Agnico Eagle Mines Ltd (AEM) Stock Rating Reaffirmed by Scotiabank
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM)‘s stock had its “outperform” rating reiterated by equities research analysts at Scotiabank in a report issued on Tuesday. They presently have a C$68.50 price objective on the stock. Scotiabank’s price target points to a potential upside of 27.37% from the stock’s current price.
Several other equities analysts also recently commented on AEM. TD Securities upped their price objective on Agnico Eagle Mines from C$56.00 to C$61.00 and gave the company a “hold” rating in a research note on Thursday, August 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 19th. Desjardins dropped their target price on Agnico Eagle Mines to C$77.00 in a research report on Thursday, October 20th. Canaccord Genuity dropped their target price on Agnico Eagle Mines to C$81.00 in a research report on Monday, October 24th. Finally, Raymond James Financial Inc. upgraded Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 25th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$66.88.
Shares of Agnico Eagle Mines (TSE:AEM) opened at 53.78 on Tuesday. The company’s 50-day moving average price is $62.65 and its 200-day moving average price is $66.83. Agnico Eagle Mines has a 12 month low of $34.45 and a 12 month high of $78.35. The company has a market cap of $12.08 billion and a price-to-earnings ratio of 151.07.
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About Agnico Eagle Mines
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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