Trading Report: Today, Agnico Eagle Mines Ltd (AEM) Stock Rating Reaffirm by Royal Bank Of Canada

Today, Agnico Eagle Mines Ltd (AEM) Stock Rating Reaffirm by Royal Bank Of Canada

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM)‘s stock had its “sector perform” rating reiterated by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They currently have a C$90.00 target price on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 65.53% from the stock’s current price.

A number of other research firms have also weighed in on AEM. Scotiabank reissued an “outperform” rating and set a C$68.50 price target on shares of Agnico Eagle Mines in a research report on Tuesday. TD Securities reissued a “hold” rating and set a C$61.00 price target on shares of Agnico Eagle Mines in a research report on Friday, November 18th. Raymond James Financial Inc. raised shares of Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 25th. Canaccord Genuity dropped their price target on shares of Agnico Eagle Mines to C$81.00 in a research report on Monday, October 24th. Finally, Desjardins dropped their price target on shares of Agnico Eagle Mines to C$77.00 in a research report on Thursday, October 20th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$66.88.

Agnico Eagle Mines (TSE:AEM) opened at 54.37 on Wednesday. The firm has a market cap of $12.21 billion and a price-to-earnings ratio of 152.72. Agnico Eagle Mines has a 12 month low of $34.45 and a 12 month high of $78.35. The firm’s 50 day moving average is $62.45 and its 200-day moving average is $66.74.

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