Agnico Eagle Mines Limited (AEM) Releases Q1 2026 Earnings: Revenue, Profit and Cash Surge

Agnico Eagle Mines Limited (AEM) reported strong first-quarter 2026 results, led by higher sales and expanding margins.

Revenue: $4.10 billion (+66.1% year over year).

Gross profit: $3.14 billion (+84.9% year over year).

Operating profit: $2.57 billion (+123.8% year over year).

Net income attributable to common shareholders: $1.70 billion (+108.1% year over year).

Diluted earnings per share: 3.38 (+108.6% year over year).

Margins improved markedly, with gross profit and operating profit rising substantially year over year, reflecting stronger commodity prices and operational leverage.

Cash from operating activities: $1.35 billion (+28.9% year over year).

Capital expenditures: $619 million (+36.4% year over year).

Cash and cash equivalents: $3.11 billion (+173.4% year over year).

Total liabilities: $8.88 billion (-0.8% year over year).

Overall, AEM's Q1 2026 performance shows robust profitability growth and healthy cash generation alongside continued investment in property, plant and equipment, supporting a stronger liquidity position while keeping leverage broadly stable.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Agnico Eagle Mines Limited Hedge Fund Activity

We have seen 467 institutional investors add shares of Agnico Eagle Mines Limited stock to their portfolio, and 459 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIL LTD removed 3,184,741 shares (-19.8%) from their portfolio in Q4 2025, for an estimated $539,909,141
VAN ECK ASSOCIATES CORP added 3,062,705 shares (+21.6%) to their portfolio in Q4 2025, for an estimated $519,220,378
1832 ASSET MANAGEMENT L.P. added 2,013,036 shares (+118.5%) to their portfolio in Q4 2025, for an estimated $341,269,993
ROYAL BANK OF CANADA removed 1,325,363 shares (-8.3%) from their portfolio in Q4 2025, for an estimated $224,688,789
CANADA PENSION PLAN INVESTMENT BOARD added 1,176,384 shares (+47.8%) to their portfolio in Q4 2025, for an estimated $199,432,379
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 1,129,858 shares (-25.3%) from their portfolio in Q4 2025, for an estimated $191,544,826
BANK OF NOVA SCOTIA removed 984,995 shares (-47.6%) from their portfolio in Q4 2025, for an estimated $166,986,202

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Agnico Eagle Mines Limited Price Targets

Multiple analysts have issued price targets for $AEM recently. We have seen 6 analysts offer price targets for $AEM in the last 6 months, with a median target of $245.5.

Here are some recent targets:

Anita Soni from CIBC set a target price of $304.0 on 04/21/2026
Daniel Major from UBS set a target price of $210.0 on 03/27/2026
Bennett Moore from JP Morgan set a target price of $235.0 on 02/18/2026
Tanya Jakusconek from Scotiabank set a target price of $276.0 on 01/26/2026
Alexander Hacking from Citigroup set a target price of $256.0 on 01/15/2026
Josh Wolfson from RBC Capital set a target price of $205.0 on 12/10/2025