Should You Buy Agnico Eagle Mines Ltd (AEM) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BUY for a beginner long-term investor, even at today’s pre-market price (~219.48). The primary setup is a strong uptrend supported by a powerful gold-driven macro tailwind and very strong recent quarter growth. The main near-term drawback is that the stock is overbought and sitting right around a key resistance zone (near ~219–226), so a quick pullback is possible—but given you’re unwilling to wait for a cleaner entry, AEM is still a good buy now for long-term exposure to gold and high-quality production. Intellectia Proprietary Trading Signals: - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.
Technical Analysis
Trend is bullish and extended. Moving averages are strongly bullish (SMA_5 > SMA_20 > SMA_200), confirming an established uptrend. Momentum remains positive (MACD histogram +2.087) but is ‘positively contracting,’ which often signals the up-move is losing some speed. RSI(6) at ~81.26 is overbought, increasing odds of a short-term cooldown. Key levels: Pivot ~208.16 is the first major support reference; S1 ~196.98 is a deeper support. Resistance is immediate at R1 ~219.33 (price is slightly above it pre-market), with next resistance at R2 ~226.24—so upside exists, but you’re buying into resistance rather than a dip.