Agnico Eagle Mines Limited (AEM) Hits Record High; Sells Nearly 48 Million Shares of Royal Road Minerals Limited for Almost $4.1 Million

Group 1 - Agnico Eagle Mines Limited (AEM) has been recognized as one of the 13 Best Quality Stocks to Buy according to hedge funds, indicating significant upside potential [1] - On September 29, 2025, Agnico Eagle sold its entire holding of 47,944,981 shares of Royal Road Minerals Limited for nearly $4.1 million, reflecting a strategic divestiture [2][3] - Prior to the sale, Agnico Eagle owned about 18% of Royal Road's issued and outstanding shares, and the divestiture allows the company to monetize its position while aligning with its strategic priorities [3] Group 2 - The stock of Agnico Eagle reached a record high of $167.94 on the same day of the sale, showcasing strong investor confidence [4] - The company's approach to capital allocation is methodical, focusing on quality expansion initiatives across its operations in Canada, Australia, Finland, and Mexico [4] - Agnico Eagle is engaged in the exploration, development, and production of precious metals, reinforcing its status as a high-quality stock in the mining sector [5]