Agnico Eagle Mines (AEM) Soars 1.36% on Bullish Analyst Targets

Agnico Eagle Mines (AEM) surged to a record high today, with an intraday gain of 1.36%.

Scotiabank has raised its price target for Agnico Eagle Mines from $105 to $126, indicating a positive outlook on the company's stock. This move reflects the bank's confidence in the company's future performance and potential for growth. Additionally, UBS Group increased its price target from $110 to $115, although maintaining a "neutral" rating, suggesting a cautious yet optimistic view on the stock's prospects.

Analysts have shown a strong consensus in their ratings for Agnico Eagle Mines, with a "Buy" rating being the most common. The average price target among analysts stands at $111.90, indicating a bullish sentiment towards the stock. Raymond James has raised their price objective to $130 with an “outperform” rating, while Citigroup increased their target to $140 with a “buy” rating. These ratings and price objectives reflect the analysts' confidence in the company's ability to deliver strong returns for investors.