Agnico Eagle Mines Surges 90% YTD Outpacing Gold ETF as Earnings and Sector Momentum Secure 212th Market Activity Rank

On September 3, 2025, Agnico Eagle Mines (AEM) closed with a 0.70% gain, trading at a volume of $0.48 billion, down 40.2% from the prior day, ranking 212th in market activity. The stock has surged over 90% year-to-date, outperforming the SPDR Gold ETF and major indices, driven by robust earnings and industry momentum.

Analysts highlight AEM’s position in the top 36% of Zacks-ranked industries, with the gold mining sector poised to outperform due to favorable macroeconomic conditions. Gold’s strength is attributed to the U.S. dollar’s 11% decline in H1 2025 and anticipation of Fed rate cuts. AEM’s operational expansion, including the Kittila project and strategic acquisitions, has bolstered its market leadership. The company has exceeded earnings estimates for 14 consecutive quarters, with 2025 EPS estimates raised 8.1% in 60 days, reflecting a 64% growth year-over-year.

Technical and fundamental indicators support AEM’s bull case. The stock’s Earnings ESP of +4.87% suggests a high likelihood of another earnings beat in late October. Rising buying pressure and a strong earnings revision trend underscore investor confidence. However, market volatility and broader economic uncertainties remain potential headwinds.

A 10-year backtest shows that stocks with a Zacks Rank #3 or higher and positive Earnings ESP generated positive surprises 70% of the time.