Bank of America Securities analyst Lawson Winder maintained a Buy rating on Agnico Eagle (AEM – Research Report) today and set a price target of $116.00.
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Lawson Winder has given his Buy rating due to a combination of factors including Agnico Eagle Mines’ robust financial performance and strategic initiatives. The company reported a notable earnings beat in Q4’24, attributed to lower taxes and depreciation, and its gold production figures closely aligned with expectations, indicating strong operational capabilities.
Additionally, Agnico Eagle’s forward-looking guidance for 2025-2027 suggests stable gold production with potential growth upside, supported by exploration and optimization efforts at key sites. The company’s fiscal discipline is further evident in its significant reduction of net debt, and its capital expenditure and exploration budgets are poised to sustain its growth momentum. Overall, these elements underpin Winder’s confidence in Agnico Eagle’s long-term value proposition, justifying the Buy rating.
In another report released on February 11, National Bank also maintained a Buy rating on the stock with a C$160.00 price target.
Based on the recent corporate insider activity of 101 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.