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TSE:AEM
Agnico-Eagle Mines (AEM.TO)
Financials 
Technical Analysis 
Aug 23, 2026, 12:00 amThis summary was created by AI, based on 54 opinions in the last 12 months.
Agnico-Eagle Mines (AEM) is widely recognized among analysts as a premier gold mining company, particularly noted for its solid cash flow and strong balance sheet, boasting around $3 billion in cash reserves. Experts emphasize its operations in politically stable jurisdictions and its consistent production growth, which enhances its attractiveness as an investment. Despite recent share price volatility due to fluctuations in gold prices, many analysts advocate for AEM as a long-term holding, recommending strategic stop-loss measures. The consensus support for AEM stems from its ability to generate significant free cash flow, disciplined debt management, and a history of meeting or exceeding production guidance. The current yield and potential for dividends are also regarded as favorable attributes, adding to its appeal among investors looking for a hedge against inflation.
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Premium content
Best miner in the bunch. Will generate a lot of cash. Middle-tier companies are in the sweet spot.
David Burrows99% of revenues come from gold. Credible management, hits targets. Beat street forecasts in last 18 of 20 quarters. Good dividend growth history; paying one for last 40 years, 17% compound growth rate over last decade. Likes gold. Mines are located where there's little political risk. Yield is 2%.
(Analysts’ price target is $117.42)
Brian MaddenPremium content
Premium contentAEM has an established reputation for its management and assets. It's a pure gold play, pays a steady 2.08% dividend yield. Stockchasers Trevor and particularly Michael like it for its dividend, growth prospects and overall safety. Cash levels are healthy enough to buyback shares, always a good sign.
The only gold stock he has in the portfolio. Safe jurisdiction, safe netbacks, committed to returning capital. All that's hard to find in commodity land, where animal spirits seem to run high.
Danesh RohintonWould recommend buying. Very high quality company with strong management team and assets.
Rick RulePremium contentPremium contentWe reiterate AEM as a TOP PICK. Rising gold prices have allowed the company to see quarterly cash reserves grow, while debt is retired and shares bought back. It trades at 20x forward earnings. Management reported that gold production has reached a record high. We continue to recommend a stop at $74, looking to achieve $107 -- upside potential of 20%. Yield 1.8%
(Analysts’ price target is $106.70)Costs have risen across the industry, and grades have fallen vs average. But we are not so sure we would call 30% YTD 'humdrum'. AEM remains cheap, with a good dividend and growth prospects. We think gold looks fine. Post-2008 stimulus, it did take gold a few years to move, and we think its post-Covid move is just beginning. Lower US rates (if/when) will help. Gold's inflation trade did not pan out well in 2022 but we do not think gold has been impacted that much by crypto. Investors still do not 'flock' to crypto during times of crisis and we doubt they will. In non-US currencies, gold has done much better. In the scenarios we would see gold and AEM moving under #1 and #3, and less so under #2 because of its hyper -sensitivity to interest rates in that scenario.
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He doesn't own any gold stocks. If you want to enter, focus on large-cap, senior gold stocks. They offer more conservative growth, there's a lot behind them (more than just 1 mine or project), and they're in friendlier jurisdictions. AEM is a great producer with lower costs, this would be his #1 choice.