Analyst Rating Update on Agnico Eagle Mines Limited (AEM)

Agnico Eagle Mines Limited (AEM) : 15 analysts are covering Agnico Eagle Mines Limited (AEM) and their average rating on the stock is 2.13, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Agnico Eagle Mines Limited (AEM) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Agnico Eagle Mines Limited (AEM) : 11 investment research analysts covering Agnico Eagle Mines Limited (AEM) have an average price target of $53.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $68 and the lowest target is $37 for the short term. Analysts expect the variance to be within $10.37 of the average price.

Company shares have received an average consensus rating of Hold for the current week


Agnico Eagle Mines Limited (NYSE:AEM): The stock opened at $59.10 on Wednesday but the bulls could not build on the opening and the stock topped out at $59.67 for the day. The stock traded down to $58.40 during the day, due to lack of any buying support eventually closed down at $59.32 with a loss of -0.10% for the day. The stock had closed at $59.38 on the previous day. The total traded volume was 1,324,935 shares.

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.

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