Should I buy AEM stock in 2025?

Why trust HelloSafe?

At HelloSafe, our experts have been closely tracking AEM's performance for over three years. Each month, thousands of people in Singapore rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are prepared for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by AEM.

What is AEM?

How much is AEM stock?

The price of AEM stock is falling this week. As of now, AEM is trading at $114.66, marking a 2.25% drop over the past 24 hours and a 4.15% decrease for the week. The company holds a market capitalization of $58.02 billion, with an average 3-month trading volume of about 3.52 million shares.

Despite recent declines, AEM’s low volatility and strong fundamentals may appeal to Singapore investors seeking stability in the gold mining sector.

Our full analysis on AEM stock

Having thoroughly reviewed Agnico Eagle Mines Limited’s (AEM) latest quarterly results, historical stock performance, and incorporated comprehensive market, financial and technical signals—benchmarked against key competitors—we find that the bullish case for AEM is especially compelling in today’s context. Leveraging proprietary quantitative models, this analysis synthesises updated price dynamics, sector trends, and fundamental indicators, crafting an objective yet optimistic perspective for investors with a focus on risk-adjusted potential. So, what makes AEM stock once again a strategic entry point for the gold mining sector as we move further into 2025?

Recent Performance and Market Context

Resilient Share Price Performance

AEM’s shares have markedly outperformed both sector and broad market benchmarks over multiple timeframes, underscoring a resilient uptrend. As of May 2025, the stock trades at $114.66 on the NYSE, capping an extraordinary +72.99% rise over the past year and a staggering +36.76% over the last six months. This remarkable momentum stands in contrast to a modest short-term pullback (-4.15% over 10 days), which many professionals interpret as a healthy correction within a broader bull cycle. Notably, the current price maintains a decided premium above key technical support levels ($111.55 and $105.80), reinforcing the view that market sentiment is robustly constructive.

Recent Positive Developments

AEM’s recent quarterly results delivered a series of record highs: Q1 2025 revenue hit $2.5 billion, with adjusted net income of $770 million ($1.53 per share) and free cash flow at $594 million. Operationally, the company produced 873,794 ounces of gold at competitive all-in sustaining costs (AISC) of $1,183 per ounce, solidifying margins even in a fluctuating commodity environment. Furthermore, there is a palpable sense of investor confidence: the dividend was maintained at $0.40 per share, and net debt was reduced to an almost negligible $5 million.

Macroeconomic and Sector Backdrop

The broader context is equally promising: gold prices in 2025 are trading near multi-year highs amid persistent inflationary pressures, increased global macro uncertainty, and a renewed search for portfolio hedges amongst institutional allocators. AEM benefits directly from these conditions, given its scale and operational leverage. In addition, the “flight to quality” mentality in hard assets places prime gold producers in a favorable position—particularly those, like AEM, with low debt, rising cash flows, and progressive ESG initiatives.

Technical Analysis

Indicators Signalling Bullish Uptrend

• Moving averages: Price rests confidently above the 20-, 50-, 100-, and 200-day moving averages, with the 50-day EMA at $109.22 and the 200-day EMA at $90.86, respectively. This pattern is a classic hallmark of a well-established uptrend.
• MACD (2.24): Delivers a clear buy signal, indicative of strong upward momentum, aligning with the positive trend in daily closing prices.
• RSI (14) at 55.67: Suggests the stock is in a neutral range, not overbought, leaving further upside potential.
• Williams %R (-56.30) and ADX (18.41): Both corroborate the buy case, with trending stability and emerging potential for acceleration.

Firm Support and Bullish Reversal Signals

Support levels at $111.55 and $105.80 have both witnessed meaningful accumulation, while resistance at $117.65, $118.24, and $121.10 define clear upside targets. With average volumes sustained at 3.52 million shares daily, the recent minor retreat can be construed as consolidation—rather than exhaustion—setting the stage for the next leg upward if buyers reassert dominance. The overall technical framework thus encourages renewed interest, especially for investors seeking an entry ahead of a forecasted bullish extension.

Fundamental Analysis

Robust Revenue Growth and Profitability

• Revenue: $2.5 billion, marking continued year-over-year expansion.
• EBITDA: $1.6 billion, with sector-leading margins.
• Net Income: $770 million adjusted ($1.53 per share).
• Gold Production: 873,794 ounces at all-in sustaining costs of $1,183/oz, among the best in class.

Profitability is further underwritten by prudent cost discipline, as production costs per ounce ($879) remain competitive on a global scale—a meaningful advantage in periods of price volatility.

