Industrial Alliance Securities analyst Puneet Singh maintained a Buy rating on Agnico-Eagle Mines Limited on Tuesday, setting a price target of C$120, which is approximately 74.24% above the present share price of $55.13.
Singh expects Agnico-Eagle Mines Limited to post earnings per share (EPS) of $0.78 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Agnico Eagle (NYSE:AEM), with an average price target of $84.76.
The analysts price targets range from a high of $97.66 to a low of $63.24.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $966.32 million and a net profit of $292.57 million. The company's market cap is $13.44 billion.
According to TipRanks.com, Industrial Alliance Securities analyst Puneet Singh is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.8% and a 28.57% success rate.
Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine. The Southern Business segment consists of Pinos Altos mine, Creston Mascota mine, and La India mine. The Exploration segment represents the exploration offices in the United States, Europe, Canada, and Latin America. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.