Norden Group 13F: Cuts Agnico Eagle Mines (AEM) Stake by $1.4M

Norden Group lowered its exposure to Agnico Eagle Mines Limited (AEM) during the quarter, cutting its holdings by 57.2% according to a Form 13F filing disclosed on October 20, 2026.

AEM Agnico Eagle Mines Limited

$186.25 ▲ +9.98% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Norden Group's Agnico Eagle Mines Position

The firm sold 7,830 shares of the gold producer during the period. That left Norden Group with 5,858 shares remaining in its portfolio, valued at roughly $1.07 million at the end of the reported period. The previous stake stood at 13,688 shares.

Other Institutional Activity in Agnico Eagle Mines

Other large funds made adjustments to their positions around the same time. Russell Investments Group grew its holdings by 18,870 shares, ending with 336,228 shares worth about $57.94 million. Allianz Asset Management grew its stake by 120,566 shares to hold 572,612 shares valued at approximately $98.67 million. Vanguard Asset Management held 874,848 shares worth about $144.22 million. Intech Investment Management added 28,248 shares for a total of 90,781 shares valued at about $13.77 million. Amundi grew its holdings by 155,185 shares, finishing with 3,533,877 shares worth roughly $536.05 million.

Agnico Eagle Mines Limited Stock Down 1.7%

Agnico Eagle Mines closed at $186.25 on October 20, 2026. The stock recently traded around $186.25 as of October 22, 2026. Shares sit 27.0% below their 52-week high of $255.24 and 38.6% above their 52-week low of $134.38.

Recent Earnings

The gold miner reported trailing twelve month revenue of $14.53 billion alongside net income yielding a 40.4% net profit margin. Earnings per share over the trailing twelve months reached $11.69, while return on equity stood at 23.0%. The next earnings report is scheduled for October 28, 2026.

Dividend

The company distributes an annual dividend rate of $1.80 per share, which represents a 0.95% dividend yield based on recent prices. The payout ratio sits at 14.5%, indicating that a modest share of earnings goes toward shareholder distributions.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On July 21, 2026, JP Morgan maintained a Neutral rating and set a $175.00 price target. On August 3, 2026, JP Morgan maintained a Neutral rating and raised its target to $179.00. On September 16, 2026, RBC Capital maintained a Sector Perform rating and raised its target to $225.00. On October 8, 2026, UBS maintained a Neutral rating and raised its target to $190.00. On October 19, 2026, Barclays maintained an Overweight rating and raised its target to $218.00. Analysts hold a consensus Buy recommendation on the stock with a mean price target of $218.68 across 14 analyst opinions.

About Agnico Eagle Mines

Agnico Eagle Mines Limited is a gold mining business engaged in the exploration, development, and extraction of precious metals including gold, silver, copper, and zinc. Its operations span regions across Canada, Australia, Finland, and Mexico. Headquartered in Toronto, Canada, and incorporated in 1953, the company manages extensive mining assets across multiple continents.

Bottom Line

Investors will look toward the next earnings release on October 28, 2026, for further updates on operations. Institutional shifts like Norden Group's reduction offer one view into how large accounts manage their portfolios amid shifting sector valuations.