Attractive Valuation

Despite the past year’s appreciation, AEM trades at a P/E of 24.40 and EV/EBITDA of 11.25—a justified premium given metrics such as superior balance sheet strength (net debt at $5 million), consistent dividend history, and global operational scale. Price-to-sales (6.45) and price-to-book (2.67) ratios remain in line with large-cap mining stocks, yet are defensible in light of AEM’s cash flow visibility, project pipeline, and long-term reserves. For growth-focused and income-oriented investors alike, the annualized yield of 1.4%—with a track record of unbroken payouts since 1983—represents both reliability and upside optionality.

Strategic and Structural Strengths

• Diversified operations across Canada, Australia, Finland, and Mexico.
• Largest global producer status (third worldwide), conferring scale and geopolitical risk mitigation.
• Project pipeline: Development continuity at Canadian Malartic (Odyssey), Detour Lake, Upper Beaver, Hope Bay, and San Nicolás ensures multi-year volume growth potential.
• ESG Leadership: Publication of the 2024 Sustainability Report and track record of responsible mining position AEM as a partner of choice for large institutional investors seeking ESG-compliant exposures.

Volume and Liquidity

Sustained daily trading volumes—averaging over 3.5 million shares—underscore liquidity and deep investor interest. This high level of activity enables efficient entry and exit, mitigates price impact risk, and provides a robust float supporting dynamic valuation. The prevalence of institutional investors in AEM’s capital structure further reflects professional market confidence and a tendency to support recoveries during episodic volatility.

Catalysts and Positive Outlook

Strategic Growth Catalysts

• Odyssey Underground (Canadian Malartic): Paving the way for production to scale toward one million ounces annually by the early 2030s.
• Detour Lake and Upper Beaver: Ongoing ramp and mill developments, plus successful confirmation drilling of high-grade ore.
• Hope Bay: Robust results from advanced exploration at Madrid and the Patch 7/Suluk zones.
• San Nicolás JV with Teck: Feasibility expected in 2H 2025, with plans to tap one of the world’s richest volcanogenic massive sulphide deposits.

Innovation and ESG

• Technological Leadership: Modernised mining fleets, advancing digitization, as well as superior environmental management systems.
• Sustainability: Continued investments in clean energy, community development, and best-practice disclosures cement AEM’s reputation as a long-term steward.

Sector Tailwinds

With gold prices showing structural support amid persistent macroeconomic uncertainty, AEM’s operating leverage and strategic pipeline are ideally positioned. As capital reallocates to hard assets and gold resumes its centuries-old safe haven status, quality producers can be expected to participate disproportionately in upside moves.

Investment Strategies

Short-term

Recent technical consolidation around $111.55 to $114.66 may represent an optimal platform for tactical investors looking to capitalize on a resumption of bullish momentum. Key technical signals and support levels reinforce this view.

Medium-term

As exploration ramp-ups and new feasibility studies deliver, the stock could be poised for re-rating, with progress at Odyssey, San Nicolás, and Hope Bay potentially serving as significant positive inflection points. The stock’s position above all major moving averages provides strong confidence in trend continuation.

Long-term

AEM’s status as a leading dividend payer—combined with its robust pipeline, disciplined capital allocation, and world-class management—means the stock is built for resilience even through commodity cycles. For patient investors, buying during technical consolidations or ahead of major project milestones could prove especially advantageous.

Is it the Right Time to Buy AEM?

In summary:

• Exceptional financial results and gold production metrics underpin sustainable profitability.
• Attractive valuation relative to global peers, despite recent outperformance.
• Minimal net debt and unparalleled dividend consistency reinforce downside protection.
• Technical indicators unanimously align in signaling ongoing upward potential, with solid volume supporting liquidity and market depth.
• Unique growth catalysts—from Odyssey’s underground ramp-up to the San Nicolás joint venture—amplify the prospect of renewed positive surprises.
• Favorable macro context (decade high gold prices, inflation, global uncertainty) continues to spotlight the gold sector’s importance for diversification.

Taken together, the evidence strongly suggests that AEM is entering a new, potentially extended bullish phase with risk-adjusted rewards that seem especially pronounced at current levels. While investors must always weigh sector and company-specific risks, the convergence of fundamental, technical, and macro drivers points to AEM as a stock that justifies renewed interest—and may well represent an excellent opportunity for portfolio allocation as 2025 unfolds.

In a market hungry for both resilience and growth, AEM’s unique blend of operational excellence, strategic expansion, and consistent capital returns affirm its status as one of the gold sector’s premier investment opportunities—worthy of close, serious consideration by investors looking to the future.

How to buy AEM stock in Singapore?

