RBC Capital analyst Josh Wolfson maintained a Buy rating on Agnico Eagle (AEM – Research Report) on October 4 and set a price target of $55.00. The company’s shares closed yesterday at $44.36.
Wolfson covers the Basic Materials sector, focusing on stocks such as Gold Fields, Newmont Mining, and Wheaton Precious Metals. According to TipRanks, Wolfson has an average return of 0.6% and a 49.12% success rate on recommended stocks.
Agnico Eagle has an analyst consensus of Strong Buy, with a price target consensus of $62.40.
See Insiders’ Hot Stocks on TipRanks >>
AEM market cap is currently $21.48B and has a P/E ratio of 8.57.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AEM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Agnico Eagle (AEM) Company Description:
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:
