Today’s Rating Change: Agnico Eagle Mines Limited (TSE:AEM) Stock Rating Reiterated at RBC Capital Markets; The $90.00 Target Indicates 63.99% Potential

November 23, 2016 - By Peter Erickson

Agnico Eagle Mines Limited (TSE:AEM) Rating

In a note revealed to clients and investors on Wednesday, 23 November, Agnico Eagle Mines Limited (TSE:AEM) stock “Sector Perform” was restate by Analysts at RBC Capital Markets. They currently have a $90.00 price target on the stock. RBC Capital Markets’s price target indicates a potential upside of 63.99% from the company’s current stock price.

Agnico Eagle Mines Ltd (TSE:AEM) Ratings Coverage

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 -3.58% below today’s ($54.73) stock price. Agnico Eagle Mines has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, November 18, the company rating was maintained by TD Securities. The firm has “Outperform” rating by IBC given on Friday, July 24. On Monday, September 19 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Agnico Eagle Mines Ltd (TSE:AEM) earned “Outperform” rating by Raymond James on Tuesday, October 25. The firm earned “Outperform” rating on Monday, October 26 by RBC Capital Markets. The firm has “Sector Perform” rating given on Tuesday, October 25 by RBC Capital Markets. TD Securities maintained Agnico Eagle Mines Ltd (TSE:AEM) on Friday, July 22 with “Hold” rating. Scotia Capital maintained it with “Outperform” rating and $68.50 target price in Tuesday, November 22 report. The firm has “Buy” rating given on Wednesday, July 22 by HSBC. The company was initiated on Thursday, February 4 by JP Morgan.

About 128,406 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 $12.20 billion. The Firm operates through three business units. It has a 114.68 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.”

AEM Company Profile

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.

More news for Agnico Eagle Mines Ltd (TSE:AEM) were recently published by: Prnewswire.com, which released: “Technical Reports on Basic Materials Equities — Agnico Eagle Mines, Timmins …” on November 23, 2016. Forbes.com‘s article titled: “Relative Strength Alert For Agnico Eagle Mines (AEM)” and published on November 11, 2016 is yet another important article.

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