Agnico Stock Down 11% Last Week. Here’s Why Analyst See 12% Upside.

Key Stats for Agnico Stock

• Past-Week Performance: -11%
• 52-Week Range: $92 to $225
• Valuation Model Target Price: $220
• Implied Upside: 12% over 1.9 years

After Agnico stock’s 11% weekly drop, check whether the current price already reflects gold’s reversal from late-January highs using TIKR’s Valuation Model for free →

What Happened to AEM Stock?

Agnico Eagle Mines stock (AEM) declined 11% last week, marked by heightened volatility as gold prices pulled back from late-January highs.

Reuters reports on February 2–4 framed trading around gold’s reversal from the late-January $5,594/oz peak and subsequent rebounds.

Explicitly, Reuters on February 2 cited CME margin increases and gold’s 9% drop, while February 3–4 noted recoveries tied to safe-haven demand.

However, the materials provided showed no changes to Agnico’s guidance, and the January 28 Goldsky transactions left stated operating priorities unchanged.

Moreover, the market appeared to focus on miners’ high beta to spot gold, with intraday moves tracking bullion more than company-specific developments.

In addition, Reuters on January 26 said Scotiabank raised Agnico’s price target to $276 from $219, and January 29 noted JPMorgan’s Neutral initiation.

Trading reflected commodity-driven positioning after the peak-to-trough gold swing, while Agnico’s strategy and outlook remained unchanged in the information provided.

Agnico stock moved with gold, not guidance changes. Explore how much of that volatility is already priced into long-term returns on TIKR for free →

Is AEM Stock Fairly Valued Right Now?

Under the valuation model shown, the stock is modeled using:

• Revenue Growth: 23.3%
• Operating Margins: 53.7%
• Exit P/E Multiple: 16.8x

Agnico Eagle Mines stock appears modestly undervalued, conditional on elevated gold prices persisting and the valuation model assumptions holding through December 31, 2027.

Specifically, the model assumes 23.3% revenue growth, 53.7% operating margins, and a 16.8x exit P/E multiple.

Accordingly, the model estimates a $220 target price, translating to about 12% total upside and 6% annualized returns, largely driven by elevated gold price assumptions rather than multiple expansion.

Moreover, execution depends on sustained gold pricing, disciplined cost control, and operational scale across Agnico’s core producing assets.

Nevertheless, Agnico Eagle Mines stock remains sensitive to gold price volatility, while execution remains the key driver behind whether modeled returns materialize.

Gold prices swung sharply after peaking near $5,600. See how sensitive Agnico’s valuation is to margin assumptions by modeling different scenarios on TIKR for free →

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Analysts raised targets, but bullion volatility remains high. Test whether Agnico stock’s current valuation still depends on sustained gold prices using TIKR for free →