CIBC Increases PT on Agnico Eagle Mines Limited (AEM) Ahead of Q2 2025 Results

Agnico Eagle Mines Limited (NYSE:AEM) has attracted significant hedge fund interest, making it one of the 11 Best Mineral Stocks to Buy According to Hedge Funds.

Ahead of the Q2 2025 results that will be announced by Agnico Eagle Mines Limited (NYSE:AEM) on July 30, 2025, CIBC, on July 15, 2025, raised its price target on AEM from $134 to $165, maintaining an ‘Outperform’ rating.

This comes amid the optimistic growth outlook for Agnico Eagle Mines Limited (NYSE:AEM), which will be reflected in the upcoming quarter’s results. The company has experienced a positive earnings’ estimate revision of $0.42 with earnings growth expected to increase by 52.5%, according to AEM.

Meanwhile, developments at the company’s Detour Lake Gold Mine in Canada are in full swing. With early works like clearing land and receiving water permits already completed by Q1 end, the company expressed its expectation that ramp construction was set to begin in Q2. This development holds significance as Agnico Eagle Mines Limited (NYSE:AEM) plans to produce 1 million ounces per year worth of Gold for 14+ years from this asset.

With assets located in Canada, Australia, Finland, and Mexico, Agnico Eagle Mines Limited (NYSE:AEM), primarily a gold mining company, also explores for silver, zinc, and copper. It is included in our list of the Best Material Stocks.

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