Agnico Eagle price target raised to $173 from $170 at BofA

BofA raised the firm’s price target on Agnico Eagle (AEM) to $173 from $170 and keeps a Buy rating on the shares after updating the firm’s model to include the Upper Beaver project, which drives an increase in its 2027 EPS estimate to $7.53 from $7.14. Agnico is the analyst’s 2025 top precious metals pick, citing its “top-tier” mining jurisdictions, track-record of meeting or exceeding targets, attractive growth projects, and exploration upside potential, the firm noted.