Agnico Eagle Mines Limited (NYSE:AEM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.07 by 14 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. BMO Capital downgrades their rating on the shares of Agnico Eagle Mines Limited (NYSE:AEM). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 12, 2016.
Agnico Eagle Mines Limited (NYSE:AEM) shares are expected to touch $43.91 in the short term. This short term price target has been shared by 12 analysts. However, the standard deviation of short term price estimate has been valued at 6.71. The target price could hit $54 on the higher end and $33 on the lower end.
Agnico Eagle Mines Limited (NYSE:AEM) witnessed a decline in the market cap on Tuesday as its shares dropped 1.49% or 0.75 points. After the session commenced at $49.67, the stock reached the higher end at $50.16 while it hit a low of $49.44. With the volume soaring to 1,283,798 shares, the last trade was called at $49.64. The company has a 52-week high of $52.7867. The company has a market cap of $10,945 million and there are 220,478,250 shares in outstanding. The 52-week low of the share price is $21.
Agnico Eagle Mines Limited has dropped 0.56% in the last five trading days, however, the shares have posted positive gains of 7.69% in the last 4 weeks. Agnico Eagle Mines Limited is up 32.58% in the last 3-month period. Year-to-Date the stock performance stands at 89.66%.
Agnico Eagle Mines Ltd is a Canada-based gold producer. The Company has mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, and exploration activities in Canada, Europe, Latin America and the United States. It operates through three business units: Northern Business, Southern Business and Exploration. Its Northern Business consists of the operations in Canada and Finland, which include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project. Its Southern Business consists of the Companys operations in Mexico. The Companys mining at Pinos Altos is conducted through its subsidiary, Agnico Eagle Mexico S.A. de C.V., which owns the Pinos Altos mine, including the Creston Mascota deposit. Its Exploration group focuses on the identification of new mineral reserves and resources, and new developments in stable and proven gold producing regions.