In a report issued on June 27, Josh Wolfson from RBC Capital maintained a Buy rating on Agnico Eagle (AEM – Research Report), with a price target of $65.00. The company’s shares closed last Tuesday at $48.56, close to its 52-week low of $45.42.
According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -1.0% and a 45.8% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Agnico Eagle with a $74.33 average price target.
Agnico Eagle’s market cap is currently $22.83B and has a P/E ratio of 25.72.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is neutral on the stock.
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Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine. The Southern Business segment consists of Pinos Altos mine, Creston Mascota mine, and La India mine. The Exploration segment represents the exploration offices in the United States, Europe, Canada, and Latin America. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.
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