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Agnico Eagle Mines (TSE:AEM) was upgraded by stock analysts at Dundee Securities from a “neutral” rating to a “buy” rating in a report issued on Thursday, Stock Ratings News reports. The firm currently has a C$40.00 price target on the stock, down from their previous price target of C$42.00. Dundee Securities’ target price suggests a potential upside of 28.33% from the stock’s previous close.

Shares of Agnico Eagle Mines (TSE:AEM) traded down 0.86% on Thursday, hitting $31.17. The stock had a trading volume of 1,740,822 shares. Agnico Eagle Mines has a 1-year low of $24.66 and a 1-year high of $39.30. The stock has a 50-day moving average of $34.44 and a 200-day moving average of $31.70. The company has a market cap of $5.431 billion and a price-to-earnings ratio of 41.37.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity upgraded shares of Agnico Eagle Mines to a “buy” rating in a research note on Friday, March 28th. Finally, analysts at UBS AG upgraded shares of Agnico Eagle Mines to a “buy” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Agnico Eagle Mines currently has a consensus rating of “Hold” and an average price target of C$32.25.

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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