Bank of America 13F: Cuts Agnico Eagle Mines (AEM) Stake by $36M

Bank of America Scales Back Agnico Eagle Position

Bank of America trimmed its holdings in Agnico Eagle Mines NYSE:AEM during the period, according to a recent Form 13F filing with the Securities and Exchange Commission. The major financial institution cut its position by 228,129 shares, which translates to a 4.2% decrease from the previous quarter. Institutional filings like this one offer a backward-looking snapshot of portfolio adjustments and may not reflect current holdings today.

Following the reduction, Bank of America owned 5,246,324 shares of the gold miner. That remaining stake held an estimated market value of $834,086,824.34 at the close of the reporting window. Large banks routinely rebalance equity portfolios across various sectors as part of their broader asset management strategies.

Agnico Eagle Mines Stock Context

Shares of Agnico Eagle Mines traded near $158.99 recently, sitting below its 50-day moving average of $179.16 and its 200-day moving average of $188.11. The company carries a market capitalization of roughly $100.0 billion and a price-to-earnings ratio of 16.92. Its stock has traded within a 52-week range spanning from a low of $134.38 up to a high of $255.24.

Recent Earnings Performance

For investors tracking the underlying business, Agnico Eagle Mines reported solid financials recently. The company posted $14.53 billion in revenue with a strong revenue growth rate of 35.0%. Its net profit margin stood at 40.4%, supported by a return on equity of 23.0% and earnings per share of $11.67. The next quarterly earnings report is scheduled for October 28, 2026.

Dividend Payments

The gold producer continues to return capital to shareholders through its regular payout. Agnico Eagle Mines pays an annual dividend rate of $1.80 per share, giving the stock a dividend yield of 0.9%. That payout accounts for 14.6% of the company's earnings.

Analysts Set New Price Targets

Wall Street firms continue to monitor the mining company closely. On October 8, 2026, UBS maintained its Neutral rating on the stock while raising its price target to $190.00 from $170.00. Earlier, on September 16, 2026, RBC Capital maintained a Sector Perform rating and bumped its target to $225.00. Overall, the stock carries a consensus buy recommendation from 14 analysts, with a mean price target of $215.96.

About Agnico Eagle Mines

Agnico Eagle Mines is a senior gold mining company that explores, develops, and produces precious metals across mining operations in Canada, Australia, Finland, and Mexico. Founded in 1953 and based in Toronto, Canada, the company focuses primarily on gold extraction alongside byproduct metals like silver, copper, and zinc.

What's Ahead for AEM

Market participants will be watching for the next round of 13F filings to see how major institutions adjust their exposure to the basic materials sector. Agnico Eagle Mines is scheduled to report its next batch of earnings in late October, which will provide fresh insight into its mining output and financial health.