What Is the Market Sentiment on AEM?

This evening we watched Agnico Eagle Mines drop -1.7% to a price of $50.3 per share. The large-cap Silver company is now trading -23.93% below its average target price of $66.12. Analysts have set target prices ranging from $55.0 to $75.0 per share for Agnico Eagle Mines, and have given the stock an average rating of buy.

The stock has an average amount of shares sold short at 2.5%, and a short ratio of 4.29. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 70.4% of Agnico Eagle Mines's shares being owned by this investor type.

Institutions Invested in Agnico Eagle Mines

Date Reported Holder Percentage Shares Value
2023-09-30 Van Eck Associates Corporation 4% 21,063,883 $1,059,513,298
2023-09-30 FIL LTD 3% 17,275,332 $868,949,186
2023-09-30 Vanguard Group Inc 3% 17,224,538 $866,394,248
2023-09-30 Royal Bank of Canada 3% 15,736,022 $791,521,894
2023-09-30 Massachusetts Financial Services Co. 3% 13,794,968 $693,886,879
2023-09-30 Deutsche Bank Aktiengesellschaft 3% 13,177,528 $662,829,648
2023-09-30 Bank of Montreal/Can/ 2% 10,400,608 $523,150,574
2023-09-30 Mackenzie Financial Corporation 2% 9,770,139 $491,437,984
2023-09-30 Capital World Investors 2% 8,655,279 $435,360,527
2023-09-30 Manufacturers Life Insurance Co. 2% 8,380,993 $421,563,941

Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Agnico Eagle Mines.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.