TSE:AEM
Agnico-Eagle Mines (AEM.TO)
Financials 
Technical Analysis 
Aug 3, 2026, 12:00 amThis 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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Premium contentOur PAST TOP PICK with AEM has triggered its stop at $270. To remain disciplined, we recommend covering the position at this time. When combined with previous guidance, this will result in a net investment gain of 20%.
Premium contentOn the back of an abrupt pullback in gold prices, we again reiterate AEM as a TOP PICK. Cash reserves are growing while debt is aggressively retired. We recommend maintaining the stop at $270, looking to achieve $379 — upside potential of 18%. Yield 0.7%
(Analysts’ price target is $332.00)Premium contentPremium contentWe again reiterate AEM as a TOP PICK. Recently released data shows the company successfully expanded gold reserves in 2025, while growing cash reserves, paying down debt and buying back shares. Its getting a bit more expensive now, trading at 32x earnings and 5x book, but we see further upside in gold bullion prices still. We recommend trailing up the stop (from $224) to $246, looking to achieve $334 -- upside potential of 15%. Yield 0.7%
(Analysts’ price target is $330.19)
Gold continues to remain in play, and gold stocks as a group continue to broadly lead. At the margin, we're seeing a race for resources. Globally, we're seeing a bit of anarchy and a movement away from law and order -- this is typically when gold does pretty well.
He read online that gold is like the VIX for US-international relationships. As those relationships continue to deteriorate, people pile into gold.
Likes it a lot. The top producer in Canada. Has political stability. They produce at $900/oz, for below the price of gold.
Gordon ReidPremium contentStill a buy today for those who don't own it. Finest goldmine operating company in the world. Track record as capital allocators over the last 15 years speaks for itself. Production growth is absolutely baked in the cake for the next 5 years, so there's no risk on that side. Importantly, growth will be from existing assets they already control. Top-quality holding.
Disclosure: A featured presenter at his conference, so he has lots of conflicts of interest ;)
Rick RuleHas owned this for year. Was up 105% last year. When oil is cheap and labour not expensive, AEM can improve margins. Free cash flow is at all-time highs. Pays a dividend over 1%, but have been increasing it a 25% annually for the past 3 years. The gold play is not over.
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Good long-term hold. Over the short term, vulnerable to ups and downs in gold price. It's become the "gold star" gold company to own. Management shines, good acquisitions.
In general, keep your position in gold under 5%.