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Agnico Eagle (AEM): New Buy Recommendation for This Basic Materials Giant

Tipranks - Wed Feb 11, 11:14AM CST

In a report released today, Ralph M. Profiti from Stifel Nicolaus maintained a Buy rating on Agnico Eagle, with a price target of C$350.00.

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M. Profiti covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Alamos Gold, and K92 Mining. According to TipRanks, M. Profiti has an average return of 41.9% and a 72.67% success rate on recommended stocks.

In addition to Stifel Nicolaus, Agnico Eagle also received a Buy from TipRanks – OpenAI’s OpenAI Gold in a report issued on February 4. However, on February 3, RBC Capital maintained a Hold rating on Agnico Eagle (NYSE: AEM).

The company has a one-year high of C$305.68 and a one-year low of C$132.96. Currently, Agnico Eagle has an average volume of 1.11M.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AEM in relation to earlier this year.

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