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Agnico Eagle price target raised to $65 from $63 at Barclays
The Fly

Agnico Eagle price target raised to $65 from $63 at Barclays

Barclays analyst Matthew Murphy raised the firm’s price target on Agnico Eagle to $65 from $63 and keeps an Overweight rating on the shares. While economic growth has remained better than expected, gold is a good hedge against further deterioration in the outlook, says the analyst, who continues to prefer gold over copper equities. A soft economic landing is possible, but monetary tightening is not done yet, contends Barclays.

Published first on TheFly

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