$AEM

Agnico Eagle Gets Final Court Approval for Rupert Resources Takeover

Agnico Eagle Mines (AEM) is on track to complete its takeover of Rupert Resources (RUP) next week after the Supreme Court of British Columbia granted final approval.Rupert said Thursday its shareholders will receive 0.0401 of an Agnico Eagle share per share held, plus a contingent value right of up to 3 Canadian dollars ($2.15) in cash tied to milestones over a 10-year period.The court order follows approval by Rupert securityholders at a special meeting on Tuesday.Price: $158.47, Change: $+5.99, Percent Change: +3.93%

CIBC Raises Agnico Eagle Mines Price Target to US$310 from US$304

CIBC Capital Markets on Monday maintained its outperformer rating on shares of Agnico Eagle Mines (AEM.TO, AEM) while raising its price target to US$310 from US$304.The investment bank said higher price target reflects the results of a preliminary economic assessment for the Hope Bay project in Nunavut, fine-tuning the effective tax rate at the Meliadine project, and the miner's favorable first-quarter results.Agnico recently hosted a site tour of the two projects in Nunavut, where the company highlighted its two decades of experience in the territory.At Meliadine, Agnico highlighted its environmental stewardship, approach to human resource management, efforts toward continuous improvements at site, and recent mine life extension to 2036 from 2032.The company plans to apply all of these learnings to advance Hope Bay, including a similar mill blueprint from Meliadine for Hope Bay's mill, CIBC said.Price: $247.01, Change: $-7.02, Percent Change: -2.76%

Agnico Eagle Mines' Outperform Rating, C$350 Price Target Unchanged at National Bank of Canada

National Bank of Canada on Monday reiterated its outperform rating on the shares of Agnico Eagle Mines (AEM.TO, AEM) and its C$350.00 price target after the company decided to go ahead with development of the Hope Bay mine in Nunavut.The bank said higher-than-modelled capital costs at the Hope Bay project, which were estimated at US$2.4 billion, have resulted in a modest reduction in the miner's net asset value per share, the bank said.The rating remains based on Agnico's operations in low-risk jurisdictions, combined with its continued strong/consistent operational performance and improving organic growth outlook."Agnico has maintained capital discipline with increasing capital returns to shareholders," National Bank said."With further outlining the company's long-term growth outlook, we expect the company to maintain its premium multiple relative to peers, trading at 6.8x our EV/2026E EBITDA estimates and 1.08x NAV compared to NBCM Senior Peers at 5.9x and 0.86x, respectively," the bank added.Price: $250.45, Change: $+7.51, Percent Change: +3.09%

Barclays Initiates Coverage on Agnico Eagle Mines With Overweight Rating

Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Agnico Eagle Mines Limited

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target by CAD35 to CAD370, as we value AEM using an EV/EBITDA of 8.4x applied to our 2027 EBITDA estimate, in line with AEM's three-year average forward EV/EBITDA of 8.4x and a premium to the peers' average of 5.3x. We increase our EPS estimates: 2026 by USD1.13 to USD14.65 and 2027 by USD2.71 to USD17.58. AEM delivered a strong Q1 with record operating margins driven by elevated gold prices and disciplined cost control. 2026 production guidance remains 3.3-3.5 million ounces with costs tracking to plan. AEM's balance sheet remains strong with $2.9B in net cash, supporting an industry-leading growth pipeline targeting 20%-30% production growth over the next decade through projects at Detour underground, Canadian Malartic expansion, Hope Bay, and Upper Beaver. The proposed Finland consolidation adds a potential 500k oz platform. Management plans to return 40% of free cash flow via dividends and an expanded $2B buyback program, while simultaneously funding high-return growth projects.

Research Alert: Agnico Eagle Mines Posts Strong Q1 Beat, Gold Price Drives Strong Cash Flow

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AEM delivered Q1 2026 net income of $1,695.5M ($3.39/share), up 108% Y/Y, driven by 68.1% higher realized gold price to $4,968/oz. Adjusted net income of $1,705.8M ($3.41/share, up 123% Y/Y) beat consensus by $0.20, with revenue rising 66.1% Y/Y despite lower production. The results validate our thesis as a best-in-class operator with peer-leading margins and significant operating leverage to gold prices. Management maintained full-year guidance of 3.3-3.5M oz, attributing declines to timing and grade variability rather than structural issues. Q1 production declined 5.6% Y/Y to 825,109 oz with mixed performance, while total cash costs increased 22.1% to $1,093/oz due to higher royalties. AEM's balance sheet with $2,915.3M net cash provides flexibility to accelerate high-return projects. We believe the organic growth pipeline targeting 20%-30% production increase over the next decade remains intact, positioning AEM to deliver production-per-share growth in favorable jurisdictions.

Agnico Eagle Mines Profit More Than Doubles, Beats Estimates As Production Falls

Agnico Eagle Mines (AEM.TO, AEM) rose 0.5% in after-hours New York trading on Thursday after the company reported its first-quarter adjusted profit more than doubled year over year and beat analysts' estimates, despite a decline in gold production.The company said adjusted income, excluding most one-time items, rose to US$1.71 billion, or US$3.41 per share, from US$770 million, or US$1.53, a year ago. FactSet expected US$3.24 per share.Quarterly gold production fell to 825,109 ounces from 873,794 ounces in the prior-year period. Agnico said solid production, combined with higher realized gold prices of $4,861 per ounce in the first quarter, resulted in record operating margins and adjusted net income.The company also declared a quarterly cash dividend of $0.45 per share, payable on June 15, to shareholders of record as of June 1. .In the first quarter, the company repurchased 721,211 shares under the NCIB at an average price of $207.68 per share for aggregate purchases of $150 million."We delivered a solid start to 2026, achieving record operating margins while production and costs tracked well to plan. With gold production expected to be weighted to a stronger second half of the year, we are managing cost volatility through disciplined execution and asset optimization, supported by our regional operating model. This positions us well to deliver on our full year guidance," said chief executive Ammar Al-Joundi.In its outlook, Agnico said full year expected payable gold production in 2026 remains unchanged at 3.3 to 3.5 million ounces, with production now weighted approximately 48% to the first half of the year and 52% to the second half. Full year total cash costs per ounce and AISC per ounce in 2026 remain unchanged at $1,020 to $1,120 and $1,400 to $1,550, respectively.The company's shares were last seen up US$1.00 to US$189.13 i after hours. They closed up C$4.22 to C$255.43 on the Toronto Stock Exchange.

Earnings Flash (AEM) Agnico Eagle Mines Updates On "Key Value Drivers" and Pipeline Projects In Q1 2026

Earnings Flash (AEM) Agnico Eagle Mines Annual Gold Production and Cost Guidance Reiterated