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Agnico Eagle Mines (NYSE: AEM) received a number of price target changes and ratings updates during the last week:

  • Agnico Eagle Mines was upgraded by analysts at TheStreet to a “hold” rating.
  • Agnico Eagle Mines had its price target raised by analysts at CIBC from $38.00 to $40.00. They now have a “sector outperform” rating on the stock.
  • Agnico Eagle Mines had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $23.80 price target on the stock, up previously from $23.63.
  • Agnico Eagle Mines was upgraded by analysts at Zacks from a “neutral” rating to an “outperform” rating. They now have a $36.00 price target on the stock.
  • Agnico Eagle Mines had its price target lowered by analysts at Cowen and Company from $23.80 to $22.63.

Agnico Eagle Mines Ltd (NYSE:AEM) traded down 0.24% on Friday, hitting $29.68. The stock had a trading volume of 895,069 shares. Agnico Eagle Mines Ltd has a one year low of $23.77 and a one year high of $35.46. The stock has a 50-day moving average of $30.82 and a 200-day moving average of $29.9. The company’s market cap is $5.166 billion. Agnico Eagle Mines also was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 7,773,529 shares, a growth of 51.7% from the April 30th total of 5,125,134 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average trading volume of 2,006,769 shares, the days-to-cover ratio is currently 3.9 days.

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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