Agnico-Eagle Mines Limited Upgraded to Buy by Sterne Agee (AEM)
Agnico-Eagle Mines Limited (NYSE:AEM) was upgraded by Sterne Agee from a “neutral” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on AEM. Analysts at Barclays cut their price target on shares of Agnico-Eagle Mines Limited from $37.00 to $33.00 in a research note to investors on Friday, January 17th. They now have an “equal weight” rating on the stock. Separately, analysts at UBS AG upgraded shares of Agnico-Eagle Mines Limited from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 15th. Finally, analysts at Canaccord Genuity upgraded shares of Agnico-Eagle Mines Limited from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.22.
Agnico-Eagle Mines Limited (NYSE:AEM) opened at 29.78 on Thursday. Agnico-Eagle Mines Limited has a 52-week low of $23.77 and a 52-week high of $49.30. The stock’s 50-day moving average is $26.85 and its 200-day moving average is $27.73. The company has a market cap of $5.165 billion and a P/E ratio of 38.20.
Agnico-Eagle Mines Limited (NYSE: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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