BofA Lifts PT on Agnico Eagle Mines (AEM) to $173 From $170, Keeps a Buy Rating

Agnico Eagle Mines Limited (NYSE:AEM) is one of the most profitable gold stocks to buy right now. On June 23, BofA raised the firm’s price target on Agnico Eagle Mines Limited (NYSE:AEM) to $173 from $170, keeping a Buy rating on the shares.

The rating update came after the firm’s model update to include the Upper Beaver project by AEM, which is driving growth in its 2027 EPS estimate to $7.53 from $7.14.

The firm further told investors that Agnico Eagle Mines Limited (NYSE:AEM) is a 2025 top precious metals pick, citing various factors for this optimistic outlook, including its track-record of meeting or exceeding targets, exploration upside potential, and “top-tier” mining jurisdictions.

Agnico Eagle Mines Limited (NYSE:AEM) explores and produces gold. The company’s operations are divided into the following segments: Northern Business, Southern Business, and Exploration.

While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.