RBC Capital analyst Josh Wolfson maintained a Buy rating on Agnico Eagle (AEM – Research Report) on September 11 and set a price target of $55.00. The company’s shares closed yesterday at $47.93.
Wolfson covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Gold Fields, and Newmont Mining. According to TipRanks, Wolfson has an average return of 1.2% and a 52.25% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Agnico Eagle with a $62.28 average price target.
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AEM market cap is currently $23.73B and has a P/E ratio of 9.31.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock.
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Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine. The Southern Business segment consists of Pinos Altos mine, Creston Mascota mine, and La India mine. The Exploration segment represents the exploration offices in the United States, Europe, Canada, and Latin America. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.
Read More on AEM:
- Largest borrow rate increases among liquid names
- White Gold commences maiden diamond drilling at Cali target
- Agnico Eagle price target raised to $67 from $64 at BMO Capital
- Agnico Eagle price target raised to $62 from $61 at Barclays
- AGNICO EAGLE REPORTS SECOND QUARTER 2023 RESULTS – RECORD QUARTERLY GOLD PRODUCTION AND SOLID COST PERFORMANCE DRIVE STRONG QUARTERLY EARNINGS AND OPERATING CASH FLOW; WELL POSITIONED TO ACHIEVE ANNUAL PRODUCTION AND COST GUIDANCE
