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Analysts at BMO Capital Markets started coverage on shares of Agnico Eagle Mines (TSE:AEM) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating on the stock.

Agnico Eagle Mines (TSE:AEM) traded up 1.74% on Tuesday, hitting $36.92. 1,363,123 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 $39.30. The stock has a 50-day moving average of $34.3 and a 200-day moving average of $33.20. The company’s market cap is $6.426 billion.

Agnico Eagle Mines (TSE:AEM) last released its earnings data on Monday, May 5th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.41. Analysts expect that Agnico Eagle Mines will post $1.10 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Agnico Eagle Mines from C$36.00 to C$39.00 in a research note on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Agnico Eagle Mines from C$38.00 to C$40.00 in a research note on Friday, May 23rd. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Agnico Eagle Mines from C$29.00 to C$31.00 in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$34.09.

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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