Agnico Eagle Mines falls as gold price volatility and profit-taking weigh on miner shares

Agnico Eagle Mines (AEM) is down 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: AEM’s drop appears most consistent with a pullback in gold-related equities amid choppy gold prices and broader risk positioning after a recent surge in the metal. With the company’s latest guidance emphasizing higher cost expectations versus prior periods, some investors may also be using macro-driven weakness to take profits in a stock that had been trading strongly.

Details:

Gold prices have been volatile in early March after a sharp run-up, which often translates into amplified swings in large, liquid gold miners.

In its February 12, 2026 fourth-quarter/full-year 2025 results release, Agnico Eagle reported record free cash flow and announced a 12.5% dividend increase, while also providing updated multi-year operating guidance.

That same results package included 2026 cost guidance (including all-in sustaining cost expectations), which can pressure sentiment when investors focus on margin sensitivity during periods of metal-price pullbacks.

On February 12, 2026, Agnico Eagle also published an exploration/reserves update outlining year-over-year increases in mineral reserves and resources, a positive fundamental backdrop that may not offset day-to-day commodity-driven moves.

Sources:

Agnico Eagle Mines (Investor Relations), World Gold Council, Fortune

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AEM Hedge Fund Activity

We have seen 449 institutional investors add shares of $AEM stock to their portfolio, and 501 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
ALBERTA INVESTMENT MANAGEMENT CORP added 1,145,114 shares (+inf%) to their portfolio in Q4 2025, for an estimated $194,131,176
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

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$AEM Analyst Ratings

Wall Street analysts have issued reports on $AEM in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

CIBC issued a "Outperformer" rating on 10/10/2025
Raymond James issued a "Outperform" rating on 10/10/2025

To track analyst ratings and price targets for $AEM, check out Quiver Quantitative's $AEM forecast page.

$AEM Price Targets

Multiple analysts have issued price targets for $AEM recently. We have seen 8 analysts offer price targets for $AEM in the last 6 months, with a median target of $228.5.

Here are some recent targets:

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
Daniel Major from UBS set a target price of $190.0 on 12/01/2025
Lawson Winder from B of A Securities set a target price of $226.0 on 10/16/2025
Anita Soni from CIBC set a target price of $231.0 on 10/10/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.