Agnico Eagle Mines Limited (AEM) has an average broker rating of 2.2, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.
Agnico Eagle Mines Limited (AEM) stock is expected to deviate a maximum of $10.81 from the average target price of $56.16 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $68 and the most muted being $37.
Company shares have received an average consensus rating of Hold for the current week Agnico Eagle Mines Limited (NYSE:AEM): The stock opened at $59.23 on Thursday but the bulls could not build on the opening and the stock topped out at $59.73 for the day. The stock traded down to $58.32 during the day, due to lack of any buying support eventually closed down at $58.59 with a loss of -0.86% for the day. The stock had closed at $59.10 on the previous day. The total traded volume was 1,299,628 shares.
Agnico Eagle Mines Ltd is a Canada-based gold producer. The Company has mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, and exploration activities in Canada, Europe, Latin America and the United States. It operates through three business units: Northern Business, Southern Business and Exploration. Its Northern Business consists of the operations in Canada and Finland, which include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project. Its Southern Business consists of the Companys operations in Mexico. The Companys mining at Pinos Altos is conducted through its subsidiary, Agnico Eagle Mexico S.A. de C.V., which owns the Pinos Altos mine, including the Creston Mascota deposit. Its Exploration group focuses on the identification of new mineral reserves and resources, and new developments in stable and proven gold producing regions.