Agnico Eagle Mines Limited with ticker code (AEM) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 101.05 and 73.76 with a mean TP of 86.69. Given that the stocks previous close was at 41.08 this would indicate that there is a potential upside of 111.0%. The 50 day moving average now sits at 43.13 and the 200 day MA is 51.24. The company has a market capitalisation of $19,030m. Visit the company website at: https://www.agnicoeagle.com
The potential market cap would be $40,158m based on the market concensus.
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the company’s LaRonde mine had proven and probable mineral reserves of approximately 3.0 million ounces of gold. It is also involved in exploration activities in Europe, Latin America, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.
