Raymond James raised the firm’s price target on Agnico Eagle (AEM) to $225 from $182 and keeps an Outperform rating on the shares. The firm updated targets in the mining group to reflect new commodity price forecasts for the precious and base metals complex. It increased gold and silver price estimates citing continued economic and political uncertainty. Raymond James continues to favor copper in the base metals complex, as it expected growing deficits in the medium to long term.
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