Agnico Eagle Mines

AEM

Market cap $86.5B

Agnico (AEM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Investors with an interest in Mining - Gold stocks have likely encountered both Newmont Corporation (NEM) and Agnico Eagle Mines (AEM). But which of these two companies is the best option for those looking for undervalued stocks?

Agnico Eagle Mines remains a Buy, driven by record free cash flow, near-zero debt, and robust financials amid surging gold prices. AEM's free cash flow jumped significantly, enabling rapid debt reduction and positioning the company for potentially higher dividends, buybacks, or new investments. The company's strong growth pipeline, focus on safe jurisdictions, and low AISC underpin its industry-leading quality and fuel expansion potential.

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Agnico Eagle Mines remains a "Buy" as gold prices surge, with a raised price target and strong operational performance. AEM delivered impressive Q2 results, beating EPS and revenue estimates, maintaining cost discipline, and executing successful exploration projects. Valuation is still attractive, though the gap to intrinsic value has narrowed; $4,000 gold offers significant operating leverage for AEM.

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AEM's 52% six-month rally, strong cash flows and project progress suggest more upside as gold prices hit historic highs.

Stock Symbol: AEM (NYSE and TSX) TORONTO , Oct. 9, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has acquired 5,000,000 subscription receipts (the "Subscription Receipts") issued by 1555489 B.C. Ltd., a wholly-owned subsidiary of Fuerte Metals Corporation ("Fuerte"), pursuant to a brokered private placement, at a price of C$1.65 per Subscription Receipt for total consideration of C$8,250,000 (the "Private Placement").

Agnico Eagle Mines (AEM) reached $169.57 at the closing of the latest trading day, reflecting a +1.97% change compared to its last close.

Investors eye low-beta picks like LNG, BZ, and AEM to weather market volatility and secure stable, high-quality returns.