03:50:34 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Agnico Eagle Mines Ltd
Symbol AEM
Shares Issued 495,218,333
Close 2023-07-18 C$ 70.92
Market Cap C$ 35,120,884,176
Recent Sedar Documents

Globe says more upside than downside seen at Agnico

2023-07-19 07:59 ET - In the News

The Globe and Mail reports in its Wednesday edition that Citi analyst Alexander Hacking has reaffirmed his "buy" recommendation and $65 (U.S.) share target for Agnico Eagle Mines. The Globe's David Leeder writes that analysts on average target the shares at $67.08 (U.S.). The Globe reports that Mr. Hacking sees the potential for North American large-cap gold miners to rebound moving forward. He predicts a "stronger" second quarter earnings season. Mr. Hacking says in a note: "Agnico is arguably the highest quality name in the space given its assets and management. Production is predominately in Canada, with strong reserve life & expansion potential. Agnico is an excellent company in our view, with high quality assets and a strong operational track record. The company has demonstrated superior execution over the past decade. The acquisition of Kirkland Lake added low cost ounces in good jurisdictions. We currently see more upside than downside in the stock." The Globe reported on April 21 that mining analysts at Stifel rated Agnico Eagle "buy." The shares could then be had for $76.48 (Canadian). The Globe reported on June 2 that Raymond James recommended buying Agnico. It was then worth $69.74 (Canadian).

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