Brokerage Firm Rating Update on Agnico Eagle Mines Limited (AEM)

Agnico Eagle Mines Limited (AEM) : The consensus on Agnico Eagle Mines Limited (AEM) based on 12 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Agnico Eagle Mines Limited (AEM) : The highest level Agnico Eagle Mines Limited (AEM) is projected to reach is $68 for the short term and the lowest estimate is at $37. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $58.3 and the possibility the share price can swing is $10.18.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, RBC Capital downgrades its ratings on Agnico Eagle Mines Limited (NYSE:AEM). According to the latest information available, the shares are now rated Sector Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 8, 2016.

Agnico Eagle Mines Limited (NYSE:AEM): The stock opened at $55.87 and touched an intraday high of $56.245 on Wednesday. During the day, the stock corrected to an intraday low of $54.94, however, the bulls stepped in and pushed the price higher to close in the green at $56.12 with a gain of 0.45% for the day. The total traded volume for the day was 1,746,958. The stock had closed at $55.87 in the previous trading session.

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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