Agnico Eagle Mines Limited (AEM) Hits its All-Time High

Agnico Eagle Mines Limited (NYSE:AEM) is included in our list of the 10 Unstoppable Canadian Stocks to Buy Now.

Agnico Eagle Mines Limited (AEM) Hits its All-Time High

A close-up of a hand placing a block of gold into a safe.

Agnico Eagle Mines Limited (NYSE:AEM)’s share price hit its all-time high of $135.65 on August 7, taking its market capitalization to over $65 billion. This milestone follows a growing momentum as the company’s shares returned 64.08% and 72.12% on a 1-year and YTD basis, respectively. This, alongside the company’s 33-year record of dividend consistency, boosted investor confidence.

Earlier, on July 31, 2025, Canaccord raised its price target on Agnico Eagle Mines Limited (NYSE:AEM) from $151.45 to $155.06, maintaining a ‘Buy’ rating. This price revision was driven by the company’s strong Q2 results, where 35.61% YoY revenue growth was recorded, alongside EPS of $1.94, both beating expectations.

With its operating mines across Canada, Australia, Finland, and Mexico, Agnico Eagle Mines Limited (NYSE:AEM) is a leading senior gold mining company. It is one of the unstoppable stocks.

While we acknowledge the potential of AEM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AEM and that has 100x upside potential, check out our report about this cheapest AI stock.

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