Vanguard Asset Management Adds $153M in Agnico Eagle Mines Limited ($AEM)
Vanguard Asset Management takes a new position in Agnico Eagle Mines with 874,848 shares.
Key Points
- Vanguard Asset Management took a new position in Agnico Eagle Mines, acquiring 874,848 shares valued at $153.1 million.
- Agnico Eagle Mines has a market cap of $85.9 billion and trades near $175.03 with a P/E ratio of 16.18.
- Analysts from CIBC and Barclays maintain a 'buy' rating with price targets of $310 and $213 respectively.
Vanguard Asset Management disclosed a new position in Agnico Eagle Mines Limited (NYSE: AEM) according to its latest 13F filing with the SEC. The fund acquired 874,848 shares, valued at approximately $153.1 million, marking a fresh investment in the gold mining company as of the reporting period ending May 8, 2026.
What Changed in Vanguard Asset Management's Agnico Eagle Mines Position
Vanguard Asset Management's purchase of 874,848 shares in Agnico Eagle Mines is a new entry for the fund, as it previously held no shares in the company. This acquisition adds a significant stake in the gold mining sector to its portfolio, valued at over $153 million.
Other Institutional Activity in Agnico Eagle Mines
Among other institutional investors, Capital World Investors increased its stake by 288,030 shares, bringing its total holdings to 21,626,307 shares, valued at approximately $4.39 billion. Van Eck Associates Corp also boosted its position significantly, adding 3,987,799 shares to reach a total of 21,213,276 shares worth about $4.31 billion. Conversely, FMR LLC reduced its holdings by 777,659 shares, leaving it with 19,577,184 shares valued at roughly $3.97 billion. The Royal Bank of Canada added 372,105 shares, totaling 15,031,299 shares valued at $3.05 billion.
Agnico Eagle Mines Stock Snapshot
Shares of Agnico Eagle Mines (NYSE: AEM) are trading near $175.03. The company has a market capitalization of $85.9 billion and a P/E ratio of 16.18. The stock's beta is 0.566, indicating lower volatility compared to the market. Its 52-week range has been from $114.6 to $255.24, with a 50-day moving average of $188.96 and a 200-day moving average of $184.42.
Recent Earnings
Agnico Eagle Mines reported revenue of $13.54 billion, with a revenue growth rate of 66.1%. The company achieved a net margin of 39.46% and a return on equity of 22.3%. The next earnings release is scheduled for July 29, 2026.
Dividend
The company pays an annual dividend rate of $1.80 per share, yielding 1.05%. Its dividend payout ratio stands at 15.54%.
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 on May 22, 2026, with a 'buy' rating and a $213 price target. JP Morgan maintained a 'hold' rating with varying targets, including $302 on May 5, 2026, and $222 on May 4, 2026. Overall, the consensus among 15 analysts is a 'buy' rating with an average target price of $249.60.
About Agnico Eagle Mines Limited
Agnico Eagle Mines Limited is a gold mining company that explores, develops, and produces precious metals. It operates mines in Canada, Australia, Finland, and Mexico, while engaging in exploration and development in Europe and the United States. Headquartered in Toronto, Canada, the company is led by CEO Ammar Al-Joundi.
Bottom Line
Vanguard Asset Management's new stake in Agnico Eagle Mines reflects its interest in the gold sector. Investors track these filings as they provide insight into fund managers' strategies, though it's important to remember that 13F filings are backward-looking and may not represent current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.