limited (NYSE: AEM) by 155,185 shares, raising its total to approximately 3.53 million shares valued at about $536 million as of May 18, 2026. This filing reflects Amundi's position as of the reporting period and may not represent its current holdings.
What Changed in Amundi's Position
Amundi increased its stake in Agnico Eagle Mines by about 4.6%, moving from 3,378,692 shares to 3,533,877 shares. This growth in position shows a commitment to the gold mining company amid fluctuating market conditions.
Institutional Activity Surrounding AEM
No other funds reported changes in their positions for Agnico Eagle Mines in this filing period. However, it is worth noting that other recent activities include Gabelli Funds reducing its stake by 17.7% and Vanguard Investments Australia opening a new position with over 249,000 shares. These movements suggest a mix of strategies among institutional investors in the gold sector.
Stock Performance and Market Context
Agnico Eagle Mines' stock recently traded at $151.69, significantly lower than its previous close of $199.49. The stock has seen a 52-week range between $134.38 and $255.24. This decline in share price comes as the company navigates a challenging market environment, making Amundi's increased stake notable.
Analysts Set New Price Targets
On October 8, 2026, UBS maintained a 'Neutral' rating on Agnico Eagle Mines with a price target of $190. RBC Capital also kept its 'Sector Perform' rating with a target of $225 as of September 16, 2026. Overall, analysts hold a consensus 'buy' rating for the company, with a target mean price set at $215.96 based on 14 opinions. This positive outlook reflects confidence in Agnico's long-term potential despite recent stock fluctuations.
What Agnico Eagle Mines Limited Does
Agnico Eagle Mines Limited is a gold mining company involved in exploring, developing, and producing precious metals. The company operates mines in Canada, Australia, Finland, and Mexico, and it is headquartered in Toronto, Canada. Amundi's increased stake could signal confidence in Agnico's future growth, especially as it continues to explore new opportunities in the gold market.
What's Ahead for Agnico Eagle Mines Limited
Investors will be watching Agnico Eagle Mines closely, especially with the next earnings report scheduled for October 28, 2026. As a reminder, this filing reflects Amundi's holdings as of the reporting period and may not represent its current position. Further filings and market movements will provide additional insights into the company's performance and investor sentiment.
Related Filing Alerts
Source: Amundi's 13F filing on $AEM (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Amundi 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts