Agnico Eagle Mines Limited (AEM) Increases Stake in Osisko as it Targets High Geological Potential Projects

Company Overview - Agnico Eagle Mines Limited (NYSE:AEM) is a major Canadian-based gold mining company that explores, develops, and produces precious metals, primarily gold, but also silver, zinc, and copper from mines in Canada, Australia, Finland, and Mexico [5] Recent Developments - On December 16, 2025, the company confirmed the acquisition of 26 million common shares of Osisko Metals for a total consideration of $12.48 million, increasing its ownership stake in Osisko to 9.85% on a non-diluted basis [2] - The investment is part of the company's strategy to acquire strategic positions in prospective projects with high geological potential [2][3] Strategic Focus - The company is increasingly focusing on investment portfolios with high-quality internal growth prospects, aiming to complement its pipeline by concentrating on projects with high geological potential [3] - Agnico Eagle has indicated that it may acquire additional Osisko securities or dispose of its holdings in Osisko, depending on market conditions and strategic priorities [3] Market Sentiment - Wall Street firms remain cautious about the company's prospects, with Jefferies reaffirming its Hold rating on Agnico Eagle and maintaining a $189 price target [4] - RBC Capital also reiterated a Hold rating on the stock on December 10, with a price target of $205 [4]