Allianz Asset Management 13F: Adds $21M to AEM Stake
Allianz Asset Management has raised its stake in Agnico Eagle Mines Limited by 26.7%, now holding over 572,000 shares.
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Allianz Asset Management added 120,566 shares to its stake in Agnico Eagle Mines Limited ($AEM), a 26.67% increase, according to a 13F filing with the SEC dated May 11, 2026. It reported 572,612 shares worth $98.67 million at the end of the quarter.
Since the filing, $AEM is down 9.0% after 1 week, down 22.4% after 1 month and down 3.3% to date (from the $195.92 close on May 11, 2026).
Find the original: Allianz Asset Management 13F filings on SEC EDGAR
AEM
Agnico Eagle Mines Limited
Key Points
- Allianz Asset Management boosted its stake in Agnico Eagle Mines Limited by 120,566 shares, increasing its total to 572,612 shares valued at approximately $98.7 million, according to its latest 13F filing.
- Agnico Eagle Mines shares closed at $172.32 on May 11, 2026, down from a previous close of $199.49, which may indicate a buying opportunity for investors.
- Analysts maintain a consensus rating of 'buy' for Agnico Eagle Mines, with a mean price target of $215.96, reflecting optimism about the company's future performance.
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Allianz Boosts Its Position
Allianz Asset Management has increased its stake in Agnico Eagle Mines Limited (NYSE: AEM) by 120,566 shares, growing its total holdings to 572,612 shares. This change represents a 26.7% increase in their position, valued at about $98.7 million, based on the latest 13F filing dated May 11, 2026.
Other Funds and Market Activity
No other funds reported changes in their positions in Agnico Eagle Mines at this time, making Allianz's move particularly noteworthy within the context of recent market activity.
Current Stock Performance
Agnico Eagle Mines shares closed at $172.32 on May 11, 2026. This price is significantly lower than its previous close of $199.49, suggesting potential buying interest as the stock trades well below its 52-week high of $255.24. The current share price may provide a more attractive entry point for investors.
Analysts Set New Price Targets
On October 8, 2026, UBS maintained a 'Neutral' rating with a price target of $190. RBC Capital also kept a 'Sector Perform' rating, raising its target to $225 on September 16, 2026. JP Morgan has issued multiple 'Neutral' ratings with targets ranging from $175 to $179 throughout the year. The overall consensus among analysts is a 'buy' rating, with a mean price target of $215.96 based on 14 opinions.
About Agnico Eagle Mines
Agnico Eagle Mines is a gold mining company based in Toronto, Canada. It explores for precious metals, including gold, silver, copper, and zinc, with operations in Canada, Australia, Finland, and Mexico. The recent increase in Allianz's stake underscores a growing interest in the company's potential amidst fluctuating share prices.
What's Ahead for Agnico Eagle Mines Limited
Investors should watch for Agnico Eagle Mines' next earnings report scheduled for October 28, 2026. The 13F filing reflects past holdings and may not represent Allianz's current position. Further updates from Allianz or other institutional investors could provide additional insights into market sentiment around Agnico Eagle Mines.
Related Filing Alerts
Source: Allianz Asset Management's 13F filing on $AEM (May 11, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Allianz Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts