The Globe and Mail reports in its Thursday edition that RBC Capital Markets analyst Josh Wolfson has lowered his recommendation for Agnico Eagle Mines to "sector perform" from "market perform." The Globe's David Leeder writes that Mr. Wolfson gave his share target a $20 boost to $205 (all figures U.S.). Analysts on average target the shares at $201.87. Mr. Wolfson says in a note: "Good growth is upcoming. Agnico-Eagle has outlined a suite of five high-quality development projects to deliver long-term growth upside, including Malartic underground, Detour underground, Hope Bay, Upper Beaver and San Nicolas. Combined, the company has indicated ultimate potential production volumes of 4moz, which we estimate could be achieved by 2032. In upcoming years, Agnico Eagle faces stable production of 3.4moz and rising capital spending to deliver long-term growth. We view Agnico Eagle's project portfolio as offering highly competitive returns; however, the development and execution of multiple projects concurrently could reduce FCF as compared to peers and raise execution risk." The Globe reported on Feb. 12 and June 5 that Mr. Wolfson continued to rate the shares "outperform." The shares could then be had for $99.55 and $122.06.