A Reversal for Agnico Eagle Mines Ltd Is Not Near. The Stock Rises Again

 A Reversal for Agnico Eagle Mines Ltd Is Not Near. The Stock Rises Again

The stock of Agnico Eagle Mines Ltd (TSE:AEM) is a huge mover today! About 144,959 shares traded hands. Agnico Eagle Mines Ltd (TSE:AEM) has risen 23.76% since March 10, 2016 and is uptrending. It has outperformed by 18.15% the S&P500.
The move comes after 5 months positive chart setup for the $13.48B company. It was reported on Oct, 17 by Barchart.com. We have $96.40 PT which if reached, will make TSE:AEM worth $7.82B more.

Agnico Eagle Mines Ltd (TSE:AEM) Ratings Coverage

Out of 9 analysts covering Agnico Eagle Mines (TSE:AEM), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. $63 is the highest target while $26 is the lowest. The $47.36 average target is -22.37% below today’s ($61.01) stock price. Agnico Eagle Mines has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by TD Securities on Friday, July 22. The stock of Agnico Eagle Mines Ltd (TSE:AEM) earned “Outperform” rating by IBC on Friday, July 24. The firm has “Buy” rating by HSBC given on Wednesday, July 22. The firm earned “Sector Perform” rating on Monday, September 19 by RBC Capital Markets. The firm has “Overweight” rating given on Thursday, February 4 by JP Morgan. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, October 26.

More notable recent Agnico Eagle Mines Ltd (TSE:AEM) news were published by: Forbes.com which released: “Agnico Eagle Mines (AEM) Shares Enter Oversold Territory” on October 06, 2016, also Forbes.com with their article: “Reminder – Agnico Eagle Mines (AEM) Goes Ex-Dividend Soon” published on August 26, 2016, Fool.ca published: “Agnico Eagle Mines Ltd. Was Downgraded 3 Times This Summer: Should You Sell?” on September 07, 2016. More interesting news about Agnico Eagle Mines Ltd (TSE:AEM) were released by: Fool.ca and their article: “Agnico Eagle Mines Ltd. Will Grow Gold Production Like a Weed” published on September 19, 2016 as well as Prnewswire.com‘s news article titled: “Gold Stocks Technical Reports — Agnico Eagle Mines, Timmins Gold, Vista Gold …” with publication date: October 10, 2016.

Agnico Eagle Mines Limited is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The company has a market cap of $13.48 billion. The Firm operates through three business units. It has a 322.34 P/E ratio. The Northern Business consists of its activities in Canada and Finland.

AEM Company Profile

Agnico Eagle Mines Limited (Agnico Eagle), incorporated on June 1, 1972, is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Firm operates through three business units: Northern Business, Southern Business and Exploration. The Company’s Northern Business consists of the Company’s activities in Canada and Finland. The Company’s Canadian properties include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project, each of which is held directly by the Company, and an interest in the Canadian Malartic Mine, which is held indirectly through a subsidiary of the Company and Canadian Malartic Corporation. The Company’s activities in Finland are conducted through its indirect subsidiary, Agnico Eagle Finland Oy, which owns the Kittila mine. The Company’s Southern Business consists of the Company’s activities in Mexico. The Company’s Pinos Altos mine, including the Creston Mascota deposit, is held through its subsidiary, Agnico Eagle Mexico S.A. de C.V. The La India mine is owned by the Company’s indirect subsidiary, Agnico Sonora, S.A. de C.V.

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