Russell Investments Group Adds $3M in Agnico Eagle Mines Limited ($AEM)

Russell Investments Group has increased its stake in Agnico Eagle Mines Limited (NYSE:AEM) by 5.95%, according to its latest Form 13F filing with the SEC. The firm added 18,870 shares, bringing its total holdings to 336,228 shares valued at approximately $58.8 million as of the filing date.

What Changed in Russell Investments' Agnico Eagle Mines Position

Russell Investments boosted its position in Agnico Eagle Mines, adding 18,870 shares to reach a total of 336,228 shares. This increase represents a 5.95% change from the previous quarter, where the firm held 317,358 shares.

Other Institutional Activity in Agnico Eagle Mines

Several other institutional investors also adjusted their holdings in Agnico Eagle Mines. Capital World Investors increased its stake by 288,030 shares, ending with 21,626,307 shares valued at about $4.39 billion. Van Eck Associates Corp added 3,987,799 shares, bringing its total to 21,213,276 shares worth $4.31 billion. On the other hand, FMR LLC reduced its position by 777,659 shares, holding 19,577,184 shares valued at approximately $3.97 billion. Meanwhile, Royal Bank of Canada increased its holdings by 372,105 shares, now owning 15,031,299 shares valued at $3.05 billion.

Agnico Eagle Mines Limited Stock Down 15.0%

Shares of NYSE:AEM are trading near $175.03. Agnico Eagle Mines Limited has a market cap of $85.9 billion and a P/E ratio of 16.18. The stock has a beta of 0.566, indicating lower volatility compared to the market. Over the past year, the stock has seen a low of $114.60 and a high of $255.24. It has a 50-day moving average of $188.96 and a 200-day moving average of $184.42.

Recent Earnings

In its most recent earnings report, Agnico Eagle Mines posted revenue of $13.54 billion with a revenue growth rate of 66.1%. The company's net margin was 39.46%, and it reported a return on equity of 22.3%. The next earnings report is scheduled for July 29, 2026.

Dividend

Agnico Eagle Mines pays an annual dividend of $1.80, yielding 1.05%. The dividend payout ratio is 15.54%, indicating a conservative payout strategy.

Analysts Set New Price Targets

Analysts have recently updated their price targets for Agnico Eagle Mines. On May 26, 2026, CIBC maintained its 'buy' rating with a $310 price target. Barclays initiated coverage with a 'buy' rating and a $213 target on May 22, 2026. JP Morgan maintained a 'hold' rating, setting a target of $302 on May 5, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $249.60 based on 15 analyst opinions.

About Agnico Eagle Mines

Agnico Eagle Mines Limited is a gold mining company headquartered in Toronto, Canada. It engages in the exploration, development, and production of precious metals, including gold, silver, copper, and zinc. The company operates mines in Canada, Australia, Finland, and Mexico, and has exploration activities in several regions, including Europe and Latin America. Led by CEO Ammar Al-Joundi, Agnico Eagle was founded in 1953 and continues to expand its mining operations worldwide.

Bottom Line

The recent increase in Russell Investments' stake in Agnico Eagle Mines highlights the fund's confidence in the company's prospects. With a strong market presence and robust financial performance, Agnico Eagle Mines remains a key player in the gold mining industry. Investors should note that 13F filings are historical and may not reflect current positions.