Buying shares in Agnico Eagle Mines (AEM) online from Singapore is both simple and secure when you use a MAS-regulated broker. Today, retail investors can choose between two main methods: traditional spot buying, where you own the shares outright, and trading Contracts for Difference (CFDs), which allows for leveraged exposure to AEM’s price movements without owning the underlying stock. Each approach has its own advantages and risk profile. To help you choose the right platform and minimise your costs, don’t miss our detailed broker comparison further down this page.

Spot Buying

Spot buying means purchasing AEM shares directly through a securities broker. After your order, you become a direct shareholder and may benefit from AEM’s potential dividends and long-term growth. Singapore brokers typically charge a fixed commission per order—often between SGD 5 and SGD 25, depending on the platform and stock exchange.

Example

For example, say the AEM share price is USD 114.66 (NYSE) and you have SGD 1,400 (roughly USD 1,000) to invest. Including a SGD 7 (about USD 5) brokerage fee, you can buy about 8 shares of AEM.
✔️ Gain scenario:
If the share price rises by 10% to USD 126.13, your investment would now be worth about USD 1,100.
Result: a gross gain of USD 100, or +10% on your original stake (excluding any currency conversion costs).

Trading via CFD

CFD trading lets you speculate on AEM’s price movements without taking direct ownership of the shares. Instead, you enter a contract with your broker, opened with a margin (often just 20% of total exposure, thanks to leverage). Your broker may charge a spread (the difference between buy/sell prices) and overnight financing if you hold your position for more than a day.

Example

For example, with a starting capital of USD 1,000 and 5x leverage, you control an AEM position worth USD 5,000.
✔️ Gain scenario:
If AEM’s market price climbs by 8%, your position gains 8% × 5 = 40%.
Result: a profit of USD 400 on your USD 1,000 margin (before fees and financing costs).

Final Advice

Before you start investing in AEM shares, be sure to compare brokers on fees, supported markets and available features—our broker comparison further down can help. Your choice between spot buying and CFDs should depend on your investment goals and risk tolerance: direct share purchase is best for those seeking long-term growth and dividend income, while CFDs suit investors aiming for short-term, leveraged strategies. Empower your choice with thorough research and choose a safe, regulated provider for your investments.

Our 7 tips for buying AEM stock

The latest news about AEM

AEM maintains robust operational momentum, reporting record quarterly net income and sustained strong gold production. In Q1 2025, Agnico Eagle Mines Limited delivered adjusted net income of $770 million ($1.53 per share) with gold production reaching 873,794 ounces and an all-in sustaining cost of $1,183 per ounce, affirming its high efficiency and operational strengths. The company also reported free cash flow of $594 million and nearly eliminated net debt, reinforcing financial stability that is attractive for long-term investors and global analysts.

The company’s dividend reliability and upcoming ex-dividend date strengthen AEM’s profile for yield-oriented investors in Singapore. Agnico Eagle has declared a quarterly dividend of $0.40 per share, payable June 16, 2025, with the ex-dividend date set for May 30, 2025. This continues the group’s 40-year record of uninterrupted dividends, providing Singaporean and Asia-based investors with a compelling income narrative and reflecting Agnico Eagle’s commitment to shareholder returns regardless of market cycles.

AEM continues strategic expansion with major project milestones and promising exploration results supporting future growth. Key pipeline projects such as the Canadian Malartic’s Odyssey underground development, Hope Bay, and the ramp-up at Detour Lake are progressing according to plan, with recently announced successful drill outcomes and project advancements. The acquisition of O3 Mining Inc. further consolidates AEM’s strategic presence in North America, while ongoing progress on the San Nicolás Project in Mexico in partnership with Teck Resources highlights management’s disciplined expansion strategy, supporting long-term production targets.

Technical indicators and analyst sentiment support continuation of AEM’s bullish trend, with buy signals on key metrics. The stock is trading well above all major moving averages and the MACD, Williams %R, and ADX all indicate buy signals. Market consensus remains positive, with technical analysis suggesting potential upside of over 20% in the next three months. This aligns with strong demand for gold as a safe-haven asset, particularly among Asian investors sensitive to macroeconomic volatility.

AEM’s international dividend payment options and global standing make it an attractive blue-chip exposure for Singapore’s investors. Through the International Dividend Currency Exchange program, Agnico Eagle facilitates convenient dividend payments to non-Canadian investors, including those in Singapore. As the world’s third-largest gold producer with a strong balance sheet and diversified operations across multiple continents, AEM provides Singaporean institutional and retail investors with direct access to the global gold mining sector and associated US dollar revenue streams, diversifying their portfolios against regional risks.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.