Todays Report: The Raymond James Financial Inc. Upgrades Agnico Eagle Mines Ltd (AEM) to Outperform

The Raymond James Financial Inc. Upgrades Agnico Eagle Mines Ltd (AEM) to Outperform

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.

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