Today, an analyst has provided a rating update for the Materials sector company, Agnico Eagle Mines (AEM). Analyst Steven Butler from GMP FirstEnergy reiterated a Hold rating, with a C$59.25 price target.
According to TipRanks.com, Butler is ranked #4843 out of 5156 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Agnico Eagle Mines with a C$62.15 average price target.
Based on Agnico Eagle Mines’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$22.29 million. In comparison, last year the company had a net profit of C$44.62 million.
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.
The company’s shares closed on Tuesday at C$57.
