Agnico Eagle Mines Ltd (AEM) saw a price increase of 3.01%, reaching a 20-day high, amid positive market conditions with the Nasdaq-100 up 0.47% and the S&P 500 up 0.44%.
This rise is attributed to Agnico Eagle's strategic acquisition of 26 million common shares of Osisko at C$0.48 each, totaling C$12.48 million. This acquisition increases Agnico's ownership in Osisko from approximately 6.71% to 9.85%, reflecting confidence in Osisko's future growth and enhancing Agnico's influence in corporate governance.
The implications of this acquisition are significant, as it positions Agnico Eagle for potential further investments in Osisko, demonstrating a long-term commitment to high-potential geological projects and potentially leading to increased shareholder value.
Wall Street analysts forecast AEM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AEM is 184.54 USD with a low forecast of 1.60 USD and a high forecast of 231.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast AEM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AEM is 184.54 USD with a low forecast of 1.60 USD and a high forecast of 231.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 215.410
Low
1.60
Averages
184.54
High
231.00
Current: 215.410
Low
1.60
Averages
184.54
High
231.00
Scotiabank
Outperform
maintain
$219 -> $276
2026-01-26
New
Reason
Scotiabank
Price Target
$219 -> $276
AI Analysis
2026-01-26
New
maintain
Outperform
Reason
Scotiabank raised the firm's price target on Agnico Eagle to $276 from $219 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
Canaccord
Buy
maintain
$307 -> $345
2026-01-23
New
Reason
Canaccord
Price Target
$307 -> $345
2026-01-23
New
maintain
Buy
Reason
Canaccord raised the firm's price target on Agnico Eagle to C$345 from C$307 and keeps a Buy rating on the shares.
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BofA
Lawson Winder
Buy
maintain
$227 -> $252
2026-01-19
Reason
BofA
Lawson Winder
Price Target
$227 -> $252
2026-01-19
maintain
Buy
Reason
BofA analyst Lawson Winder raised the firm's price target on Agnico Eagle to $252 from $227 and keeps a Buy rating on the shares. The firm raise increased targets across the North American precious metals group. Many of the macro drivers that pushed gold prices higher "have intensified," the analyst tells investors in a research note. BofA expects company capital returns in Q4 to be strong.
RBC Capital
Josh Wolfson
Outperform -> Sector Perform
downgrade
$185 -> $205
2025-12-10
Reason
RBC Capital
Josh Wolfson
Price Target
$185 -> $205
2025-12-10
downgrade
Outperform -> Sector Perform
Reason
RBC Capital analyst Josh Wolfson downgraded Agnico Eagle to Sector Perform from Outperform with a price target of $205, up from $185. The firm cites its updated precious metals assumptions for the downgrade. Over the medium term, Agnico will need "heavier" investments to achieve its growth targets, which will reduce free cash flow and raise execution risk, the analyst tells investors in a research note.
About AEM
Agnico Eagle Mines Limited is a Canada-based and led senior gold mining company engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of exploration and development projects. Its operations include Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittila, La India, LaRonde Complex, Macassa, Meadowbank Complex, Meliadine and Pinos Altos. Its exploration sites include Barsele, Delta, Dubuisson, El Barqueno, Hammond Reef, Hope Bay, Jennings, Morelos Sur, North Madsen, Northern Territory, Pandora/Wood-Pandora, and others. The Canadian Malartic complex is located in the town of Malartic, 25 kilometers (km) west of Val-d’Or in northwestern Quebec. The Fosterville mine is a high-grade, low-cost underground gold mine, located 20 km from the city of Bendigo. It also owns a 100% interest in all its properties (128,680 hectares) in Quebec. Its projects also include Marban Alliance, Horizon, Alpha, Launay, Peacock, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
