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Agnico Eagle (AEM) Stock Rises After Hours Despite Scotiabank Price Target Cut

Agnico Eagle Mines (NYSE: AEM) remained in focus after Scotiabank lowered its price target on the gold miner to $278 from $280 on Friday while maintaining its Sector Outperform rating.

The rating update followed a mixed trading session on Thursday, when AEM shares fell 0.64% during regular trading before recovering 0.74% in after-hours trading.

Although Scotiabank slightly reduced its price target, the unchanged Sector Outperform rating suggests the firm continues to view Agnico Eagle favorably. The revised target still implies substantial upside from current trading levels, reflecting confidence in the company's long-term outlook.

The stock has also been supported by the recent strength in gold prices. Gold rallied after weaker-than-expected U.S. labor market data increased expectations that the Federal Reserve could lower interest rates later this year. A lower-rate environment is generally positive for gold prices, which can improve earnings prospects for major gold producers such as Agnico Eagle.

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The Investor 07-04-26

B2Gold Corp. announced it will sell its 70% stake in the Fingold joint venture to Agnico Eagle Mines Limited for $325 million in cash.

The Fingold assets are located in Northern Finland, adjacent to the Ikkari gold project, and the transaction is expected to close in April 2026, subject to customary conditions. Following the sale, Agnico Eagle will gain full control of the project, as previously outlined in its broader regional consolidation strategy.

B2Gold plans to use the proceeds to strengthen its balance sheet, support share buybacks, and fund general corporate purposes.

In addition, the two companies will enter into a separate collaboration agreement focused on sharing operational expertise and best practices across their mining operations in Nunavut, Canada.
Globe Newswire

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Global Finance News 04-20-26

Agnico Eagle Mines Limited announced plans to consolidate Finland’s Central Lapland Greenstone Belt through three major transactions, strengthening its long-term growth platform in the region.

The company will acquire Rupert Resources Ltd. and Aurion Resources Ltd., while also purchasing a 70% stake in the Fingold joint venture from B2Gold Corp.. Once completed, Agnico Eagle will hold full ownership of the Fingold project and control a consolidated land package of approximately 2,492 km².

The strategy is expected to transform the region into a multi-decade gold production hub with potential output of around 500,000 ounces annually over time. The consolidation also enables development optimization of the Ikkari gold project, unlocking synergies estimated at up to $500 million and expanding exploration opportunities across a largely underexplored district.

The transactions are expected to close in phases, with most targeted for early in the third quarter of 2026, subject to approvals and conditions.
CNW

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Global Finance News 04-20-26

Agnico Eagle Mines Limited announced a financing investment and strategic alliance with Cascadia Minerals Ltd. to expand exploration activities in Canada’s Yukon region.

The company will invest approximately C$7.6 million through a private placement and additional unit purchases, gaining an initial stake of about 14% in Cascadia, with the potential to increase its ownership to nearly 20%.

In parallel, Agnico Eagle secured rights to earn a 51% interest in the Catch property, with an option to increase this to 80% through further investment, forming a future joint venture.

The agreement also establishes a broader exploration alliance in the Yukon’s Stikine Terrane, with Agnico Eagle funding exploration over an initial three-year period, highlighting its strategy to build positions in high-potential mining regions.
CNW

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WS Investor 03-30-26

Agnico Eagle reported a 2% year-over-year increase in gold mineral reserves to a record 55.4 million ounces at year-end 2025. Measured and indicated resources rose 10% to 47.1 million ounces, while inferred resources increased 15% to 41.8 million ounces.

The reserve growth was driven primarily by additions at Detour Lake, Odyssey (East Gouldie), Hope Bay and the initial declaration of 1.58 million ounces of probable reserves at the Marban deposit following its acquisition in 2025.

At Detour Lake, underground indicated resources reached 3.47 million ounces and inferred resources 3.88 million ounces, supporting continued evaluation of underground expansion. At Odyssey, inferred resources at East Gouldie rose 62% to 7.4 million ounces. Hope Bay’s Patch 7 zone now hosts 1.0 million ounces indicated and 1.7 million ounces inferred, reflecting strong drilling results.

For 2026, the company plans total exploration and project expenditures of $565 million to $635 million, with a midpoint of $600 million, focused on mine-life extensions, resource conversion and advancing key projects including Detour Lake underground, Canadian Malartic and Hope Bay.

Source: Agnico Eagle Mines Limited news release, February 12, 2026.

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Global Finance News 02-14-26

Agnico Eagle Mines Limited announced an agreement with Goldsky Resources Corp. under which Goldsky will acquire the remaining 55% interest in the Barsele project in Sweden. The transaction values the consideration at a combination of US$20 million in cash, the issuance of 75.5 million Goldsky common shares, and a 2% net smelter return royalty payable to Agnico Eagle. Upon completion, Agnico Eagle will increase its equity stake in Goldsky to about 32.5% on a non-diluted basis, retaining exposure to the project’s future upside while divesting direct ownership. The deal is expected to close by June 30, 2026, subject to regulatory and shareholder approvals, and aligns with Agnico Eagle’s strategy to optimize its portfolio and focus on its core development pipeline.

Source: PR Newswire, CNW

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WS Investor 01-28-26

Agnico Eagle Mines Limited today announced that it will release its fourth quarter and full year 2025 results on Thursday, February 12, 2026, after market.

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WS Investor 01-08-26

Agnico Eagle Invests C$8.25 Million in Fuerte Metals Corporation

Agnico Eagle Mines announced a C$8.25 million strategic investment in Fuerte Metals through the purchase of 5 million subscription receipts at C$1.65 each. Upon meeting escrow release conditions, each receipt will convert into one Fuerte unit consisting of a common share and a five-year warrant exercisable at C$2.50. Following the transaction, Agnico Eagle expects to hold about 8.1% of Fuerte’s shares on a non-diluted basis and 11.7% on a partially diluted basis. The investment aligns with Agnico Eagle’s strategy of acquiring stakes in early-stage projects with high geological potential to complement its portfolio of growth assets.

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European Investor 10-09-25

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) announced that it will release its third quarter 2025 results on Wednesday, October 29, 2025, after normal trading hours.

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WS Investor 09-30-25

Agnico Eagle Mines has sold its entire 18% stake in Royal Road Minerals, disposing of 47.9 million shares on the Toronto Stock Exchange for C$5.5 million, as part of its strategy to focus on core growth projects and periodically divest non-strategic holdings.

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The Investor 09-29-25