Should I Buy AEM Stock in Singapore in 2025?

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At HelloSafe, our expert has been tracking the performance of AEM for over three years. Every month, hundreds of thousands of users in Singapore trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance 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 rising this week. Currently, AEM trades at $120.06 USD, up 1.15% over the last 24 hours and showing active week-long volatility. With a market capitalisation of $60.45 billion USD and a robust 3-month average volume of 3.67 million shares, AEM maintains strong liquidity. The stock’s P/E ratio stands at 25.60, offering a dividend yield of 1.35%, while its beta is a stable 0.50—indicating lower volatility than many peers. This stability and consistent growth may appeal to investors seeking reliable participation in the gold mining sector.

Our full analysis of the AEM stock

After reviewing AEM's latest financial results and the stock’s performance over the last three years, our in-depth analysis, leveraging proprietary algorithms to synthesize financial metrics, technical patterns, and peer benchmarks, provides powerful insights. By consolidating perspectives from multiple analytical frameworks—ranging from trading volumes and valuation multiples to sectoral positioning—we offer a comprehensive overview. So, why might AEM stock once again become a strategic entry point into the global resources sector in 2025?

Recent performance and market context

AEM has delivered an outstanding run over the past year, with its stock rising by 76.43% and outperforming both peer miners and broader indices. The recent move to $120.06 USD per share—and a 1.15% positive shift over the last 24 hours—underscores sustained investor confidence, further bolstered by a 6-month performance of +48.08%. This bull run is underpinned by robust quarterly earnings and a growing market capitalization now surpassing $60.44 billion USD. AEM’s outperformance is not occurring in a vacuum: 2025 has seen gold prices hit new highs above $2,940/oz, offering a macroeconomic tailwind for gold-focused equities. In addition, the market’s search for assets that combine growth, stability, and inflation protection places miners like AEM—inherently resilient amid global uncertainty—in the spotlight for Singaporean and international investors alike. The site of continued strong demand for gold as a safe haven, particularly from Asian and institutional buyers, adds another layer of conviction.

Operationally, AEM has cemented its strengths, consistently exceeding analyst expectations. The company posted record Q1 2025 revenue of $2.5 billion with a net income of $815 million, demonstrating strong cost control, high margins (profit margin of 26.48%), and a powerful free cash flow profile ($594 million this quarter). Additionally, sustained dividend payments and prudent balance sheet management—including minimal debt and ongoing debt reduction—ensure AEM maintains both defensive and offensive attributes. These strengths, combined with a stable and diversified geographic footprint across Canada, Australia, Finland, and Mexico, underscore a global reach supported by best-in-class governance and operational excellence.

Technical analysis

From a technical standpoint, AEM’s chart structure suggests the onset of a new bullish cycle. The stock is trading above key long-term moving averages (20-, 50-, 100-, and 200-day), with the 6-month trend affirming continued investor accumulation. The short-term RSI sits between 45-52—squarely in neutral territory—offering traders a potential entry without an overbought risk. While some recent MACD readings are mixed, the broader trend points towards positive momentum, with three out of four major technical signals affirming a bullish setup.

Support levels up to $117.99 and psychological thresholds at $115 provide a safety net for entry, while initial resistance appears only at $126.76, leaving a broad window for upward price action. The stability of AEM’s technical profile is further underscored by its low beta (0.50), suggesting less systemic risk and dampened volatility compared to typical sector benchmarks.

Fundamental analysis

Fundamentally, AEM justifies considerable investor attention. Revenue has followed an upward trajectory, with strong growth driven by higher average gold prices and disciplined volume expansion. Profitability is notable—net margin exceeds 26%, return on equity stands at 11.45%, and return on assets is 7.81%. These figures surpass gold mining sector averages, highlighting operating leverage and efficiency.

