The Globe and Mail reports in its Tuesday, July 28, edition that following an update to Citi's assumptions about precious metals prices, analyst Alexander Hacking reduced his share target for Agnico Eagle Mines ("buy") from $256 to $200 and for Barrick Mining ("neutral") from $48 to $41 (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $228.46 and $53.81. Mr. Hacking says in a note: "We update our [Agnico Eagle] model for Citi's latest gold price forecasts (reduced in 2H26, but maintained at $5,000/oz in 2027E). Q2 EBITDA is set at $2.7-billion with EPS of $2.98/sh. 2026 EBITDA is reduced 9 per cent to $11.1-billion (also accounting for lower guidance at Canadian Malartic) and 2027 EBITDA is reduced 2 per cent to $12.5-billion. We lower our [target price] to $200/sh on 1.6 times NAV on $3,500/oz long-term gold (reduced from two times) -- to account for lower spot gold prices. We maintain a 'buy' given Citi's bullish 2027 gold price outlook and view that Agnico Eagle is the best operator in the sector."