Agnico Eagle Gets a Hold Rating from BMO Capital

By Austin Angelo

In a report released today, Andrew Kaip from BMO Capital reiterated a Hold rating on Agnico Eagle (NYSE: AEM), with a price target of $47. The company’s shares opened today at $45.40.

According to TipRanks.com, Kaip is ranked 0 out of 5 stars with an average return of -3.9% and a 32.4% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Endeavour Silver Corp.

Agnico Eagle has an analyst consensus of Moderate Buy, with a price target consensus of $53.

Agnico Eagle’s market cap is currently $10.44B and has a P/E ratio of 38.15. The company has a book value ratio of 2.1380.

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Agnico Eagle Mines Ltd. engages in the exploration, development, and production of gold mineral properties. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.