Agnico Eagle Mines Upgraded by UBS AG to Buy (AEM)

Feb. 24

Agnico Eagle Mines (TSE:AEM) was upgraded by equities research analysts at UBS AG to a “buy” rating in a research note issued to investors on Thursday, Stock Ratings Network reports.

Agnico Eagle Mines (TSE:AEM) traded down 0.42% during mid-day trading on Thursday, hitting $37.97. The stock had a trading volume of 742,936 shares. Agnico Eagle Mines has a 1-year low of $24.66 and a 1-year high of $45.71. The stock’s 50-day moving average is $31.45 and its 200-day moving average is $29.57. The company has a market cap of $6.592 billion and a P/E ratio of 50.17.

A number of other analysts have also recently weighed in on AEM. Analysts at Scotiabank downgraded shares of Agnico Eagle Mines to a “sector perform” rating in a research note on Friday, February 14th. Separately, analysts at Canaccord Genuity downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. They now have a C$38.50 price target on the stock, up previously from C$33.50. Finally, analysts at TD Securities raised their price target on shares of Agnico Eagle Mines from C$27.00 to C$31.00 in a research note on Thursday, February 13th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Agnico Eagle Mines presently has a consensus rating of “Hold” and an average price target of C$32.13.

Agnico Eagle Mines Limited (TSE:AEM) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States.

Source: http://tickerreport.com/banking-finance/143311/agnico-eagle-mines-upgraded-by-ubs-ag-to-buy-aem/?