Agnico Eagle Mines shares surge 5.39% premarket after RBC raises price target to $210 amid bullish analyst sentiment.

Agnico Eagle Mines (AEM) surged 5.39% in premarket trading, driven by analyst upgrades and bullish technical outlooks. RBC raised its price target to $210, while Insider Monkey highlighted analysts raising price targets for AEM, reflecting renewed confidence in the gold miner. JPMorgan’s recent note emphasized a valuation gap favoring AEM over peer Barrick Mining, reinforcing its relative appeal. Additionally, technical analysis from Traders Union noted a structurally bullish setup, with the stock holding above key moving averages and projected consolidation toward $286.90. These factors, combined with Jim Cramer’s endorsement and positive momentum signals, aligned with the premarket rally.