TSE:AEM
Agnico-Eagle Mines (AEM.TO)
Financials 
Technical Analysis 
Jun 24, 2026, 12:00 amThis summary was created by AI, based on 53 opinions in the last 12 months.
Agnico-Eagle Mines (AEM) is widely regarded as a premier gold producer with a strong operational track record and a growing focus on shareholder returns. Experts highlight its exceptional management, low political risk due to its operations primarily in Canada and the U.S., and impressive cash flow generation capabilities. Several analysts view the recent pullback in gold prices as a buying opportunity, emphasizing patience for long-term investors. The company's strong position in the gold market is reinforced by consistent dividend growth and effective capital allocation strategies, despite some concerns about potential overvaluation in the short term. Overall, AEM is perceived as a top-tier gold stock, appealing to both growth and income-focused investors.
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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.
Kevin SimpsonLikes it. Many of its mines are here in Canada. Cautiously optimistic that current political environment is better for developing the resource industry. With pressure on currencies, sees pricing for all commodities in USD continue fairly strong.
A bit disappointed on its relative performance within the sector, but "90% of success is just showing up", and his portfolios have benefited by just being in the gold sector.
Is up 130% this year. Is a momentum play off of gold. When oil is cheap and labour not overly expensive, their profits margins and free cash flow rise ($3.5 billion now vs. $500 million three years ago). The gold trade will continue into early 2026.
Kevin SimpsonPremium contentIs a growth name. He's owned this for a long time. A super run-up this year. You get safe jurisdictions to mine, low costs, disciplined manages, make smart acquisitions, they buy some juniors, not big, splashy ones.
(Analysts’ price target is $200.48)
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Has doubled over the last 12 months, so consider taking some off. Very well run. In good jurisdictions. Despite the run, his firm is a big fan of gold -- more to go because of USD weakness.
With profits, consider going into bullion itself (such as CGL).