Agnico Eagle Shares Slide 2.46 as Volume Surges 47 to Rank 351 Despite Strong Earnings and Institutional Buys

Agnico Eagle Mines (AEM) closed at $130.23 on August 19, 2025, reflecting a 2.46% decline from its previous close. The stock traded with a volume of $0.29 billion, marking a 47.3% increase compared to the prior day, ranking it 351st in trading activity. The company’s market capitalization stands at $65.42 billion.

Recent quarterly results showed Agnico exceeded expectations, reporting $1.94 earnings per share and $2.86 billion in revenue—a 35.6% year-over-year increase. Institutional investors, including Northwest & Ethical Investments L.P., boosted their stake in the first quarter by 55.5%, holding 104,888 shares valued at $11.37 million. Other institutional entities also increased holdings, with 68.34% of the stock now under institutional ownership.

Analysts have upgraded their outlook, with TD Securities and Cfra Research assigning "strong-buy" ratings. Bank of America raised its price target to $173.00, while Raymond James Financial set a $130.00 target. The average analyst price target stands at $136.90. A dividend of $0.40 per share was declared on June 16, with an ex-dividend date of May 30, yielding 1.20% annually.

A backtest of a strategy involving the top 500 stocks by daily trading volume showed a total profit of $2,940 from December 2022 to August 2025, alongside a maximum drawdown of $-1,960, reflecting a 19.6% peak-to-trough decline during the period.