03:00:09 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Agnico Eagle Mines Ltd
Symbol AEM
Shares Issued 494,089,207
Close 2023-04-25 C$ 76.80
Market Cap C$ 37,946,051,098
Recent Sedar Documents

Globe says Agnico seen trading at an "attractive" price

2023-04-26 08:41 ET - In the News

The Globe and Mail reports in its Wednesday, April 26, edition that after a "strong" start to 2023, analysts at Canaccord Genuity continue to be bullish on gold and gold equities "with the Fed tightening cycle nearing its end and inflation rates falling." The Globe's David Leeder writes in the Eye On Equities column that analysts at Canaccord rate Agnico Eagle Mines "buy." Their share target moved up to $99 from $84. Analysts on average target the shares at $69.45. The analysts say in a note: "Agnico Eagle is one of our top picks among the senior gold producers for investors looking for large-cap gold exposure with relatively low geopolitical risk. The company has a track record of consistent operating performance, a solid balance sheet, and a history of growing profitable production in lower-risk jurisdictions, all of which we believe have been strengthened with the Kirkland Lake Gold merger last year. We expect future growth will come from resource expansion and utilization of excess mill capacity at Malartic, finalizing expansion plans at Detour, a potential Hope Bay reboot, and the San Nicolas JV. In our view, Agnico's shares are attractive at current prices."

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