05:50:53 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Agnico Eagle Mines Ltd
Symbol AEM
Shares Issued 496,266,356
Close 2023-10-27 C$ 67.63
Market Cap C$ 33,562,493,656
Recent Sedar Documents

Globe says Agnico Eagle Mines maintained at "buy"

2023-10-27 08:36 ET - In the News

The Globe and Mail reports in its Friday, Oct. 27, edition that TD Securities analyst Greg Barnes has reaffirmed his "buy" recommendation for Agnico Eagle Mines. The Globe's David Leeder writes in the Eye On Equities column that Mr. Barnes knocked his share target back by $8 to $61 (all figures U.S.). Analysts on average target the shares at $65.60. Mr. Barnes says in a note, "We have elected to reduce our target multiples, reflecting lower sector multiples, weak investor interest in the gold sector as a whole, and our expectation that the gold price is likely to reverse some of the gains seen over the past several weeks as the recent safe-haven/short-covering rally dissipates." The Globe reported on July 19 that Citi had reaffirmed its "buy" on Agnico Eagle, which was then worth $54. The Globe reported on July 21 that National Bank analysts rated Agnico Eagle "outperform." It was then worth $51.25. The Globe reported on Aug. 18 that Credit Suisse had reaffirmed its "outperform" call for Agnico Eagle. The shares were then worth $46.22. The Globe reported on Oct. 24, that National Bank Financial analysts had reaffirmed their "outperform" recommendation for Agnico Eagle, which was then worth $49.44.

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