5 Best Counter Cyclical Stocks to Buy Right Now

2. Agnico Eagle Mines Limited (NYSE:AEM)

On April 21, 2026, CIBC analyst Anita Soni lowered the price target on Agnico Eagle Mines Limited (NYSE:AEM) to $304 from $312 and maintained an Outperformer rating as part of a Q1 preview across the gold and base metals group. Anita Soni said the roughly 20% decline in gold from its January high, along with the “flip-flop” in Federal Reserve funds expectations, could “support a bounce in the asset’s price,” while noting a more constructive view on base metal equities driven by supply constraints. The firm also sees current levels as an attractive entry point.

On April 20, 2026, Agnico Eagle Mines Limited (NYSE:AEM) and B2Gold entered into a definitive agreement under which Agnico Eagle will acquire B2Gold’s 70% interest in the Fingold JV for $325M in cash, with Aurion waiving its right of first refusal. Upon completion, Agnico Eagle will own 100% of the Fingold JV, with the transaction expected to close in April 2026, subject to customary conditions. The companies also agreed to a non-exclusive collaboration focused on knowledge sharing across their operations in Nunavut.

On the same day, Agnico Eagle entered into a separate arrangement agreement to acquire all remaining outstanding common shares of Rupert not already owned, with each share to be exchanged for 0.0401 of an Agnico share plus contingent consideration of up to C$3.00 per share through a contingent value right tied to specified milestones. The upfront consideration is valued at approximately C$2,871M on a fully diluted basis and represents about a 67% premium to Rupert’s closing price on April 17. Each CVR has a 10-year term and provides up to C$3.00 in cash based on milestones tied to mineral reserves and production levels at the acquired properties. The transaction requires customary approvals, including court and shareholder approvals under applicable rules, and is expected to close early in the third quarter of 2026, after which Rupert is expected to be delisted from the TSX. Directors, executive officers, and certain shareholders representing 28.75% of Rupert shares have agreed to vote in favor of the transaction.

Agnico Eagle Mines Limited (NYSE:AEM) engages in the exploration, development, and production of precious metals.