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Agnico Eagle Mines (AEM) Stock Forecast & Price Target

Agnico Eagle Mines logo
C$108.15 -1.09 (-1.00%)
(As of 11/15/2024 ET)

Agnico Eagle Mines - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
0
Buy
5

Based on 5 Wall Street analysts who have issued ratings for Agnico Eagle Mines in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 4 have given a buy rating, and 1 has given a strong buy rating for AEM.

Consensus Price Target

C$116.00
7.26% Upside
According to the 5 analysts' twelve-month price targets for Agnico Eagle Mines, the average price target is C$116.00. The highest price target for AEM is C$144.00, while the lowest price target for AEM is C$62.00. The average price target represents a forecasted upside of 7.26% from the current price of C$108.15.
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AEM Analyst Ratings Over Time

TypeCurrent Forecast
11/18/23 to 11/17/24
1 Month Ago
10/19/23 to 10/18/24
3 Months Ago
8/20/23 to 8/19/24
1 Year Ago
11/18/22 to 11/18/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$116.00C$105.14C$105.14C$81.76
Forecasted Upside7.26% Upside-11.65% Downside-4.64% Downside23.19% Upside
Consensus Rating
Buy
Buy
Buy
Buy

AEM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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AEM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Agnico Eagle Mines Stock vs. The Competition

TypeAgnico Eagle MinesBasic Materials Companies
Consensus Rating Score
3.20
2.76
Consensus RatingBuyModerate Buy
News Sentiment Rating
Positive News

See Recent AEM News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2024National Bankshares
1 of 5 stars
 Boost TargetOutperformC$143.00 ➝ C$144.00+19.44%
10/21/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetC$114.00 ➝ C$140.00+16.33%
9/17/2024UBS Group
4 of 5 stars
D. Major
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UpgradeStrong-Buy
7/23/2024Canaccord Genuity Group
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 Boost TargetC$105.00 ➝ C$118.00+13.37%
7/11/2024Eight Capital
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 Boost TargetC$105.00 ➝ C$115.00+13.02%
6/24/2024Cormark
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 Boost TargetC$110.00 ➝ C$115.00+28.66%
4/12/2024Veritas Investment Research
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 Boost TargetC$88.40 ➝ C$118.00+38.94%
4/8/2024National Bank Financial
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M. Parkin
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Reiterated RatingOutperform Overweight
2/21/2024TD Securities
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 Lower TargetBuyC$62.00-5.72%
4/20/2023Raymond James
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 Boost TargetOutperformC$65.00 ➝ C$66.00-13.78%
2/17/2023Barclays
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Matt Murphy
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Initiated CoverageBuyC$62.00+1.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:39 AM ET.


Should I Buy Agnico Eagle Mines Stock? AEM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 28, 2024. Please send any questions or comments about these Agnico Eagle Mines pros and cons to contact@marketbeat.com.

Agnico Eagle Mines
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Agnico Eagle Mines Limited:

  • Agnico Eagle Mines has a strong buy rating from UBS Group, indicating positive sentiment from analysts.
  • The company recently increased its quarterly dividend from $0.40 to $0.547, showcasing a commitment to rewarding shareholders.
  • Insider transactions show confidence in the company, with significant shares being bought by company insiders.
  • Agnico Eagle Mines has a market cap of C$56.77 billion, indicating a sizable presence in the market.
  • The stock price has shown stability with a 50-day moving average of C$106.88, suggesting a consistent performance.

Agnico Eagle Mines
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Agnico Eagle Mines Limited for these reasons:

  • The dividend payout ratio of 137.34% is concerning as it indicates the company is paying out more in dividends than it is earning.

AEM Forecast - Frequently Asked Questions

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Agnico Eagle Mines is C$116.00, with a high forecast of C$144.00 and a low forecast of C$62.00.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AEM shares.

According to analysts, Agnico Eagle Mines's stock has a predicted upside of 7.26% based on their 12-month stock forecasts.

Over the previous 90 days, Agnico Eagle Mines's stock had 1 upgrade by analysts.

Agnico Eagle Mines has been rated by research analysts at National Bankshares, Stifel Nicolaus, and UBS Group in the past 90 days.

Analysts like Agnico Eagle Mines more than other "basic materials" companies. The consensus rating for Agnico Eagle Mines is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how AEM compares to other companies.


This page (TSE:AEM) was last updated on 11/17/2024 by MarketBeat.com Staff
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