BMO Capital resumed coverage of Agnico Eagle with an Outperform rating and price target of $60, up from $57. The acquisition of Yamana’s Canadian assets is completed, which strengthens Agnico’s "already-dominant" position in the prolific Abitibi region, the analyst tells investors in a research note. The firm expects investors will be attracted to the company’s "safe geopolitical risk, clear growth strategy, and low-risk opportunities for optimization."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on AEM:
- Agnico Eagle completes acquisition of Yamana Gold’s Canadian assets
- AGNICO EAGLE COMPLETES ACQUISITION OF YAMANA’S CANADIAN ASSETS
- Mexican regulator approves Pan American’s arrangement with Yamana, Agnico
- Pan American arrangement with Yamana, Agnico Eagle approved by Mexican FECC
- Agnico Eagle call volume above normal and directionally bullish
