RBC Capital analyst Josh Wolfson reiterated a Hold rating on Agnico Eagle (AEM) today. The company’s shares closed last Friday at $66.63.
According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -1.9% and a 46.3% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Kirkland Lake Gold.
Currently, the analyst consensus on Agnico Eagle is a Moderate Buy with an average price target of $89.34, which is a 28.5% upside from current levels. In a report issued on February 10, J.P. Morgan also initiated coverage with a Hold rating on the stock with a C$114.00 price target.
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The company has a one-year high of $89.23 and a one-year low of $31.00. Currently, Agnico Eagle has an average volume of 1.16M.
Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AEM in relation to earlier this year.
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Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine. The Southern Business segment consists of Pinos Altos mine, Creston Mascota mine, and La India mine. The Exploration segment represents the exploration offices in the United States, Europe, Canada, and Latin America. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.
