Investors interested in stocks from the Mining - Gold sector have probably already heard of Centerra Gold Inc. (CGAU) and Agnico Eagle Mines (AEM). But which of these two companies is the best option for those looking for undervalued stocks?

Agnico Eagle Mines Limited delivered FY2025 production of ~3.45M oz, beating guidance once again and driving free cash flow up 105% to ~$4.4B. Given the record year, Agnico raised its dividend to $1.80/share annualized, returned additional cash to shareholders through buybacks, and still has a war chest to fund growth capex. As for the 3-year outlook, production is expected to remain relatively flat but should hit record levels in 2030, and despite this pause, per share metrics remain at record levels.

Agnico (AEM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

AEM shines with upbeat earnings, but rising unit costs and inflation pressure could test its margin discipline in 2026.

Stock Symbol:  AEM (NYSE and TSX) TORONTO, Feb. 17, 2026 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has acquired 662,780 common shares ("Common Shares") of Maple Gold Mines Ltd. (TSXV: MGM) ("Maple") at C$2.45 per Common Share (the "Share Purchases") for total consideration of C$1,623,811 from several sellers that participated in an offering of flow-through Common Shares undertaken by Maple immediately prior to the Share Purchases.

Agnico Eagle Mines remains a Buy, underpinned by record results, robust financials, and peer-leading cost structure amid surging gold prices. AEM achieved several records, with a free cash flow of $4.4B in 2025 and a very solid AISC of $1,339 throughout the year. Updated guidance targets 3.3–3.5M ounces in 2026 at an AISC of $1,400–$1,550/oz, with stable production and significant organic growth potential in the long term thanks to project ramp-ups.

Agnico Eagle Mines Limited (AEM) Q4 2025 Earnings Call Transcript

Shares of Agnico Eagle Mines Ltd (TSX:AEM) rose about 5.5% in New York trading after the gold producer reported a modest fourth-quarter earnings beat and maintained its three-year production outlook. Agnico posted adjusted fourth-quarter 2025 earnings per share of $2.70, slightly ahead of the $2.68 consensus estimate, while adjusted EBITDA of $2.51 billion also topped expectations.

Does Agnico Eagle Mines (AEM) have what it takes to be a top stock pick for momentum investors? Let's find out.

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