Letters by company
Agnico Eagle Mines LTD
4 letters discussing AEM. Everything written about it on this site is on its ticker page.
- First Eagle Investments Gold Fund Commentary Gold Fund Commentary attributes gold’s decline to tighter-policy expectations following the Iran war, persistent inflation and a stronger dollar, while arguing that fiscal strains, reserve diversification and geopolitical risk preserve gold’s role as a strategic hedge. The portfolio review discusses Pan American Silver’s Escobal CVRs, Peñoles’ Fresnillo stake, B2Gold’s asset sale and Goose Project disruption, and the operating strengths of Agnico Eagle and Wheaton Precious Metals. 2Q 2026 -16.6% AEM $105BBTG $10BPAAS $22BWPM $72B
- First Eagle Investments Global Equity ETF Commentary Global Equity ETF positioning favors durable, scarce assets at sensible valuations as tighter US rate expectations, elevated equity issuance and AI capital spending raise concerns over mega-cap valuations. Samsung, Alphabet, Merck, Elevance and Texas Instruments benefited from operating catalysts, while Noble, Charter, HCA, Exxon and Agnico Eagle were retained despite cyclical or operating headwinds. second quarter 2026 +5.0% 0R1M AEM $105BCHTR $18BELV $86B
- First Eagle Investments Overseas Equity ETF Commentary Overseas Equity ETF emphasized Samsung Electronics, Merck KGaA, Richemont, Taiwan Semiconductor and FANUC, citing memory-chip demand, life-sciences expansion, luxury stabilization, AI semiconductor scarcity and industrial robotics. It retained conviction in Shell, Imperial Oil, Agnico Eagle, Jardine Matheson and Wheaton despite pressure from lower oil and precious-metals prices. second quarter 2026 +7.1% AEM $105BCFRHF $136BFANUF $36BIMO $66B
- First Eagle Investments Gold Fund Commentary Gold Fund attributes demand for gold to monetary-policy uncertainty, fiscal pressures, geopolitical tension and central-bank purchases, while warning that a recession could interrupt the rally. The portfolio benefited from gold bullion and miners, with Newmont and Agnico Eagle reducing debt and repurchasing shares after selling Orla Mining stakes. 3Q 2025 +34.3% AEM $105BNEM $138BORLA $4.7BPAAS $22B
