Agnico Eagle Mines (AEM) Stock Forecast & Price Target

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

Buy

Based on 5 Analyst Ratings

Sell
0

Hold
0

Buy
5

Consensus Price Target

C$105.14
N/A

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AEM Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
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)	5 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 Target	C$105.14	C$105.14	C$101.88	C$82.21
Forecasted Upside	N/A	-6.28% Downside	0.04% Upside	21.68% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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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.

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.

Agnico Eagle Mines Stock vs. The Competition

Type	Agnico Eagle Mines	Basic Materials Companies
Consensus Rating Score	3.20	2.76
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent AEM News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/17/2024	UBS Group 4 of 5 stars	D. Major Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/23/2024	Canaccord Genuity Group 4 of 5 stars		Boost Target		C$105.00 ➝ C$118.00	+13.37%
7/11/2024	Eight Capital 5 of 5 stars		Boost Target		C$105.00 ➝ C$115.00	+13.02%
6/24/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$104.00	+16.36%
6/24/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$110.00 ➝ C$115.00	+28.66%
4/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$94.00 ➝ C$104.00	+18.91%
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4/12/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$88.40 ➝ C$118.00	+38.94%
4/8/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform Overweight
2/21/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$62.00	-5.72%
4/20/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$65.00 ➝ C$66.00	-13.78%
2/17/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matt Murphy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	C$62.00	+1.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:25 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 Tuesday, October 8, 2024. Please send any questions or comments about these Agnico Eagle Mines pros and cons to contact@marketbeat.com.

Agnico Eagle Mines
Bull Case

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

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$105.14, with a high forecast of C$118.00 and a low forecast of C$62.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AEM shares.
: According to analysts, Agnico Eagle Mines's stock has a predicted upside of ∞ 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 Canaccord Genuity Group, 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.