According to a research report published earlier today, Global Hunter Securities has initiated Agnico-Eagle Mines AEM with a Buy rating and $46 PT.
In the report, Global Hunter Securities mentioned, “Agnico-Eagle (AEM) begins 2012 with the ability to hit the "reset" button and once again fulfill its potential to investors, in our opinion. We believe the current equity valuation reflects a disproportionate discount to our estimate of its future gold production growth; we believe AEM has the ability to reach an annual gold production level of more than 1.0 million ounces in 2014. We also think it can recapture investor interest with moderate success at its flagship project, LaRonde, while it works to lower key cost metrics across all other operations.”
Agnico-Eagle Mines closed yesterday at $33.44.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in