Why Agnico Eagle Mines Ltd. (AEM) Went Up On Thursday?

We recently published a list of 10 Firms Buck Thursday’s Market Bloodbath. In this article, we are going to take a look at where Agnico Eagle Mines Ltd. (NYSE:AEM) stands against other Thursday’s best performers.

Investors sold off positions on Thursday, sending the stock market tumbling anew following President Donald Trump’s announcement that he had actually raised tariffs on Chinese goods by 145 percent since taking office.

Among all major indices, the Nasdaq was battered the most, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent.

Meanwhile, 10 companies bucked a broader market decline, registering modest gains during the session.

In this article, we have listed Thursday’s 10 best performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

A macro view of a gold mine, with miners hard at work in the foreground.

Agnico Eagle Mines Ltd. (NYSE:AEM)

Agnico Eagle extended its winning streak for a fourth straight day on Thursday, adding 5.43 percent to finish at $111.55 apiece in line with its counterparts and higher gold prices.

With the ongoing trade tensions globally, investors found safety in gold and mining firms resulting in the rally of gold mining stocks.

On the same day, spot prices of gold finished 0.35 percent higher at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session.

Additionally, AEM earned a bullish outlook from former hedge fund manager Jim Cramer, who is also the host of the Mad Money show on CNBC.

In his show, Cramer mentioned multiple times how he likes AEM’s stock.

“I like Agnico Eagle…one of the more gold-oriented companies,” he was quoted as saying.

AEM is a Canada-based gold miner and the third largest gold producer in the world. It currently has operations in Canada, Australia, Finland and Mexico.

Overall, AEM ranks 7th on our list of Thursday’s best performers. While we acknowledge the potential of AEM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.