Agnico Eagle (AEM – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Lawson Winder from Bank of America Securities maintained a Buy rating on the stock and has a $159.00 price target.
Lawson Winder has given his Buy rating due to a combination of factors that highlight Agnico Eagle’s strong financial and operational performance. The company reported impressive first-quarter earnings for 2025, surpassing expectations with lower unit costs and higher gold production. This operational success was accompanied by a reiteration of their full-year production and cost guidance, showcasing confidence in their ability to meet or exceed targets.
Additionally, Agnico Eagle’s strategic focus on exploration at key sites like Detour Lake and Malartic indicates significant resource upside potential. The company’s robust financial position is further strengthened by a notable reduction in net debt and substantial free cash flow, which supports ongoing share buybacks. These factors, combined with their attractive growth projects and operations in top-tier mining jurisdictions, underpin Winder’s positive outlook and Buy rating for Agnico Eagle.
In another report released on April 23, National Bank also maintained a Buy rating on the stock with a C$215.00 price target.