Scotiabank analyst Tanya Jakusconek resumed coverage of Agnico Eagle (AEM) with an Outperform rating and $64 price target as the firm came off restriction on the stock from the Pan American Silver (PAAS) and Agnico purchase of Yamana Gold (AUY) and is introducing its proforma estimates. The firm expects Agnico Eagle to generate operating cash flow of about $2.0B and about $2.2B for this year and next, respectively.
Published first on TheFly
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Read More on AEM:
- Agnico Eagle resumed with an Outperform at BMO Capital
- 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
