Citi raised the firm’s price target on Agnico Eagle (AEM) to $198 from $140 and keeps a Buy rating on the shares. The firm upped price targets in the gold sector to reflect its latest gold price forecasts. Citi is bullish on gold in the short-term due to “cyclical and tactical tailwinds.”
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Read More on AEM:
- Agnico Eagle price target raised to $231 from $165 at CIBC
- Agnico Eagle price target raised to $182 from $155 at Raymond James
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- Agnico Eagle invests C$8.25M in Fuerte Metals
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