Zacks Rating on Agnico Eagle Mines Limited (AEM)

Agnico Eagle Mines Limited (AEM) : Zacks Investment Research ranks Agnico Eagle Mines Limited (AEM) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.33, which indicates as a Buy.

Agnico Eagle Mines Limited (AEM) : The consensus price target for Agnico Eagle Mines Limited (AEM) is $58.3 for the short term with a standard deviation of $10.18. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $68, however, the pessimist price target for the company is $37.


Agnico Eagle Mines Limited has dropped 3.83% in the last five trading days, however, the shares have posted positive gains of 9.05% in the last 4 weeks. Agnico Eagle Mines Limited is up 26.91% in the last 3-month period. Year-to-Date the stock performance stands at 113.68%. Agnico Eagle Mines Limited (NYSE:AEM): On Tuesdays trading session , Opening price of the stock was $56.53 with an intraday high of $56.69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $55.5. However, the stock managed to close at $55.93, a loss of 0.57% for the day. On the previous day, the stock had closed at $56.25. The total traded volume of the day was 1,498,352 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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