The Globe and Mail reports in its Friday, Aug. 18, edition that Credit Suisse analyst Fahad Tariq has reaffirmed his "outperform" recommendation for Agnico Eagle Mines. The Globe's David Leeder writes that Mr. Tariq gave his share target a $1 (U.S.) boost to $61 (U.S.). Analysts on average target the shares at $66.60 (U.S.). The Globe says Mr. Tariq expects a better second half of 2023 for precious metals companies. Mr. Tariq says in a note: "Gold producers in our coverage continue to guide to H2-weighted production. For some companies, production will have to pick up meaningfully to meet annual production guidance (e.g., Newmont, Barrick), while other companies can achieve annual guidance even if production remains flattish in H2 (e.g., Agnico Eagle, Alamos Gold, New Gold). As a result of the higher production, costs are generally expected to decline in H2. In Q2-23 conference calls, management teams generally noted stabilizing input costs and/or initial signs of easing inflationary pressures, but no meaningful improvements to the overall cost structure yet. Consumables prices have started to soften a little (e.g., diesel) while elevated labour costs remain a challenge, particularly for Canadian operations."