13 Best Long Term Low Risk Stocks to Buy Now

6. Agnico Eagle Mines Limited (NYSE:AEM)

Beta (5Y Monthly): 0.66

5-Year Return: 169.19%

On February 4, CIBC lifted its price recommendation on Agnico Eagle Mines Limited (NYSE:AEM) to $296 from $231. It also kept its Outperformer rating on the stock. The move came as the firm raised its outlook across the precious metals space. Gold price forecasts were raised to $6,000 per ounce in 2026 and $6,500 in 2027, with higher assumptions for copper as well. In its note, the analyst said many of the demand trends seen in 2025 are expected to continue into 2026, even as geopolitical risks remain elevated.

Agnico Eagle’s third-quarter 2025 results showed how pricing was one of the most important aspects. Gold production was largely unchanged from the prior year, but the company sold that gold at prices nearly $1,000 per ounce higher than a year earlier. Some costs did rise as inflation worked its way through the system, but the increases were contained. Total cash costs moved up by less than $75 per ounce and stayed under $1,000. All-in sustaining costs increased from $1,286 to $1,373 per ounce, reflecting higher capital spending and other supporting expenses.

That combination of steady output and much higher prices flowed directly to the bottom line. Adjusted net income jumped by more than $500 million to $1.085 billion. Free cash flow almost doubled to $1.19 billion. With gold prices recently trading above $4,500 per ounce, the $3,476 per ounce realized price in the third quarter appears more like a starting point than a ceiling as 2026 approaches.

Agnico Eagle Mines Limited (NYSE:AEM) is a senior gold producer based in Canada, with operating mines in Canada, Australia, Finland, and Mexico. Beyond its current assets, the company continues to advance a pipeline of exploration and development projects.