TSE:AEM

Agnico-Eagle Mines (AEM.TO)

203.52
-7.70 (3.65%)
as of Jul 31, 2026, 8:00:00 pm Market Open.
445 watching
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Investor Insights
star iconAug 3, 2026, 12:00 am

This summary was created by AI, based on 53 opinions in the last 12 months.

Agnico-Eagle Mines (AEM) is widely recognized as a leading gold mining company, noted for its operational excellence and strong management. Experts highlight the company's low political risk due to its mines situated primarily in Canada and the U.S. Many analysts view AEM as a great vehicle for gold exposure, recommending it as a long-term hold due to its solid asset base, cash generation, and a history of increasing dividends. While most experts see the stock as a buy, some also caution about the potential for a further pullback in gold prices, which could affect margins. Overall, the consensus leans towards optimism regarding AEM’s future performance but advocates exercising caution due to market volatility.

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Consensus
Buy
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Valuation
Fair Value
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NEM
TOP PICK

They've been buying a lot, such as Kirkland Lake Gold a year ago, and Yamana Gold (and a mine in Quebec). Up 28% over 5 years. Pays a 3.5% dividend. Huge runway for growth even if the price of gold doesn't move. Gold hasn't appreciated and has been flat, but it isn't correlated to bond yields. Owns great properties and two big deals to digest.

(Analysts’ price target is $83.30)
DON'T BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EPS was 41c, matching estimates; revenue was $1.385B, 3% short of estimates.
EBITDA of $496M was 20% short.
Guidance was weak: AEM noted it expected production to be lower and costs to be higher for the next three years.
The stock dropped the most in two years.
Guidance is about 6% below prior forecasts due to 'permit issues, noise restrictions and revised mining operations'.
Cost guidance rose 15% from the company's prior expectations. 4Q gold production was 799,438 ounces, vs 812,537 estimated.
The Yamana deal is expected to close in March. We can deal with short term issues, but we do not like a three year outlook of lower production as well as higher costs.
The price drop is justified here.
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WAIT

Well run. If you're looking for gold exposure, a reasonable company to consider. You could also consider FNV or ABX. ABX results did not impress, and the stock's down. AEM will trade down on similar news. Watch and wait, as the sector's been strong. Interest rate cuts would be negative catalysts for gold names. Enter on a pullback.

PAST TOP PICK
(A Top Pick Feb 10/22, Up 23%)

With inflation, mining costs went up. So he moved into royalties, where he remains.

WEAK BUY
Gold price has been strengthening, probably because the USD is weakening, an inverse relationship. Should do well with inflation, but it didn't. Inflation has peaked and will probably turn down this year. If you were desperate for exposure, she'd go with a larger producer in a safe region with multiple projects, such as AEM.
BUY
Breakout in an uptrend. Very constructive on gold equities through 2023. Has been recommending this since October. Above 200-day MA, as is ABX. Technical profiles are improving. Constructive on materials being higher for longer. Add exposure here.
BUY
Setup for gold and silver is very strong. Expecting benefit from gold prices. Good time to buy shares.
BUY
The miners are very cheap. The question is what's going to happen to the commodity, because you have to make your call on it before you look at the businesses. If the price of gold goes sideways, those companies won't do much. Right now, he likes stocks better than royalties. Royalty companies are better to have once things get going. Stocks like AEM, NGT and ABX are really down, and that's a better way to play now.
BUY
Currently owns shares and believes one of the best managed gold companies. Not cheap relative to other gold companies. Would recommend buying for long term shareholders.
TOP PICK
Headwinds of rising interest rates and strong USD this past year. Compressed valuation. Go-to name in the sector. No geopolitical risk. Merger added value. Decent profile going forward. USD should come off its peaks, and this should be good for gold and commodities. Yield is 3.68%. (Analysts’ price target is $83.73)
BUY
It's one of the best-managed gold companies in Canada. They have a great asset base, including Australia after buying Kirkland Lake. He's not a big fan of gold; the price of it has lagged real estate and stocks. But AEM itself is a great company.
TOP PICK
It made a clever acquisition buying Kirkland Lake which has lots of property. It is a very good combination and should do well as a business. Gold and Silver should mover up. Buy 9, Hold 3, Sell 1.
HOLD
Extremely high-quality gold mine. Investment quality. Need patience for the next 12 months, as cashflow coming off one mine but needs are ramping up elsewhere. He has no plans to sell. Almost a brand name for liquidity and quality in the gold equity sector.
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PAST TOP PICK
(A Top Pick Apr 12/22, Down 18.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with AEM has triggered its stop at $67. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 9%, when combined with the previous top pick recommendation.
TOP PICK
Canada's second-largest gold miner. Transformational merger/acquisition with KL. Diverse, large-scale producer. In lower-risk mining jurisdictions. Almost a pure play on gold, generating 98% of revenues. A consistent dividend grower. Company obsessively avoids serial equity raises. Yield is 2.76%. (Analysts’ price target is $94.49)
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