CIBC Raises Agnico Eagle Mines Limited (AEM) Target as Gold Outlook Turns More Bullish

Agnico Eagle Mines Limited (NYSE:AEM) is included among 13 Best Long Term Low Risk Stocks to Buy Now.

On February 4, CIBC lifted its terms proposal connected Agnico Eagle Mines Limited (NYSE:AEM) to $296 from $231. It besides kept its Outperformer standing connected the stock. The determination came arsenic the steadfast raised its outlook crossed the precious metals space. Gold terms forecasts were raised to $6,000 per ounce successful 2026 and $6,500 successful 2027, with higher assumptions for copper arsenic well. In its note, the expert said galore of the request trends seen successful 2025 are expected to proceed into 2026, adjacent arsenic geopolitical risks stay elevated.

Agnico Eagle’s third-quarter 2025 results showed however pricing was 1 of the astir important aspects. Gold accumulation was mostly unchanged from the anterior year, but the institution sold that golden astatine prices astir $1,000 per ounce higher than a twelvemonth earlier. Some costs did emergence arsenic ostentation worked its mode done the system, but the increases were contained. Total currency costs moved up by little than $75 per ounce and stayed nether $1,000. All-in sustaining costs accrued from $1,286 to $1,373 per ounce, reflecting higher superior spending and different supporting expenses.

That operation of dependable output and overmuch higher prices flowed straight to the bottommost line. Adjusted nett income jumped by much than $500 cardinal to $1.085 billion. Free currency travel astir doubled to $1.19 billion. With golden prices precocious trading supra $4,500 per ounce, the $3,476 per ounce realized terms successful the 3rd 4th appears much similar a starting constituent than a ceiling arsenic 2026 approaches.

Agnico Eagle Mines Limited (NYSE:AEM) is simply a elder golden shaper based successful Canada, with operating mines successful Canada, Australia, Finland, and Mexico. Beyond its existent assets, the institution continues to beforehand a pipeline of exploration and improvement projects.

While we admit the imaginable of AEM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 15 Best Wide Moat Dividend Stocks to Invest in and 12 Best HVAC Stocks to Buy Now

Disclosure: None.