Agnico Eagle Mines Limited (NYSE:AEM) is one of the most undervalued growth stocks to buy, according to analysts. On March 24, Erste Group downgraded Agnico Eagle Mines Limited (NYSE:AEM) stock rating to a Hold from Buy. The downgrade follows a period of underperformance that has seen the stock pull back significantly.

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Agnico-Eagle Mines was one of the stocks that rallied as gold prices reached all-time highs above $5,000 an ounce. However, the precious metal has pulled back, plunging by more than 15% from all-time highs. The sell-off in the precious metal has also triggered a 10%+ pullback in the stock’s price.

According to Erste Group, Agnico-Eagle is under pressure in the short term amid changing market conditions, which are likely to affect its operating margins. The research firm has already warned that the current profit forecasts are too high, given the significant pullback in gold prices.

In its fourth quarter of 2025, the company achieved earnings per share of $2.70, better than the $2.62 per share expected, and revenues totaled $3.56 billion, exceeding the $3.42 billion expected.

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold producer, recognized as one of the world’s largest gold mining companies. It focuses on exploring, developing, and operating high-quality mines in low-risk jurisdictions, primarily in Canada, Australia, Finland, and Mexico, with further exploration projects in the U.S. and Colombia.

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