RBC Capital analyst Stephen Walker reiterated a Buy rating on Agnico Eagle (NYSE: AEM) on September 16 and set a price target of $54. The company’s shares closed yesterday at $34.47, close to its 52-week low of $32.18.
According to TipRanks.com, Walker is a 4-star analyst with an average return of 8.1% and a 47.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Centerra Gold Inc, Barrick Gold, and Kinross Gold.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Agnico Eagle with a $55 average price target.
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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 1.33M.
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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.
