In a report issued on December 12, Stephen Walker from RBC Capital reiterated a Buy rating on Agnico Eagle (AEM), with a price target of $55. The company’s shares closed yesterday at $40.02.
According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.7% and a 43.5% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Novagold Resources Inc New, and Teck Resources Limited.
Currently, the analyst consensus on Agnico Eagle is a Strong Buy with an average price target of $52.
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The company has a one-year high of $49.80 and a one-year low of $32.18. Currently, Agnico Eagle has an average volume of 1.72M.
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Agnico Eagle Mines Ltd. engages in the exploration, development, sale, and production of gold mineral properties. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.
