November 23, 2016 - By Peter Erickson
They currently have a $68.50 TP on Agnico Eagle Mines Limited (TSE:AEM). Scotia Capital’s target would suggest a potential upside of 19.13% from the company’s previous close. This was released in an analyst report on Tuesday, 22 November.
Out of 10 analysts covering Agnico Eagle Mines (TSE:AEM), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. $81 is the highest target while $26 is the lowest. The $52.77 average target is -8.23% below today’s ($57.5) stock price. Agnico Eagle Mines has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Monday, September 19 with “Sector Perform”. The stock of Agnico Eagle Mines Ltd (TSE:AEM) has “Outperform” rating given on Monday, October 26 by RBC Capital Markets. On Tuesday, October 25 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Raymond James upgraded the stock to “Outperform” rating in Tuesday, October 25 report. The stock has “Overweight” rating given by JP Morgan on Thursday, February 4. The rating was maintained by TD Securities with “Hold” on Friday, July 22. The stock of Agnico Eagle Mines Ltd (TSE:AEM) has “Outperform” rating given on Tuesday, November 22 by Scotia Capital. The firm has “Buy” rating given on Wednesday, July 22 by HSBC. The firm earned “Outperform” rating on Friday, July 24 by IBC. TD Securities maintained it with “Hold” rating and $61 target price in Friday, November 18 report.
The stock decreased 0.96% or $0.56 on November 22, hitting $57.5. About 614,556 shares traded hands. Agnico Eagle Mines Ltd (TSE:AEM) has risen 9.40% since April 19, 2016 and is uptrending. It has outperformed by 4.07% the S&P500.
Agnico Eagle Mines Limited is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The company has a market cap of $12.78 billion. The Firm operates through three business units. It has a 119.96 P/E ratio. The Northern Business consists of its activities in Canada and Finland.
According to Zacks Investment Research, “Agnico-Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico, and exploration and development activities in Canada, Finland, Mexico and the U.S. Agnico-Eagle Mines Limited is based in Toronto, Canada.”
Agnico Eagle Mines Limited (Agnico Eagle), incorporated on June 1, 1972, is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Firm operates through three business units: Northern Business, Southern Business and Exploration. The Company’s Northern Business consists of the Company’s activities in Canada and Finland. The Company’s Canadian properties include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project, each of which is held directly by the Company, and an interest in the Canadian Malartic Mine, which is held indirectly through a subsidiary of the Company and Canadian Malartic Corporation. The Company’s activities in Finland are conducted through its indirect subsidiary, Agnico Eagle Finland Oy, which owns the Kittila mine. The Company’s Southern Business consists of the Company’s activities in Mexico. The Company’s Pinos Altos mine, including the Creston Mascota deposit, is held through its subsidiary, Agnico Eagle Mexico S.A. de C.V. The La India mine is owned by the Company’s indirect subsidiary, Agnico Sonora, S.A. de C.V.
Another recent and important Agnico Eagle Mines Ltd (TSE:AEM) news was published by Forbes.com which published an article titled: “Relative Strength Alert For Agnico Eagle Mines (AEM)” on November 11, 2016.
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