- Scotiabank raises Agnico Eagle Mines Ltd's (AEM, Financial) price target to $126, maintaining an "Outperform" rating.
- Analysts' average price target suggests a slight upside, while GuruFocus' GF Value indicates potential downside.
- Current consensus among brokerage firms rates Agnico Eagle Mines Ltd as "Outperform."
Scotiabank's Tanya Jakusconek has made a strategic adjustment by increasing the price target for Agnico Eagle Mines Ltd (AEM) from $105 to $126. This decision underscores an "Outperform" rating and is grounded in sector-wide evaluations of Gold & Precious Minerals. Despite expectations of flat margins in the first quarter, improvements are anticipated as the year progresses. This shift in price target reflects confidence in the company's ability to navigate the evolving market landscape.
Wall Street Analysts Forecast
Delving into the insights provided by 15 analysts, the average one-year price target for Agnico Eagle Mines Ltd (AEM, Financial) stands at $121.53. With high and low estimates ranging from $142.00 to $97.00, the average target suggests a modest upside of 0.80% from its current trading price of $120.57. For investors seeking a deeper understanding of projections, more detailed estimate data is available on the Agnico Eagle Mines Ltd (AEM) Forecast page.
The stock's average brokerage recommendation from 16 firms is 1.9, denoting an "Outperform" status on a scale where 1 indicates a "Strong Buy" and 5 suggests a "Sell." This consensus further emphasizes analyst confidence in Agnico Eagle's potential performance.
From a valuation perspective, GuruFocus' estimated GF Value for Agnico Eagle Mines Ltd (AEM, Financial) in one year is $73.13, indicating a potential downside of 39.35% from its current price of $120.57. The GF Value represents GuruFocus' calculation of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance estimates. To explore a comprehensive overview, please refer to the Agnico Eagle Mines Ltd (AEM) Summary page.
