Summary:
- Agnico Eagle Mines (AEM, Financial) authorized to renew its share repurchase program through 2026.
- Analysts' average price target suggests a 14.50% upside potential.
- GF Value indicates a potential 31.53% downside from the current price.
Share Buyback Program Update
Agnico Eagle Mines (AEM) has received a green light from the Toronto Stock Exchange to renew its normal course issuer bid. This initiative allows the company to buy back and cancel shares from May 4, 2023, through May 3, 2026, or until the planned purchases are completed.
Wall Street Analysts Forecast
According to price targets provided by 15 analysts, the average target price for Agnico Eagle Mines Ltd (AEM, Financial) stands at $134.63. This includes a high estimate of $159.57 and a low estimate of $97.00. The average target price suggests a potential upside of 14.50% from the current trading price of $117.58. For more in-depth estimates, visit the Agnico Eagle Mines Ltd (AEM) Forecast page.
Analyst Recommendations
The consensus among 17 brokerage firms assigns Agnico Eagle Mines Ltd (AEM, Financial) an average brokerage recommendation of 1.9, which signifies an "Outperform" status. In this rating system, 1 represents a Strong Buy, while 5 indicates a Sell.
GF Value Analysis
According to GuruFocus estimates, the projected GF Value for Agnico Eagle Mines Ltd (AEM, Financial) in one year is $80.51. This suggests a downside of 31.53% from the current stock price of $117.58. The GF Value is GuruFocus' estimation of the fair value at which the stock should be traded. This is calculated based on the historical trading multiples of the stock, past business growth, and future performance projections. For additional data, please refer to the Agnico Eagle Mines Ltd (AEM) Summary page.
