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The latest announcement is out from Agnico Eagle ( (TSE:AEM) ).
Agnico Eagle has agreed to sell its remaining 55% stake in Sweden’s Gunnarn Mining AB, owner of the Barsele gold project, to Goldsky Resources Corp. for US$20 million in cash, 75.5 million Goldsky shares and a 2% net smelter return royalty on Barsele. The deal, expected to close by June 30, 2026 subject to regulatory and shareholder approvals, is part of Agnico’s broader portfolio optimization strategy, shifting capital toward its internal project pipeline while retaining upside to Barsele through the royalty and a significant equity position. Following the agreement, Agnico’s beneficial interest in Goldsky rises to about 32.5% of the company’s outstanding shares, supported by an amended investor rights agreement that gives Agnico participation rights in future financings and potential board representation, strengthening its strategic influence over Barsele’s advancement without bearing the full development risk.
The most recent analyst rating on (TSE:AEM) stock is a Buy with a C$338.00 price target. To see the full list of analyst forecasts on Agnico Eagle stock, see the TSE:AEM Stock Forecast page.
Spark’s Take on TSE:AEM Stock
According to Spark, TipRanks’ AI Analyst, TSE:AEM is a Outperform.
Agnico Eagle’s strong financial performance and positive earnings call are the most significant factors driving the stock score. The company’s robust operational efficiency and strategic project development contribute to a positive outlook. While technical indicators show bullish momentum, the high P/E ratio suggests the stock may be overvalued, which could limit immediate upside potential.
To see Spark’s full report on TSE:AEM stock, click here.
More about Agnico Eagle
Agnico Eagle Mines Limited is a Canadian-based gold mining company and the country’s largest miner, as well as the world’s second-largest gold producer, with operations in Canada, Australia, Finland and Mexico. The company focuses on a pipeline of high-quality development projects in these regions to underpin sustainable growth and is recognized in the mining industry for its sustainability practices and long track record of shareholder returns, including an unbroken history of annual cash dividends since 1983.
Average Trading Volume: 1,069,871
Technical Sentiment Signal: Buy
Current Market Cap: C$148.4B
Find detailed analytics on AEM stock on TipRanks’ Stock Analysis page.