Agnico Eagle Mines PT Raised to C$39.00 (AEM)
Investment analysts at CSFB hoisted their target price on shares of Agnico Eagle Mines (TSE:AEM) from C$37.00 to C$39.00 in a note issued to investors on Thursday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. CSFB’s price objective would suggest a potential upside of 45.25% from the stock’s previous close.
A number of other firms have also recently commented on AEM. Analysts at Canaccord Genuity initiated coverage on shares of Agnico Eagle Mines in a research note to investors on Thursday. They set a “hold” rating on the stock. Separately, analysts at Desjardins upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note to investors on Thursday. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research note to investors on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$33.25.
Agnico Eagle Mines (TSE:AEM) traded up 18.36% during mid-day trading on Thursday, hitting $31.78. 4,515,560 shares of the company’s stock traded hands. Agnico Eagle Mines has a 52 week low of $24.66 and a 52 week high of $56.99. The stock has a 50-day moving average of $30.47 and a 200-day moving average of $32.92. The company has a market cap of $5.495 billion and a P/E ratio of 24.30.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.