Agnico Eagle Mines Ltd (AEM) Stock Rating Reaffirmed by TD Securities
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM)‘s stock had its “hold” rating restated by TD Securities in a research report issued to clients and investors on Friday. They currently have a C$61.00 price target on the stock. TD Securities’ price objective suggests a potential upside of 5.06% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity decreased their price target on shares of Agnico Eagle Mines to C$81.00 in a research report on Monday, October 24th. Desjardins decreased their price target on shares of Agnico Eagle Mines to C$77.00 in a research report on Thursday, October 20th. Raymond James Financial Inc. raised shares of Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Tuesday, October 25th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$63.25.
Agnico Eagle Mines (TSE:AEM) opened at 58.06 on Friday. The company has a 50-day moving average price of $63.24 and a 200 day moving average price of $66.94. Agnico Eagle Mines has a 52-week low of $34.45 and a 52-week high of $78.35. The stock has a market cap of $13.04 billion and a price-to-earnings ratio of 163.09.
Agnico Eagle Mines Company Profile
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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