Agnico Eagle Mines Limited (AEM) Hits Record High; Sells Nearly 48 Million Shares of Royal Road Minerals Limited for Almost $4.1 Million

With significant upside potential, Agnico Eagle Mines Limited (NYSE:AEM) secures a spot on our list of the 13 Best Quality Stocks to Buy According to Hedge Funds.

On September 29, 2025, through the Toronto Stock Exchange, Agnico Eagle Mines Limited (NYSE:AEM) sold 47,944,981 shares of Royal Road Minerals Limited, its entire holding, for almost $4.1 million.

Agnico Eagle Mines Limited (NYSE:AEM) owned about 18% of Royal Road’s issued and outstanding shares before the sale. With no present plans to repurchase shares or other instruments, the divestiture enables the company to monetize the position and reflects its continuous evaluation of its investment portfolio against strategic priorities.

Agnico Eagle Mines Limited (NYSE:AEM)’s stock hit a record high of $167.94 that same day, demonstrating the confidence of investors. The deal demonstrates the company’s methodical approach to capital allocation while keeping an eye on quality expansion initiatives throughout its operations in Canada, Australia, Finland, and Mexico and strategically utilizing its position in the world’s precious metals market.

The exploration, development, and production of precious metals are the activities of the gold mining company Agnico Eagle Mines Limited (NYSE:AEM). It is one of the best quality stocks.

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