Is Agnico Eagle Mines (AEM) Among the Best Performing Large Cap Stocks So Far in 2025?

We recently published a list of 11 Best Performing Large Cap Stocks So Far in 2025. In this article, we are going to take a look at where Agnico Eagle Mines Limited (NYSE:AEM) stands against other best performing large cap stocks so far in 2025.

The stock market had a chaotic start to the first quarter of 2025. The uncertain tariff policy, growing fears of a recession, and inflation sent the stock market to the worst quarterly performance since the 2022 bear market. On March 31, ClearBridge Investment released its commentary on the market performance. Portfolio Managers Erica Furfaro and Margaret Vitrano highlighted that the S&P 500 index declined 4.27%, whereas the growth-heavy NASDAQ and Russell 1000 Growth Index fell 10.42% and 9.97%, respectively.

Elaborating more on the quarterly market performance, the portfolio managers noted that the Russell Growth Index underperformed the Russell Value Index by more than 1,200 basis points indicating that while large-cap stocks were impacted, the growth sector took the major hit. Tariffs were only one of the headwinds affecting the performance and the overall backdrop also includes the launch of Chinese LLM DeepSeek which questioned the AI capital expenditure of various large and mega-cap stocks. This capital expenditure bubble infected the performance of other “Magnificent Seven” to an extent that only one of the “Mag Seven” companies could outperform the Russell 1000 Index.

Erica Furfaro and Margaret Vitrano noted that their Large Cap Growth ESG strategy performed better than the benchmark amidst all the uncertainty. Their strategy takes the Russell Growth Index as a benchmark. The managers noted that the strategy revolved around being underweight for the Mag Seven and the IT sector. They also highlighted that balancing the portfolio with strong stocks across IT, communication, and financial services also played a pivotal role in generating more relative returns.

The investment fund also noted moving towards a “moving to the middle” approach, which refers to adjusting their portfolio to be less concentrated in any single sector and more balanced across different types of growth companies. Clearbridge has reduced its overweight position in healthcare and increased exposure to the IT sector, which was previously underweight. The fund believes this recalibration positions the portfolio for an economic slowdown. Lastly, Erica Furfaro and Margaret Vitrano noted that the first quarter witnessed the earnings growth broaden away from the Mag Seven and other large-cap stocks outside the big tech names delivered better earnings. They anticipate that, unless there is a recession, earnings growth from industrial and healthcare companies will begin to catch up with the technology sector in 2025.

Our Methodology

To curate the list of 11 best-performing large-cap stocks so far in 2025, we used the Finviz stock screener and Yahoo Finance. Using the screener we aggregate a list of large-cap stocks that have performed well on a year-to-date. Next, we cross-checked the performance from Yahoo Finance and ranked the stocks in ascending order of their year-to-date performance. We have also added the market capitalization of each stock and the hedge fund sentiment as well, as of Q4 2024. Please note that the data was recorded on May 2, 2025.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Agnico Eagle Mines Limited (NYSE:AEM)

Market Capitalization: $56.628B

Number of Hedge Fund Holders: 53

Year-To-Date Performance: 37.04%

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian-based gold mining company, which is ranked among the top three largest producers of gold in the world. The company specializes in producing gold and other precious metals. Its operations include multiple mines such as the Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittilä, La India, LaRonde Complex, Macassa, Meadowbank Complex, Meliadine, and Pinos Altos.

On May 2, CIBC analyst Anita Soni maintained a Buy rating on the stock with a price target of $119. Agnico Eagle Mines Limited (NYSE:AEM) benefited significantly from the increased gold prices. During the first quarter of 2025, it produced 874,000 ounces of gold with a cash cost of $903 per ounce, identical to the cost a year ago. However, the gold prices rose more than $1000 per ounce year-over-year thereby helping the company. This led the earnings per share higher to $1.53 per share from $0.76 per share in the same period last year.

In addition, Agnico Eagle Mines Limited (NYSE:AEM) has made record investments in exploration and development, focusing on its five key value drivers. It is expanding Detour Lake and Canadian Malartic to over a million ounces per year each, progressing construction at Upper Beaver, advancing Hope Bay, and developing the San Nicolas copper project. Agnico Eagle Mines Limited (NYSE:AEM) ranks as one of the best-performing large-cap stocks so far in 2025.

Overall, AEM ranks 8th on our list of best performing large cap stocks so far in 2025. While we acknowledge the potential of AEM to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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