Agnico Eagle Mines Limited (AEM) Increases Stake in Osisko as it Targets High Geological Potential Projects

Agnico Eagle Mines Limited (NYSE:AEM) is one of the best metal stocks to buy right now. On January 8, 2026, Agnico Eagle Mines Limited (NYSE:AEM) announced that it will report fourth-quarter and full-year 2025 results on February 12, after market close.

On December 16, the company confirmed the acquisition of 26 million common shares of Osisko Metals for a total consideration of $12.48 million. The investment is poised to increase the company’s ownership stake in Osisko to 9.85% on a non-diluted basis. The acquisition is part of the company’s push to acquire strategic positions in prospective projects with high geological potential.

The company is increasingly focusing on investment portfolios with high-quality internal growth prospects. The investments are designed to help the company complement its pipeline by focusing on projects with high geological potential. Meanwhile, the company has confirmed that it may acquire additional Osisko securities or dispose of its holdings in Osisko, depending on market conditions and strategic priorities.

The investment spree comes when Wall Street firms remain cautious about the company’s prospects. On December 7, Jefferies reaffirmed its Hold rating on Agnico Eagle and maintained a $189 price target. RBC Capital also shares similar sentiments, having reiterated a Hold rating on the stock on December 10 and sticking with a $205 price target.

Agnico Eagle Mines Limited (NYSE:AEM) is a major Canadian-based gold mining company that explores, develops, and produces precious metals (primarily gold, but also silver, zinc, and copper) from mines in Canada, Australia, Finland, and Mexico, focusing on high-quality assets in stable jurisdictions with a strong emphasis on sustainability, safety, and community engagement.

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