The Globe and Mail reports in its Wednesday, April 3, edition that Citi analyst Alexander Hacking is sticking with his "buy" recommendation and $56 share target for Agnico Eagle Mines (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target Agnico Eagle shares at $66.95. Mr. Hacking raised his estimates for Agnico Eagle ahead of the release of its first quarter results to account for a higher gold price forecast from the firm's global commodities stockpickers. Mr. Hacking says in a note: "Citi expects average prices may trend higher over the next three-to-six months to $2,300 per ounce. We see the market as supported well above $1,925/oz and in a bullish wildcard scenario, would call for $3,000/oz gold in a 12-month context. Positive factors include: Fed pivot, official sector demand, and alternate fiat demand. ... Agnico Eagle remains our top pick in Americas gold given its superior operating track record vs Newmont and Barrick Gold in recent quarters. 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."