Short Term Rating on Agnico Eagle Mines Limited (AEM)

Agnico Eagle Mines Limited (AEM) : 6 brokerage houses believe that Agnico Eagle Mines Limited (AEM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Agnico Eagle Mines Limited (AEM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.07.

Agnico Eagle Mines Limited (AEM) : The highest short term price target forecast on Agnico Eagle Mines Limited (AEM) is $66 and the lowest target price is $33. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $46.99 with a standard deviation of $9.75.

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


Agnico Eagle Mines Limited (NYSE:AEM): The stock opened at $55.47 on Tuesday but the bulls could not build on the opening and the stock topped out at $55.47 for the day. The stock traded down to $54.23 during the day, due to lack of any buying support eventually closed down at $54.28 with a loss of -2.27% for the day. The stock had closed at $55.54 on the previous day. The total traded volume was 2,199,715 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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