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

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

The stock of Agnico Eagle Mines Ltd (TSE:AEM) is a huge mover today! About 95,781 shares traded hands. Agnico Eagle Mines Ltd (TSE:AEM) has risen 13.65% since April 14, 2016 and is uptrending. It has outperformed by 9.22% the S&P500.
The move comes after 9 months positive chart setup for the $13.11B company. It was reported on Nov, 18 by Barchart.com. We have $81.47 PT which if reached, will make TSE:AEM worth $5.51B 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. $81 is the highest target while $26 is the lowest. The $49.73 average target is -13.32% below today’s ($57.37) stock price. Agnico Eagle Mines has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. JP Morgan initiated the shares of AEM in a report on Thursday, February 4 with “Overweight” rating. HSBC upgraded it to “Buy” rating and $30.9 target price in Wednesday, July 22 report. The company was maintained on Tuesday, October 25 by RBC Capital Markets. The firm has “Outperform” rating by IBC given on Friday, July 24. Raymond James upgraded Agnico Eagle Mines Ltd (TSE:AEM) on Tuesday, October 25 to “Outperform” rating. RBC Capital Markets maintained the shares of AEM in a report on Monday, October 26 with “Outperform” rating. The firm earned “Sector Perform” rating on Monday, September 19 by RBC Capital Markets. TD Securities maintained Agnico Eagle Mines Ltd (TSE:AEM) rating on Friday, July 22. TD Securities has “Hold” rating and $56 price target.

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 $13.11 billion. The Firm operates through three business units. It has a 119.5 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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