UBS’ Cautious Stance on Agnico Eagle Mines (AEM) Follows Sale of Gunnarn Mining Stake

Agnico Eagle Mines Limited (NYSE:AEM) is one of the 13 Best Extremely Profitable Stocks to Invest in Now.

UBS Cautious Stance on Agnico Eagle Mines (AEM) Follows Sale of Gunnarn Mining Stake

On January 30, 2026, UBS maintained a ‘Neutral’ rating on Agnico Eagle Mines Limited (NYSE:AEM), raising its price target to $240 from $190.

Agnico Eagle Mines Limited (NYSE:AEM) announced on January 28, 2026, that Agnico Sweden, its owned subsidiary, agreed to sell its remaining 55% stake in Gunnarn Mining AB to Goldsky Resources. The agreement includes a 2% net smelter return royalty on the Barsele project, alongside $20 million in cash and 75.51 million Goldsky shares valued at C$2.64. This transaction is part of Agnico Eagle’s strategy to prioritize higher-quality internal projects, allowing it to maintain upside exposure while shifting development focus to Goldsky. Agnico Eagle now owns about 32.5% of Goldsky as a result of the agreement.

On January 26, 2026, Scotiabank reaffirmed its ‘Outperform’ rating, increasing its price target for Agnico Eagle Mines Limited (NYSE:AEM) to $276 from $219. The firm’s bullish stance reflects increased projections for gold and silver, driven by geopolitical and economic uncertainty.

Additionally, on January 29, 2026, JPMorgan initiated coverage of Agnico, assigning a ‘Neutral’ rating and a $248 target, noting that Agnico’s valuation appears fairly full at current levels despite favorable gold fundamentals.

Agnico Eagle Mines Limited (NYSE:AEM), a global gold producer, operates mines across Canada, Australia, Finland, and Mexico.

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