Agnico Eagle Mines Limited with ticker code (AEM) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 100 and 75.4 with the average target price sitting at 87.4. Now with the previous closing price of 65.8 this indicates there is a potential upside of 32.8%. The day 50 moving average is 57.71 and the 200 day moving average is 55.62. The company has a market capitalisation of $30,483m. Visit the company website at: https://www.agnicoeagle.com
The potential market cap would be $40,490m 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.