AEM’s valuation, though reflecting quality, remains appealing given its earnings power and industry position. The current price/earnings (P/E) multiple of 25.60 is well supported by robust underlying cash flows, a predictable dividend yield of 1.35%, and minimal debt (debt/equity at 5.92%). Its price/sales and forward multiples also stack up favorably vs. peers, especially when factoring in forecasted gold price appreciation.

Strategically, AEM’s structural strengths are multifaceted:

• Recognized as the world’s second-largest gold producer and Canada’s largest.
• Committed to innovation, as evidenced by investments in advanced mine technologies and sustainable resource extraction.
• Possessing a strong, trusted brand—proven with 70+ years of profitable operations and uninterrupted dividends since 1983.

Notably, consistent investments in exploration ($290-310 million planned for 2025) and acquisitions (positioning in exciting juniors such as Foran Mining and Rupert Resources) fortify future growth.

Volume and liquidity

Liquidity is a key attribute supporting AEM’s valuation. The stock averages over 3.6 million shares in daily trading volume, a testament to deep market confidence and favorable conditions for institutional and retail participants. Its well-distributed float—across both North American and international exchanges—enables dynamic price discovery while mitigating excessive volatility, and ensures that new capital inflows can be absorbed without distorting valuations.

Moreover, the significant presence of institutional shareholders provides an additional layer of price stability and implies continued professional monitoring, both of which are particularly welcome qualities for Singaporean investors seeking reliable vehicles for regional and global diversification.

Catalysts and positive outlook

Looking forward, several imminent catalysts could continue to drive AEM’s upward momentum:

• Gold price upside: With major houses such as Goldman Sachs predicting gold could breach $3,700-$3,880/oz by year-end, AEM stands to benefit from strong commodity leverage.
• Operational growth: Stable production guidance of 3.3–3.5 million ounces annually through 2027 secures revenue visibility; new mine ramp-ups and efficiency gains may provide additional margin upside.
• M&A and partnerships: Recent and ongoing investments in emerging gold regions signal renewed dynamism and international ambition.
• ESG leadership: Release of the 16th Annual Sustainability Report, responsible environmental management, and engagement with major ESG funds, increasingly a focal point among institutional and regional (including Singapore-based) investors.
• Innovation: Deployment of new exploration and extraction techniques enhances long-term value creation and cost efficiency.
• Defensive attributes: With gold acting as a hedge in volatile markets and AEM’s own record of operational resilience, the stock continues to attract risk-aware investors seeking portfolio protection.

Combined, these elements offer a compelling backdrop in which further upward revisions of analyst price targets seem plausible, as suggested by a consensus target of $131.30 (and a “buy” rating from 19 covering analysts).

Investment strategies

AEM offers multiple avenues for tactical and strategic portfolio entry:

• Short-term positioning: Current levels present an auspicious entry given neutral technical momentum and proximity to support. Traders may consider capitalizing on upside toward the next resistance at $126.76, especially as gold continues to trend higher and market sentiment remains constructive.
• Medium-term outlook: Over a multi-quarter horizon, catalysts such as positive earnings surprises, dividend enhancements, and updates from active exploration projects can justify additional accumulation. The stock’s beta offers attractive risk/reward, making it well-suited to medium-term, volatility-aware allocations.
• Long-term perspective: For buy-and-hold investors, AEM’s value proposition is built on decades of disciplined growth, a fortress-like balance sheet, commitment to shareholder returns via consistent dividends, and a unique ability to deliver income and capital gains in both cyclical upturns and defensive market phases. In the context of a portfolio seeking diversification, resilience, and participation in structural gold demand, AEM is a powerful component.

Ideal positioning may involve scaling in on minor price pullbacks or ahead of major catalysts such as quarterly results, exploration updates, or sector-wide gold rallies. Given its liquidity and large-cap status, AEM remains accessible to both institutional and sophisticated retail investors in Singapore.

Is it the right time to buy AEM?

