Why Agnico Eagle Mines (AEM) Stock Is Up Today

Agnico Eagle Mines Limited (AEM) is up 3.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a stronger gold backdrop, which tends to lift large gold miners like Agnico Eagle. The move may also reflect investors continuing to reward the company’s recent record cash generation and shareholder returns, even after the market absorbed the earlier operational issue at Canadian Malartic.

Details:

Gold prices rose to their highest level in more than two months on August 13, improving sentiment toward precious-metals producers and increasing the value of future ounces still in the ground.

In its second-quarter 2026 release, Agnico Eagle posted record free cash flow of $1.335 billion, net income of $1.6 billion, and cash from operations of $2.144 billion, helped by solid production and a strong realized gold price.

The company also returned $625 million to shareholders in the quarter through dividends and share repurchases, reinforcing the view that it is benefiting directly from elevated bullion prices.

While the July 1 Barnat pit wall movement lowered production expectations toward the low end of 2026 guidance, Agnico Eagle said there were no injuries, the Odyssey mine outlook was unchanged, and stockpiles are helping soften the production impact.

Sources:

Axios, Agnico Eagle Mines, SEC

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

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$AEM Hedge Fund Activity

We have seen 442 institutional investors add shares of $AEM stock to their portfolio, and 616 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 5,688,766 shares (-29.1%) from their portfolio in Q2 2026, for an estimated $882,498,269
FIL LTD removed 4,961,075 shares (-39.3%) from their portfolio in Q2 2026, for an estimated $769,611,564
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 4,669,228 shares (-69.2%) from their portfolio in Q2 2026, for an estimated $724,337,339
VAN ECK ASSOCIATES CORP added 3,987,799 shares (+23.2%) to their portfolio in Q1 2026, for an estimated $809,443,441
TD ASSET MANAGEMENT INC removed 3,179,866 shares (-32.6%) from their portfolio in Q2 2026, for an estimated $493,292,612
JPMORGAN CHASE & CO added 2,797,145 shares (+inf%) to their portfolio in Q2 2026, for an estimated $433,921,103
CAPITAL WORLD INVESTORS removed 1,901,533 shares (-8.8%) from their portfolio in Q2 2026, for an estimated $294,984,814

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 13F endpoint.

$AEM Price Targets

Multiple analysts have issued price targets for $AEM recently. We have seen 7 analysts offer price targets for $AEM in the last 6 months, with a median target of $210.0.

Here are some recent targets:

Lawson Winder from B of A Securities set a target price of $240.0 on 07/09/2026
Josh Wolfson from RBC Capital set a target price of $210.0 on 07/09/2026
Fahad Tariq from Jefferies set a target price of $200.0 on 07/06/2026
Richard Garchitorena from Barclays set a target price of $210.0 on 07/06/2026
Daniel Major from UBS set a target price of $170.0 on 06/30/2026
Anita Soni from CIBC set a target price of $310.0 on 05/26/2026
Bennett Moore from JP Morgan set a target price of $302.0 on 05/05/2026

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.