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 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 Rohinton
Would 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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One the world's largest gold producers (Canada's largest). Pure play on gold (99% of production). Has paid dividend since 1983 - grown at 17% compounding rate. 12 operating mines across the globe. Not facing geopolitical risk with strong management team. Dividend at ~4% is very safe. Good name to own if bullish on gold.
Brian Madden
Premium contentGold moves with interest rates and the US dollar, as well as with money printing. Like in 2008, it took a while (to 2010) before gold started to really react to all the stimulus that was put in place during the financial crisis. Now, the same thing may be happening with post-covid stimulus making its way through to gold. The prospects of lower interest rates also helps gold, and we have seen news of China buying as well as central banks buying globally. We cannot time how long it will continue but gold does move on sentiment, and positive sentiment could certainly continue longer. In a rally, we prefer stocks over bullion. Bullion can work better in a 'crisis' but we do not think we are setting up for that. AEM, KRR and FNV look good to us.
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Our PAST TOP PICK with AEM is progressing well. To remain disciplined, we recommend trailing up the stop (from $86) to $92 at this time.