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Agnico Eagle Mines (NYSE:AEM) was upgraded by stock analysts at TD Securities to a “buy” rating in a report issued on Tuesday.

Several other analysts have also recently commented on the stock. Analysts at Barclays initiated coverage on shares of Agnico Eagle Mines in a research note on Tuesday. They set an “outperform” rating and a $39.00 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Agnico Eagle Mines from $23.80 to $22.63 in a research note on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $37.18.

Shares of Agnico Eagle Mines (NYSE:AEM) opened at 33.46 on Tuesday. Agnico Eagle Mines has a 52 week low of $23.77 and a 52 week high of $35.46. The stock has a 50-day moving average of $31.53 and a 200-day moving average of $30.35. The company’s market cap is $5.824 billion.

Agnico Eagle Mines (NYSE:AEM) last announced its earnings results on Thursday, May 1st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.41. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $438.30 million. During the same quarter last year, the company posted $0.31 earnings per share. Agnico Eagle Mines’s revenue was up 16.8% compared to the same quarter last year. On average, analysts predict that Agnico Eagle Mines will post $1.21 earnings per share for the current fiscal year.

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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