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Agnico Eagle Mines (AEM) Stock Forecast & Price Target

Agnico Eagle Mines logo
$82.82 +0.37 (+0.45%)
(As of 11/20/2024 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
1
Buy
7

Based on 8 Wall Street analysts who have issued ratings for Agnico Eagle Mines in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 1 has given a hold rating, and 7 have given a buy rating for AEM.

Consensus Price Target

$86.78
4.78% Upside
According to the 8 analysts' twelve-month price targets for Agnico Eagle Mines, the average price target is $86.78. The highest price target for AEM is $101.00, while the lowest price target for AEM is $71.00. The average price target represents a forecasted upside of 4.78% from the current price of $82.82.
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AEM Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 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 Target$86.78$86.78$82.86$67.60
Forecasted Upside4.78% Upside-1.38% Downside0.09% Upside36.30% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate 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 CompaniesS&P 500
Consensus Rating Score
2.88
2.76
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside4.78% Upside123.41% Upside9.81% Upside
News Sentiment Rating
Positive News

See Recent AEM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/4/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetHold ➝ Hold$68.00 ➝ $85.00+7.94%
9/17/2024UBS Group
4 of 5 stars
D. Major
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Initiated CoverageBuy$95.00+15.80%
9/10/2024Royal Bank of Canada
4 of 5 stars
 Boost TargetOutperform$80.00 ➝ $87.00+12.24%
8/19/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$81.00 ➝ $94.00+16.26%
8/2/2024TD Securities
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 Boost TargetBuy$90.00 ➝ $91.00+21.67%
7/10/2024CIBC
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 Boost TargetOutperformer ➝ Outperformer$81.00 ➝ $101.00+38.07%
6/20/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$79.00 ➝ $77.00+16.38%
4/30/2024Citigroup
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 Boost TargetBuy ➝ Buy$65.00 ➝ $80.00+25.10%
4/8/2024National Bank Financial
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M. Parkin
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Reiterated RatingOutperform Overweight
1/12/2024Raymond James
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 Boost TargetOutperform$66.00 ➝ $71.00+34.88%
8/17/2023CSFB
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 Boost TargetOutperform$60.00 ➝ $61.00+32.21%
7/27/2023Barclays
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 Boost TargetOverweight$61.00 ➝ $62.00+18.75%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:16 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, November 4, 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 reported strong earnings per share (EPS) of $1.07 for the quarter, surpassing the consensus estimate by $0.14. This indicates a solid financial performance and potential for growth.
  • The company has a positive return on equity of 7.16%, showcasing efficient utilization of shareholder funds to generate profits.
  • With a revenue of $2.08 billion for the quarter, Agnico Eagle Mines exceeded the consensus estimate, demonstrating robust revenue generation capabilities.
  • Analysts anticipate Agnico Eagle Mines to post 3.73 earnings per share for the current year, indicating a positive outlook for future profitability.
  • Recent analyst coverage from UBS Group with a "buy" rating and a price target of $95.00 suggests confidence in the company's performance and growth potential.

Agnico Eagle Mines
Bear Case

red Wall Street bear icon

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

  • Although the stock has been trading at a high of $83.95, the current price of $82.31 may indicate a potential downside or limited room for immediate capital appreciation.

AEM Forecast - Frequently Asked Questions

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Agnico Eagle Mines is $86.78, with a high forecast of $101.00 and a low forecast of $71.00.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last twelve months. There is currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AEM shares.

According to analysts, Agnico Eagle Mines's stock has a predicted upside of 4.78% based on their 12-month stock forecasts.

Agnico Eagle Mines has been rated by research analysts at Jefferies Financial Group, Royal Bank of Canada, and UBS Group in the past 90 days.

Analysts like Agnico Eagle Mines more than other "basic materials" companies. The consensus rating score for Agnico Eagle Mines is 2.88 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how AEM compares to other companies.


This page (NYSE:AEM) was last updated on 11/21/2024 by MarketBeat.com Staff
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