B of A Securities has updated its price target for Agnico Eagle Mines (AEM, Financial), with analyst Lawson Winder maintaining a "Buy" rating. The price target has been raised from $170.00 to $173.00 USD, reflecting a 1.76% increase.
The decision to maintain the "Buy" rating indicates continued confidence in Agnico Eagle Mines (AEM, Financial) as a strong investment opportunity. The revised price target suggests a positive outlook for the company's future performance.
These updates come as part of B of A Securities' regular assessment of Agnico Eagle Mines (AEM, Financial), aiming to provide investors with informed guidance based on current market conditions and company performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Agnico Eagle Mines Ltd (AEM, Financial) is $141.39 with a high estimate of $181.00 and a low estimate of $97.00. The average target implies an upside of 14.47% from the current price of $123.52. More detailed estimate data can be found on the Agnico Eagle Mines Ltd (AEM) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Agnico Eagle Mines Ltd's (AEM, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Agnico Eagle Mines Ltd (AEM, Financial) in one year is $82.55, suggesting a downside of 33.17% from the current price of $123.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Agnico Eagle Mines Ltd (AEM) Summary page.
