TD Securities lowered the firm’s price target on Agnico Eagle to $62 from $64 and keeps a Buy rating on the shares. The analyst updated the company’s model for its 2024-2026 guidance. Investors had been concerned that Agnico Eagle’s production would dip in 2026 and 2027 as Amaruq production ended, and management is addressing those concerns, the analyst tells investors in a research note. The firm says the company reported a number of positive operating updates with its Q4 results.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AEM:
- AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS – RECORD QUARTERLY AND ANNUAL GOLD PRODUCTION AND FREE CASH FLOW; RECORD MINERAL RESERVES INCREASED 10.5%; UPDATED THREE-YEAR GUIDANCE
- Agnico Eagle reports Q4 EPS 57c, consensus 48c
- Agnico Eagle options imply 2.7% move in share price post-earnings
- AEM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Agnico Eagle price target lowered to C$84 from C$85 at National Bank