Raymond James Financial Inc. upgraded shares of Agnico Eagle Mines Ltd (TSE:AEM) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday morning.
AEM has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed a sector perform rating on shares of Agnico Eagle Mines in a report on Monday, September 19th. TD Securities raised their price objective on shares of 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. Dundee Securities cut shares of Agnico Eagle Mines from a buy rating to a neutral rating in a research report on Thursday, July 14th. Canaccord Genuity dropped their target price on shares of Agnico Eagle Mines to C$81.00 in a research report on Monday, October 24th. Finally, Desjardins upgraded shares of Agnico Eagle Mines from a hold rating to a buy rating in a research report on Wednesday, July 13th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Agnico Eagle Mines currently has an average rating of Buy and an average price target of C$63.25.
Shares of Agnico Eagle Mines (TSE:AEM) opened at 66.17 on Tuesday. Agnico Eagle Mines has a 1-year low of $33.00 and a 1-year high of $78.35. The company’s 50-day moving average is $66.32 and its 200 day moving average is $65.66. The firm has a market capitalization of $14.79 billion and a price-to-earnings ratio of 456.34.