Agnico Eagle (AEM): New Buy Recommendation for This Basic Materials Giant


Agnico Eagle (AEM): New Buy Recommendation for This Basic Materials Giant

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According to TipRanks, Wolfson is a 5-star analyst with an average return of 6.4% and a 62.98% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Royal Gold, and Osisko Gold Royalties.

Currently, the analyst consensus on Agnico Eagle is a Strong Buy with an average price target of $106.43, implying a 6.91% upside from current levels. In a report released on February 26, CIBC also maintained a Buy rating on the stock with a $116.00 price target.

Based on Agnico Eagle's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.22 billion and a net profit of $509.26 million. In comparison, last year the company earned a revenue of $1.76 billion and had a GAAP net loss of $381.01 million

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AEM in relation to earlier this year.

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