Agnico Eagle Mines Limited (NYSE:AEM) is one of the 10 Best Stocks to Buy in Falling Markets According to Wall Street Analysts.
On May 4, 2026, ATB Cormark analyst Richard Gray upgraded Agnico Eagle Mines Limited (NYSE:AEM) to Outperform from Sector Perform with an unchanged price target of C$330 following the company’s Q1 results. The firm described Agnico as the “gold standard” among gold producers, citing its long-life, high-margin asset base in low-risk jurisdictions. ATB Cormark added that the company is well-positioned to benefit from record margins and production growth extending beyond 2030.
On April 30, 2026, Agnico Eagle Mines Limited (NYSE:AEM) reported Q1 adjusted EPS of $3.41, versus the consensus estimate of $3.21. Revenue totaled $4.099B, versus the consensus estimate of $4.02B. The company reported payable gold production of 825,109 ounces during the quarter, representing about 24% of the midpoint of its full-year production guidance. Production costs per ounce came in at $1,158, while total cash costs and all-in sustaining costs were $1,093 and $1,483 per ounce, respectively. Agnico said operational performance was led by Detour Lake, Canadian Malartic, and Fosterville. President and CEO Ammar Al-Joundi said the company delivered a solid start to 2026, achieving record operating margins while keeping production and costs in line with expectations. Al-Joundi added that management expects stronger production in the second half of the year and continues to focus on cost discipline and asset optimization through its regional operating model.
Image by Bishnu Sarangi from Pixabay
The company also highlighted progress across its growth pipeline, including recently announced proposed acquisitions in Finland, which management described as part of the next phase of long-term growth. Agnico Eagle Mines Limited (NYSE:AEM) reiterated its commitment to shareholder returns through dividends and an expanded share repurchase program. Agnico Eagle Mines Limited (NYSE:AEM) expects FY26 gold production of 3.3M-3.5M ounces and capital expenditures of $2.465B-$2.725B.
Agnico Eagle Mines Limited (NYSE:AEM) explores for and produces gold, silver, copper, and zinc.
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