Agnico Eagle Mines Stock Rating Reaffirmed by BMO Capital Markets (AEM)
Agnico Eagle Mines (TSE:AEM)‘s stock had its “market perform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued to investors on Thursday, ARN reports.
Shares of Agnico Eagle Mines (TSE:AEM) traded up 0.19% on Thursday, hitting $36.23. 1,460,652 shares of the company’s stock traded hands. Agnico Eagle Mines has a one year low of $24.66 and a one year high of $45.94. The stock’s 50-day moving average is $32.33 and its 200-day moving average is $29.73. The company has a market cap of $6.283 billion and a P/E ratio of 47.58.
Several other analysts have also recently commented on the stock. Analysts at TD Securities upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. They now have a C$33.50 price target on the stock, up previously from C$32.00. Separately, analysts at Canaccord Genuity upgraded shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. They now have a C$33.50 price target on the stock, up previously from C$32.00. Finally, analysts at Scotiabank downgraded shares of Agnico Eagle Mines to a “sector perform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$31.69.
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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