Breaking: After Today’s Huge Increase, Is Agnico Eagle Mines Ltd (USA)’s Near-Term Analysis Positive?

Breaking: After Today's Huge Increase, Is Agnico Eagle Mines Ltd (USA)'s Near Term Analysis Positive?

The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) is a huge mover today! About 1.11 million shares traded hands. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has risen 41.86% since April 5, 2016 and is uptrending. It has outperformed by 39.90% the S&P500.
The move comes after 7 months positive chart setup for the $10.75B company. It was reported on Nov, 8 by Barchart.com. We have $73.60 PT which if reached, will make NYSE:AEM worth $5.16 billion more.

Agnico Eagle Mines Ltd (USA) (NYSE:AEM) Ratings Coverage

Out of 14 analysts covering Agnico-Eagle Mines (NYSE:AEM), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. Agnico-Eagle Mines has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Raymond James upgraded the stock to “Outperform” rating in Tuesday, October 25 report. UBS downgraded the stock to “Neutral” rating in Monday, March 28 report. As per Monday, October 26, the company rating was downgraded by HSBC. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, January 14. The firm has “Buy” rating by Bank of America given on Wednesday, August 12. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Buy” rating given on Tuesday, September 8 by HSBC. Raymond James downgraded Agnico Eagle Mines Ltd (USA) (NYSE:AEM) on Monday, March 14 to “Market Perform” rating. The rating was maintained by Barclays Capital with “Equal Weight” on Friday, July 31. RBC Capital Markets maintained Agnico Eagle Mines Ltd (USA) (NYSE:AEM) on Tuesday, August 11 with “Outperform” rating. The firm earned “Sector Outperform” rating on Friday, July 24 by IBC.

According to Zacks Investment Research, “Agnico-Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico, and exploration and development activities in Canada, Finland, Mexico and the U.S. Agnico-Eagle Mines Limited is based in Toronto, Canada.”

More notable recent Agnico Eagle Mines Ltd (USA) (NYSE:AEM) news were published by: Fool.ca which released: “Agnico Eagle Mines Ltd. Will Grow Gold Production Like a Weed” on September 19, 2016, also Fool.ca with their article: “Agnico Eagle Mines Ltd. Was Downgraded 3 Times This Summer: Should You Sell?” published on September 07, 2016, Fool.ca published: “Agnico Eagle Mines Ltd.: Should You Buy This Gold Stock?” on December 16, 2015. More interesting news about Agnico Eagle Mines Ltd (USA) (NYSE:AEM) were released by: Fool.ca and their article: “Should You Buy Shares of Agnico Eagle Mines Ltd. Today?” published on February 13, 2015 as well as Fool.ca‘s news article titled: “Barrick Gold Corp. vs Agnico Eagle Mines Ltd.: Which Stock Is Set to Soar?” with publication date: January 20, 2016.

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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