In a report released on March 28, Josh Wolfson from RBC Capital maintained a Buy rating on Agnico Eagle (AEM – Research Report), with a price target of $60.00. The company’s shares closed last Thursday at $59.65.
According to TipRanks, Wolfson is a 4-star analyst with an average return of 3.4% and a 60.34% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Royal Gold, and Osisko Gold Royalties.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Agnico Eagle with a $61.93 average price target.
Based on Agnico Eagle’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.76 billion and a GAAP net loss of $381.01 million. In comparison, last year the company earned a revenue of $1.38 billion and had a net profit of $154.94 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
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