Agnico Eagle Mines Limited (NYSE:AEM) is one of the 8 Best Natural Resources Stocks to Buy Now.

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On May 26, 2026, CIBC raised the firm’s price target on Agnico Eagle Mines Limited (NYSE:AEM) to $310 from $304 and maintained an Outperformer rating on the shares. CIBC cited the company’s “favorable” Q1 results and potential exploration upside for the target increase.

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Meanwhile, Barclays initiated coverage of Agnico Eagle Mines Limited (NYSE:AEM) with an Overweight rating and a $213 price target. Barclays analyst Richard Garchitorena said investments in “transformative” technologies and higher trade barriers are driving renewed growth across metals and mining. Barclays also said it is positive on gold prices and gold equities and expects “significant demand growth” for rare earth magnets.

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On May 20, 2026, Agnico Eagle Mines Limited (NYSE:AEM) announced a subscription agreement with Wallbridge Mining Company to purchase 243,927,966 common shares of Wallbridge at C$0.092 per share for a total consideration of C$22,441,373. After closing, Agnico Eagle is expected to own 359,285,979 common shares and 6,275,897 warrants, representing approximately 19.62% of Wallbridge’s issued and outstanding common shares on a non-diluted basis and 19.90% on a partially diluted basis.

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Agnico Eagle Mines Limited (NYSE:AEM) is a gold mining company engaged in the exploration, development, and production of precious metals, including gold, silver, copper, and zinc.

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While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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