Agnico Eagle Mines Given New C$27.00 Price Target at JPMorgan Chase & Co. (AEM)
Stock analysts at JPMorgan Chase & Co. dropped their target price on shares of Agnico Eagle Mines (TSE:AEM) from C$29.00 to C$27.00 in a report issued on Thursday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 10.57% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital cut their price target on shares of Agnico Eagle Mines (TSE:AEM) from C$37.00 to C$34.00 in a research note to investors on Friday, September 6th. Separately, analysts at CIBC cut their price target on shares of Agnico Eagle Mines (TSE:AEM) to C$31.00 in a research note to investors on Friday, July 26th. They now have a “sector perform” rating on the stock. Finally, analysts at Mackie reiterated a “sell” rating on shares of Agnico Eagle Mines (TSE:AEM) in a research note to investors on Friday, July 26th.
One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Agnico Eagle Mines presently has a consensus rating of “Hold” and a consensus target price of C$36.13.
Shares of Agnico Eagle Mines (TSE:AEM) traded down 2.48% on Thursday, hitting $29.44. The stock had a trading volume of 887,023 shares. Agnico Eagle Mines has a 52 week low of $26.18 and a 52 week high of $56.99. The stock’s 50-day moving average is $30.38 and its 200-day moving average is $32.55. The company has a market cap of $5.091 billion and a P/E ratio of 27.32.
Agnico-Eagle Mines Limited (TSE:AEM) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States.
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