RBC Capital Sticks to Its Hold Rating for Agnico Eagle (AEM)

RBC Capital analyst Josh Wolfson maintained a Hold rating on Agnico Eagle on March 2 and set a price target of $210.00. The company’s shares closed yesterday at C$344.78.

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Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Triple Flag Precious Metals, and Barrick Mining. According to TipRanks, Wolfson has an average return of 29.6% and a 72.33% success rate on recommended stocks.

Agnico Eagle has an analyst consensus of Moderate Buy, with a price target consensus of $245.67, representing a -28.75% downside. In a report released on February 22, J.P. Morgan also maintained a Hold rating on the stock with a $235.00 price target.

AEM market cap is currently C$172.7B and has a P/E ratio of 27.59.

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.