Agnico-Eagle Mines (AEM.TO) Buy, Sell or Hold

Agnico-Eagle Mines (AEM.TO)

262.20

+5.49 (2.14%)

as of Oct 2, 2026, 8:00:00 pm Market Open.

453 watching

BUY ON WEAKNESS

Selling at around $50 to its book value of about $10 giving it a big multiple. Their Pinos Altos mine in Mexico is expected to go into production in 09 and will pretty much double their production. Any delays will cause the stock to pull back, which could be an opportunity to purchase.

BUY

Gold exceeding $700 was quite significant for the sector. Likes the overall operations and thinks it will trend higher. Likes Agnico-Eagle (AEM-T), Goldcorp (G-T) and Kinross (K-T) and would put his money with these three.

TOP PICK

Excellent wave of growth ahead of it. Annualized production of gold will go from 225000 ounces a year to 1.25 million over the next 4 years. Building 5 mines in Finland, Nunavut, Mexico and Quebec. Excellent technical team.

TOP PICK

Using a 10-month rate of change chart, it shows it coming down and then turning up which he thinks indicates a new Bull. Thinks it is trying to get above its highs.

DON'T BUY

The model price is $29. A negative 33% differential.

TOP PICK

From a large cap Canadian perspective in gold, it is probably the best positioned from a production growth prospect. Feels they can quadruple their production from now to 2010. Low-cost producer. By-product in one mine gives them a negative cash cost. No debt.

TOP PICK

Favourite senior gold. Have done a good job of diversifying away from a 1-mine company to a multiple mine company.

BUY

Bringing 4 mines into production, so the growth prospects are fantastic. One of the out performing gold stocks.

PAST TOP PICK

(A Top Pick Nov 1/06. Down 8.1%.) Still likes.

BUY

They have lots of money and are working very hard at acquisitions.

COMMENT

He was expecting it to go up before. Has been rallying in the last few days. Golds just worry him generally even thought the fundamentals appear quite strong.

COMMENT

Have had some cost pressures, which created a pullback in the stock. If you have time horizon of 3, 4 or 5 years, it could be a hold. If you are looking for short-term, he would look elsewhere.

SELL

He has a model price of $29.61, a 20% negative differential. It has always been a high flier and has always traded above his model price.

BUY ON WEAKNESS

Between Goldcorp and Agnico Eagle (AEM-T), he would prefer Agnico Eagle. They have loads of cash and loads of possibilities. If buying, do a third, a third and a third starting at. $35. For his clients, he buys the gold iShares StreetTracks (GLD-N), which is a direct play on bullion.

HOLD

The problem was some of the seniors is really the growth profile. Costs are spiralling up quite aggressively. We should get a fairly significant movement in gold before too long.

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Agnico-Eagle Mines (AEM.TO)