RBC and UBS Lift Price Targets on Agnico Eagle (AEM) Despite Neutral Ratings

Agnico Eagle Mines Limited (NYSE:AEM) is one of the 13 Best Gold Mining Companies to Invest In Now. On December 10, TipRanks reported that RBC Capital raised its price target from $185 to $205 on Agnico Eagle Mines Limited (NYSE:AEM) but downgraded its rating from Outperform to Sector Perform.

Earlier, on December 1, UBS analyst Daniel Major also increased the price target on Agnico Eagle Mines Limited (NYSE:AEM) from $180 to $190 but kept a Neutral rating. The analyst told investors in a research note that gold started 2025 as a popular bullish bet and it still has support heading into 2026. This is supported by demand from official and private sectors instead of signs of extreme speculative crowding. The analyst also noted that even with a brief period of too much enthusiasm in early autumn, the macro outlook for the next 6 to 12 months favors continued buying from investors and central banks rather than a bear market setup for 2026.

In other news, on December 16, Agnico Eagle Mines Limited (NYSE:AEM) announced that it has acquired 26 million common shares of Osisko Metals Incorporated (TSE:OM) through a private placement for a total consideration of C$12.48 million.

The company said that this move is part of its plan to acquire strategic positions in potential opportunities with strong geological potential. Agnico Eagle Mines Limited (NYSE:AEM) is also focused on its own high-quality growth projects. It expects to complement its pipeline of projects with strategic equity investments.

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company. With operations in Canada, Finland, Australia, and Mexico, the company is one of the world’s largest producers of gold.

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