Agnico Eagle price target raised to $80 from $65 at Citi

Citi raised the firm’s price target on Agnico Eagle to $80 from $65 and keeps a Buy rating on the shares post the Q1 report. Agnico continues to deliver the most consistent execution amongst the larger-cap gold miners, the analyst tells investors in a research note. The firm increased estimates to reflect Citi’s raised gold price forecasts.