Could Agnico Eagle Mines Ltd See a Reversal After This Very Weak Session?

 Could Agnico Eagle Mines Ltd See a Reversal After This Very Weak Session?

The stock of Agnico Eagle Mines Ltd (TSE:AEM) is a huge mover today! About 423,592 shares traded hands. Agnico Eagle Mines Ltd (TSE:AEM) has risen 14.22% since April 8, 2016 and is uptrending. It has outperformed by 9.24% the S&P500.
The move comes after 7 months negative chart setup for the $11.30 billion company. It was reported on Nov, 14 by Barchart.com. We have $52.32 PT which if reached, will make TSE:AEM worth $565.00 million 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 -9.70% below today’s ($55.07) stock price. Agnico Eagle Mines has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Raymond James to “Outperform” on Tuesday, October 25. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, October 25. As per Thursday, February 4, the company rating was initiated by JP Morgan. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, October 26. The stock of Agnico Eagle Mines Ltd (TSE:AEM) earned “Hold” rating by TD Securities on Friday, July 22. As per Monday, September 19, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating given on Friday, July 24 by IBC. As per Wednesday, July 22, the company rating was upgraded by HSBC.

Another recent and important Agnico Eagle Mines Ltd (TSE:AEM) news was published by Forbes.com which published an article titled: “Relative Strength Alert For Agnico Eagle Mines (AEM)” on November 11, 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 $11.30 billion. The Firm operates through three business units. It has a 114.54 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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