Time to Buy Agnico Eagle Mines Ltd After Today’s Huge Decline?

 Time to Buy Agnico Eagle Mines Ltd After Today's Huge Decline?

The stock of Agnico Eagle Mines Ltd (TSE:AEM) is a huge mover today! About 166,643 shares traded hands. Agnico Eagle Mines Ltd (TSE:AEM) has risen 47.67% since March 31, 2016 and is uptrending. It has outperformed by 46.58% the S&P500.
The move comes after 5 months negative chart setup for the $15.46 billion company. It was reported on Nov, 4 by Barchart.com. We have $65.86 PT which if reached, will make TSE:AEM worth $773.00M less.

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. $81 is the highest target while $26 is the lowest. The $49.73 average target is -28.27% below today’s ($69.33) stock price. Agnico Eagle Mines has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Agnico Eagle Mines Ltd (TSE:AEM) earned “Outperform” rating by Raymond James on Tuesday, October 25. The firm has “Outperform” rating given on Monday, October 26 by RBC Capital Markets. The stock has “Outperform” rating given by IBC on Friday, July 24. The firm has “Sector Perform” rating given on Monday, September 19 by RBC Capital Markets. JP Morgan initiated the shares of AEM in a report on Thursday, February 4 with “Overweight” rating. The firm has “Hold” rating by TD Securities given on Friday, July 22. The stock of Agnico Eagle Mines Ltd (TSE:AEM) has “Sector Perform” rating given on Tuesday, October 25 by RBC Capital Markets. HSBC upgraded the shares of AEM in a report on Wednesday, July 22 to “Buy” rating.

More news for Agnico Eagle Mines Ltd (TSE:AEM) were recently published by: Forbes.com, which released: “Agnico Eagle Mines (AEM) Shares Enter Oversold Territory” on October 06, 2016. Forbes.com‘s article titled: “Oversold Conditions For Agnico Eagle Mines (AEM)” and published on October 06, 2016 is yet another important article.

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 $15.46 billion. The Firm operates through three business units. It has a 145.84 P/E ratio. The Northern Business consists of its activities in Canada and Finland.

AEM.TO 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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