Vanguard Asset Management 13F: New $144M Stake in AEM
Vanguard Asset Management has opened a new stake in Agnico Eagle Mines, acquiring over 874,000 shares valued at approximately $144.2 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Vanguard Asset Management opened a new position of 874,848 shares in Agnico Eagle Mines Limited ($AEM), according to a 13F filing with the SEC dated May 8, 2026. It reported 874,848 shares worth $144.22 million at the end of the quarter.
Since the filing, $AEM is down 6.7% after 1 week, down 15.9% after 1 month and down 1.4% to date (from the $192.31 close on May 8, 2026).
Find the original: Vanguard Asset Management 13F filings on SEC EDGAR
AEM
Agnico Eagle Mines Limited
Key Points
- Vanguard Asset Management took a new position in Agnico Eagle Mines, acquiring 874,848 shares valued at about $144.2 million.
- The shares are currently trading at $164.85, which is below their 52-week high of $255.24 and above the low of $134.38.
- Analysts have maintained ratings on Agnico Eagle Mines, with targets ranging from $179 to $260, indicating a generally positive outlook.
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Vanguard's New Stake
Vanguard Asset Management has opened a new position in Agnico Eagle Mines Limited (NYSE: AEM), acquiring 874,848 shares valued at approximately $144.2 million. This new buy was reported in a Form 13F filing with the SEC, revealing Vanguard's holdings as of the reporting period.
What Changed in Vanguard's Position
Vanguard's position in Agnico Eagle Mines is entirely new, as it previously held no shares in the company. The acquisition of 874,848 shares marks a significant entry for the fund into the gold mining sector, a space known for its volatility and potential for growth.
Institutional Activity Around Agnico Eagle Mines
No other funds reported changes in their positions in Agnico Eagle Mines during this filing period. However, prior reports indicated that other investors, like Gabelli Funds and Osaic Holdings, reduced their stakes in the company recently. Gabelli cut its position by 17.7%, while Osaic reduced its holdings by over 21%, suggesting some caution among institutional investors.
Stock Performance and Current Price
Agnico Eagle Mines shares are currently trading at $164.85. This price is below the company's 52-week high of $255.24 and above the low of $134.38. The stock has experienced fluctuations, making this new investment by Vanguard noteworthy as it positions itself in a sector that can be influenced by various factors, including commodity prices and geopolitical events.
Analysts Set New Price Targets
Analysts have maintained a range of ratings on Agnico Eagle Mines. On October 8, 2026, UBS maintained a Neutral rating with a price target of $190. RBC Capital also kept its Sector Perform rating with a target of $225 as of September 16, 2026. With multiple firms holding ratings from Neutral to Overweight, the consensus appears cautiously optimistic.
What Agnico Eagle Mines Limited Does
Agnico Eagle Mines Limited is a gold mining company that explores, develops, and produces precious metals. Its operations span across Canada, Australia, Finland, and Mexico, making it a significant player in the global mining industry. Vanguard's new position indicates a strategic entry into this well-established company.
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. This filing reflects holdings as of the reporting period and may not represent Vanguard's current position. With ongoing developments in the gold market, further filings and analyst ratings will be important indicators of the company's direction.
Related Filing Alerts
Source: Vanguard Asset Management's 13F filing on $AEM (May 8, 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: Vanguard Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts