Opinions Stockchase Insights
Agnico-Eagle MinesAEM.TOBUYJul 28, 2023
Stockchase InsightsStock price when the opinion was issued
As of Sep 11, 2026. Market Open.
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Premium contentHolding gold is always a good hedge for inflation and global geopolitical uncertainty. AEM is an outstanding low-cost producer and it reiterated as a TOP PICK. We continue to recommend a stop at $220, looking to achieve $335 -- upside potential of 18%. Yield 1%
(Analysts’ price target is $309.83)
He added more shares during this pullback in the metals. It's an opportunity. However, if there's rate hikes through the end of this year, then forget the gold trade, he will be wrong about metals. Long term there's a lot of value, and the stock is cheap.
Kevin SimpsonOne of the highest-quality gold miners in Canada. Strong operating record, very good balance sheet. Most assets are in relatively stable jurisdictions. Last quarter strong, production better than expected, costs well-controlled. Record FCF. Modest upside. Wait to add on weakness, don't chase here.
Full-year production now expected near lower end of guidance. Watch that, as well as price of gold. She owns ABX instead.
Thinks we're in the second leg of the gold bull market. Printing money. Second leg might even be bigger than the first. Consistently delivers, diversified assets, more upside.
David BurrowsPremium content
Premium contentCashflow machine. $3B or so in cash on the balance sheet. Down 34% from peak (including $30 jump from yesterday). Largest and best gold miner in Canada. Low-risk jurisdictions. Lots of growth plans beyond 2030 to increase production, much of it by expanding existing mines (means lower risk). Very conservative management. Yield is 1.08%.
(Analysts’ price target is $225.15)
Rebecca TeltscherPremium contentHolding gold should be part of every portfolio and AEM is an outstanding low-cost producer. Recently reported earnings showed an all time high free cash flow which is allowing cash reserves to grow while debt is retired and shares bought back. It trades at 12x earnings, 2.6x book and supports a solid 22% ROE. We recommend setting a stop-loss at $170, looking to achieve $250 -- upside potential of 18%. Yield 1.1%
(Analysts’ price target is $314.12)It's the best gold miner in the world. He had a large holding, since trimmed. Buy at current levels. Gold is insurance, good to hold if the world goes to hell in a handbasket.
Lyle SteinGold is now trading pretty soberly on price to NAV. If you believe that the USD is eventually going to put in a high here and gold will start to assert itself (and that's the better view), then you can buy gold stocks here. Gold stocks can be fickle. Upcoming quarter may see margins pinched a bit due to higher costs, but that's already reflected in the price.
Very high-quality company. Hard for him to understand why any serious investor in Canada wouldn't own it. Reasonable valuation. Absolutely superlative company. Generates a whole bunch of cash. Five years of development growth already within the company. 40-year track record of operational excellence and superb capital allocation.
Would absolutely put $$ in today (doesn't mean it won't be cheaper a year from now, but it definitely will be higher 5 years hence). Yield is 1.07%.
Rick RuleHe likes materials, but pared back on gold last March. All materials moved up and are now consolidating. AEM went parabolic in early 2026, so no surprise it's pulled back, and the chart is now on the historic trendline. It's an okay play if you're patient. Maybe wait for it to bounce off this trendline. He expect gold to move up in a few months.
EPS of $0.8578 beat estimates of $0.7328 and revenues of $2.27B met expectations. The company delivered strong results driven by record quarterly gold production and better-than-expected cost performance. Management reiterated its gold production, cost, and capital expenditure guidance for 2023, expecting to produce 3.24 to 3.44 million ounces of gold with total cash costs per ounce between $840 and $890. It generated strong free cash flows, strengthened its balance sheet by repaying ~$1B of debt, and declared a quarterly dividend of $0.40 per share. These were solid results, and we feel that investors should be pleased with these earnings.
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