Agnico Eagle Mines Surges on High Trading Volume, Strategy Backtest Shows Gains in Top 500 by Daily Volume

Agnico Eagle Mines (AEM) surged 3.42% on August 20, 2025, with a trading volume of $0.35 billion. Year-to-date, the stock has gained 68.42%, outperforming the S&P/TSX Composite index’s 13.23% return, while its 1-year gain of 70.07% far exceeds the benchmark’s 21.02%.

Analysts remain bullish, with six firms issuing “Buy” ratings and a consensus price target of C$79.28, implying a 19.8% upside from the current price of C$66.17. The stock’s 3.23% dividend yield, supported by a sustainable payout ratio of 31.61%, adds to its appeal. Institutional ownership at 67.28% highlights strong market confidence, though limited analyst coverage—just two reports in the past 90 days—suggests reduced attention compared to peers.

The backtest of a strategy buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 yielded moderate returns. The total profit reached $2,385.14 as of the latest data, with steady growth observed over the past year despite minor fluctuations.