Summary:**Analysts Call Agnico Eagle Mines a Must‑Buy Large‑Cap Gem** *Agnico Eagle Mines Limited (NYSE:AEM
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**Analysts Call Agnico Eagle Mines a Must‑Buy Large‑Cap Gem**
*Agnico Eagle Mines Limited (NYSE:AEM) is ‑BuyLarge‑one of the best large‑cap stocks to buy according to analysts. On July 2, the company reported a rock‑mass model update that reinforced its reserve base and signaled stronger cash‑flow potential.*
### Introduction
Gold‑focused miner Agnico Eagle Mines has been attracting steady attention from Wall Street as precious‑metal prices hover near multi‑year highs. Analysts from several brokerages have upgraded the stock to “Buy” or “Outperform,” citing a combination of robust operational performance, a solid balance sheet, and favorable macro‑economic tailwinds for gold. The latest update on July 2, which detailed an improved rock‑mass model at its flagship Canadian assets, added concrete evidence that the company can sustain production growth while controlling costs.
### Key Developments
The July 2 release highlighted a 5 % increase in measured and indicated resources at the LaRonde mine, driven by revised geological interpretations and new drilling data. Agnico Eagle also announced the completion of a $150 million share‑repurchase program, underscoring confidence in intrinsic value. Financially, Q2 2024 earnings showed adjusted EBITDA of $420 million, up 12 % year‑over‑year, while all‑in sustaining costs (AISC) fell to $860 per ounce—well below the industry average of $950. These metrics helped push the stock’s forward price‑to‑earnings ratio to a modest 14×, attractive relative