Analyst Coverage Change
In a research report on Tuesday February 14th, National Bank Financial (RANK#16) maintained their analyst rating on Agnico Eagle Mines with a “Outperform”. The National Bank Financial also cut the 12 month target price forecast to $188 from $189 per share on the stock.
AEM Stock Price Forecast & Analysis
Agnico Eagle Mines Limited: According to the average analyst target price from 12 analysts, the stock is expected to increase in value over the next 12 months, with an average target price of CAD 77.81. This suggests that the company is expected to perform well in the coming year, and is likely a good investment opportunity. Additionally, the average analyst rating of “Strong Buy” further supports this positive outlook.
However, the analysis by Stock Target Advisor presents a slightly different perspective. Their analysis is based on 4 positive signals and 6 negative signals, and their own stock analysis of Agnico Eagle Mines Limited is “Slightly Bearish.” This indicates that while the company may have some positive signals, there are also negative factors that could negatively impact its performance.
Looking at the stock’s recent performance, Agnico Eagle Mines Limited’s stock price was CAD 68.40 at the time of this analysis. The stock has experienced some short-term volatility, with a decrease of -2.92% over the past week and -8.70% over the past month. However, over the last year, the stock has increased by +7.78%.
About Agnico Eagle Mines
Agnico Eagle Mines Limited is a Canadian-based gold mining company with operations in Canada, Finland, and Mexico. The company was founded in 1957 and is headquartered in Toronto, Ontario. Agnico Eagle Mines Limited produces gold and other metals, with a focus on low-cost, high-quality operations.
The company’s mining operations are primarily focused on gold, but also include silver, zinc, and copper. Agnico Eagle Mines Limited operates eight mines and has several exploration and development projects in various stages of development.
The company’s mining operations are largely focused in stable and politically safe jurisdictions, which is a strategic advantage for the company. Additionally, Agnico Eagle Mines Limited has a strong balance sheet and a history of returning value to shareholders through dividends and share buybacks.
Overall, Agnico Eagle Mines Limited is a well-established company in the mining industry with a focus on gold production, and is well positioned to continue its growth and expansion in the future.
