What’s Ahead for Agnico Eagle Mines Ltd After Today’s Huge Increase?

 What's Ahead for Agnico Eagle Mines Ltd After Today's Huge Increase?

The stock of Agnico Eagle Mines Ltd (TSE:AEM) is a huge mover today! About 74,593 shares traded hands. Agnico Eagle Mines Ltd (TSE:AEM) has risen 5.19% since April 22, 2016 and is uptrending. It has underperformed by 0.82% the S&P500.
The move comes after 8 months positive chart setup for the $12.54B company. It was reported on Nov, 28 by Barchart.com. We have $56.63 PT which if reached, will make TSE:AEM worth $376.20 million more.

Agnico Eagle Mines Ltd (TSE:AEM) Ratings Coverage

Out of 10 analysts covering Agnico Eagle Mines (TSE:AEM), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. $90 is the highest target while $26 is the lowest. The $55.59 average target is 1.11% above today’s ($54.98) stock price. Agnico Eagle Mines has been the topic of 27 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Tuesday, November 22, the company rating was maintained by Scotia Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, September 19. RBC Capital Markets maintained it with “Sector Perform” rating and $90 target price in Wednesday, November 23 report. On Thursday, February 4 the stock rating was initiated by JP Morgan with “Overweight”. On Tuesday, October 25 the stock rating was upgraded by Raymond James to “Outperform”. The firm earned “Buy” rating on Wednesday, July 22 by HSBC. RBC Capital Markets maintained the shares of AEM in a report on Tuesday, October 25 with “Sector Perform” rating. TD Securities maintained the shares of AEM in a report on Friday, November 18 with “Hold” rating. The stock of Agnico Eagle Mines Ltd (TSE:AEM) earned “Outperform” rating by IBC on Friday, July 24. As per Friday, July 22, the company rating was maintained by TD Securities.

More news for Agnico Eagle Mines Ltd (TSE:AEM) were recently published by: Forbes.com, which released: “Relative Strength Alert For Agnico Eagle Mines (AEM)” on November 11, 2016. Prnewswire.com‘s article titled: “Technical Reports on Basic Materials Equities — Agnico Eagle Mines, Timmins …” and published on November 23, 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 $12.54 billion. The Firm operates through three business units. It has a 114.46 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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