TSE:AEM
Agnico-Eagle Mines (AEM.TO)
Financials 
Technical Analysis 
Jun 4, 2026, 12:00 amThis summary was created by AI, based on 52 opinions in the last 12 months.
Agnico-Eagle Mines (AEM) has garnered considerable attention from experts due to its strategic positioning in low-risk jurisdictions, exceptional management team, and robust production capabilities mainly in gold. Many analysts indicate that despite recent highs and a strong past performance with significant capital returns, the stock may face some short-term volatility in alignment with gold price fluctuations. However, long-term investors are encouraged to hold or incrementally increase their positions, given the company's strong balance sheet and growth prospects in cash flow generation. Additionally, its consistent dividend growth and reputation as a leader in the gold mining sector make it a reliable choice for investors, albeit with some caution advised regarding timing due to current valuations and market conditions.
EPS of $0.8578 beat estimates of $0.7328 and revenues of $2.27B met expectations. The company delivered strong results driven by record quarterly gold production and better-than-expected cost performance. Management reiterated its gold production, cost, and capital expenditure guidance for 2023, expecting to produce 3.24 to 3.44 million ounces of gold with total cash costs per ounce between $840 and $890. It generated strong free cash flows, strengthened its balance sheet by repaying ~$1B of debt, and declared a quarterly dividend of $0.40 per share. These were solid results, and we feel that investors should be pleased with these earnings.
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Premium contentWe reiterate AEM as a TOP PICK. As the Odyssey project moves towards underground mining by 2028 they expect annual gold production to grow to more than 500,000 ounces. It trades at 1.3x book. Cash reserves are growing, as they retire debt and buy back shares. We recommend trailing up the stop-loss (from $52) to $60, looking to achieve $92 – upside potential of 28%. Yield 2.3%
(Analysts’ price target is $91.82)
Very strong gold company.
Excellent track record of capital allocation.
Strong cash flow and balance sheet.
Not a speculative stock - quality long term investment.
Would recommend buying.
Rick Rule
Recent high in gold prices good for company.
Expecting further gains on stock.
Demand for commodities rising with EV transition.
Enormous growth stock.
Gavin GrahamUS debt crisis means further indebtedness, further pressure on USD, and the defence for that is in gold and silver. One of the best of the gold companies. Central banks are buying all the gold they can possibly get.
Ross Healy
Premium contentThis Canadian based producer of over 3 million ounces of gold, is the third largest producer in the world. It trades at 12x earnings and 1.6x book. Cash reserves are growing as debt is retired and shares are bought back. Its dividend is backed by a payout ratio under 35% of cash flow. We recommend a stop-loss at $52, looking to achieve $92 -- upside potential of 26%. Yield 2.1%
(Analysts’ price target is $91.85)
Not unique in stock price diverging from price of gold. It owns the 2 largest gold mines in Canada. Bit of indigestion with acquisitions. Lots of moving parts. One of the best teams and its execution. One of the premier companies globally.
This whole trade has legs. He's looking for an entry point. Prefers to go with torquier and debt-free names. See his Top Picks.
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Decline from 2020 into a big consolidation. Probably not too much lower. Since 2022, it's formed a reverse head and shoulders -- you have a low point, but the low points on either side are higher. Not a bad trading stock between $60-75, so this is the time to buy.
Trading means smaller amounts, and you can add if it goes above $74-75. Overriding issue with commodity price, be careful. $60 exit strategy. Short-side upside to $71-72, don't expect more until visibility on buyers coming in.