In a report released today, Michael Jalonen from Merrill Lynch reiterated a Buy rating on Agnico Eagle (AEM), with a price target of $52.50. The company’s shares closed on Friday at $43.14.
Jalonen has an average return of 128.9% when recommending Agnico Eagle.
According to TipRanks.com, Jalonen is ranked #4401 out of 5180 analysts.
Agnico Eagle has an analyst consensus of Strong Buy, with a price target consensus of $48.88.
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The company has a one-year high of $47.83 and a one-year low of $32.18. Currently, Agnico Eagle has an average volume of 1.47M.
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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.