In conclusion, AEM crystallizes the strengths that define a top-tier global resources investment—sector leadership, robust financials, operational excellence, and an ability to navigate market cycles with agility and discipline. The recent surge in gold prices, combined with the company’s proven ability to capitalize on these favorable macro conditions, underscores significant upside potential, as does its visible pipeline of value-creating catalysts.

With a rare blend of defensive assets, dividend regularity, innovation, and a compelling growth outlook, the fundamentals of AEM absolutely justify renewed interest for investor portfolios in Singapore and the Asia-Pacific region. For those seeking exposure to both short-term trading momentum and long-term wealth creation in a low-beta, inflation-hedging gold stock, AEM now seems to represent an excellent opportunity. The bullish momentum and upcoming catalysts reinforce conviction that the stock may be entering a new growth phase—supporting both tactical entries and strategic allocations for forward-looking investors ready to capture value from one of the world’s premier gold mining assets.

How to buy AEM stock in Singapore?

Buying AEM stock online is straightforward and secure when you use a regulated broker in Singapore. Investors can easily choose between two main approaches: the classic spot buying of shares or trading AEM via CFDs (Contracts for Difference), each offering different features and flexibility. Both options provide timely execution and transparency, making access to AEM shares more convenient than ever. For a side-by-side comparison of online brokers and their fees, see the broker table further down the page.

Spot buying

When you buy AEM stock “in cash,” you become the direct owner of the shares, which can be held in your trading or securities account. Most SG brokers charge a fixed commission per trade (often around SGD 5–10), depending on the platform and order size.

Gain scenario

If the AEM share price is $120.06 USD, you can buy around 8 shares with a $1,000 stake, including a brokerage fee of around $5.

If the share price rises by 10%, your shares are now worth $1,100.

Result: +$100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFD trading on AEM means speculating on the share’s price movement without physically owning the stock. With CFDs, you typically pay the spread (the difference between buy and sell price), and if you hold your position overnight, there is often a financing fee. CFD brokers offer leverage, enabling greater potential returns—while also magnifying possible losses.

Example of a CFD Gain with Leverage

You open a CFD position on AEM shares, with 5x leverage.

This gives you a market exposure of $5,000.

✔️ Gain scenario:

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

Final advice

Before investing, always compare the fees, trading conditions, and risk management tools offered by different brokers, as these can greatly affect overall returns. The most suitable method—spot buying or CFD trading—ultimately depends on your financial objectives, risk tolerance, and investment strategy. For a more detailed comparison of brokers active in Singapore, refer to the table located further on this page.

Our 7 tips for buying AEM stock

The latest news about AEM

AEM reported a strong price gain of 1.15% over the last trading day with robust volume support. Shares closed at $120.06 USD on the NYSE, up $1.36 from the previous session, accompanied by a daily volume of 1,409,345—demonstrating renewed investor confidence after recent consolidation and indicating persistent interest among institutional buyers.

Gold prices have reached new highs this week, trading above $2,940 per ounce. This ongoing rally in gold—a key driver of AEM’s revenue—directly supports the company’s top-line growth and underpins a bullish sector outlook, which is especially relevant for Singapore investors seeking diversification into commodities and inflation hedges.

AEM maintained its annual gold production guidance at 3.30-3.50 million ounces, reaffirmed in the latest disclosures. Stable production forecasts assure both operational predictability and sustained cash flows, which are vital factors for the regional institutional clients and wealth managers monitoring resource sector allocations from Singapore.

The company was highlighted in several leading analyst reports as a top ESG performer. AEM’s leadership in sustainable mining practices and transparent reporting was positively cited in its 16th Annual Sustainability Report, attracting increasing flows from ESG-focused investment mandates in Asia, a segment growing rapidly within Singapore’s asset management industry.

Consensus analyst ratings remain overwhelmingly positive, projecting further upside for AEM shares. Nineteen analysts, as of this week, maintain a buy consensus, with an updated target of $131.30 USD—signaling market conviction and sustained momentum as AEM continues to outperform the broader gold mining sector.

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.