Trade Report: The Agnico Eagle Mines’ (AEM) Sector Perform Rating Reaffirmed at Royal Bank Of Canada

The Agnico Eagle Mines’ (AEM) Sector Perform Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of Agnico Eagle Mines Ltd (TSE:AEM) in a research note released on Tuesday, StockTargetPrices.com reports.

Several other research firms have also commented on AEM. Dundee Securities lowered Agnico Eagle Mines from a buy rating to a neutral rating in a report on Thursday, July 14th. Canaccord Genuity dropped their price objective on Agnico Eagle Mines to C$81.00 in a report on Monday, October 24th. TD Securities raised their price objective on Agnico Eagle Mines from C$56.00 to C$61.00 and gave the stock a hold rating in a report on Thursday, August 11th. Desjardins raised Agnico Eagle Mines from a hold rating to a buy rating in a report on Wednesday, July 13th. Finally, National Bank Financial raised their price objective on Agnico Eagle Mines from C$68.00 to C$74.25 in a report on Wednesday, July 13th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of C$63.25.

Agnico Eagle Mines (TSE:AEM) opened at 66.17 on Tuesday. Agnico Eagle Mines has a 52 week low of $33.00 and a 52 week high of $78.35. The company has a 50 day moving average price of $66.32 and a 200 day moving average price of $65.66. The stock has a market cap of $14.79 billion and a price-to-earnings ratio of 456.34.

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