Agnico Eagle Mines (AEM) Stock Forecast & Price Target

$73.37

+0.33 (+0.45%)

(As of 07/26/2024 ET)

Agnico Eagle Mines - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Agnico Eagle Mines in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a hold rating, and 8 have given a buy rating for AEM.

Consensus Price Target

$75.22
2.52% Upside

High Forecast	$101.00
Average Forecast	$75.22
Low Forecast	$61.00

According to the 9 analysts' twelve-month price targets for Agnico Eagle Mines, the average price target is $75.22. The highest price target for AEM is $101.00, while the lowest price target for AEM is $61.00. The average price target represents a forecasted upside of 2.52% from the current price of $73.37.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	5 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$75.22	$72.22	$64.14	$60.50
Forecasted Upside	2.52% Upside	19.95% Upside	24.58% Upside	27.18% Upside

Get Agnico Eagle Mines Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for AEM and its competitors with MarketBeat's FREE daily newsletter.

Ad DTI

How a $0.25 cent option contract makes my top traders feel

If you don’t know me, I’ve been in the markets for over 40 years… but recently, I’ve discovered a breakthrough that might be my favorite strategy of ALL time! While I kept the finer details of these $0.25 Cent Trades under wraps until recently…

Click now to see for yourself what $0.25 Cent Trades is all about

AEM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AEM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Agnico Eagle Mines Stock vs. The Competition

Type	Agnico Eagle Mines	Basic Materials Companies	S&P 500
Consensus Rating Score	2.89	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	2.52% Upside	306.52% Upside	9.15% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/12/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Hold ➝ Hold	$59.00 ➝ $66.00	-12.08%
7/10/2024	CIBC 3 of 5 stars		Boost Target	Outperformer ➝ Outperformer	$81.00 ➝ $101.00	+38.07%
6/20/2024	BMO Capital Markets 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$79.00 ➝ $77.00	+16.38%
5/23/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$71.00 ➝ $81.00	+20.52%
4/30/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$74.00 ➝ $78.00	+22.12%
4/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$65.00 ➝ $80.00	+25.10%
Get the Latest News and Ratings for AEM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Agnico Eagle Mines and its competitors with MarketBeat's FREE daily newsletter.
4/8/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform Overweight
1/12/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$66.00 ➝ $71.00	+34.88%
8/17/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$60.00 ➝ $61.00	+32.21%
7/27/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$61.00 ➝ $62.00	+18.75%
9/20/2022	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Carey MacRury Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	C$89.00 ➝ C$91.00
9/12/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$55.00	+24.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:10 PM ET.

AEM Forecast - Frequently Asked Questions

What is Agnico Eagle Mines' forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Agnico Eagle Mines is $75.22, with a high forecast of $101.00 and a low forecast of $61.00.
Should I buy or sell Agnico Eagle Mines stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Agnico Eagle Mines in the last year. There is currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AEM shares.
Does Agnico Eagle Mines's stock price have much upside?: According to analysts, Agnico Eagle Mines's stock has a predicted upside of 21.82% based on their 12-month stock forecasts.
What analysts cover Agnico Eagle Mines?: Agnico Eagle Mines has been rated by research analysts at BMO Capital Markets, CIBC, Citigroup, Jefferies Financial Group, Scotiabank, and TD Securities in the past 90 days.
Do Wall Street analysts like Agnico Eagle Mines more than its competitors?: Analysts like Agnico Eagle Mines more than other "basic materials" companies. The consensus rating score for Agnico Eagle Mines is 2.89 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how AEM compares to other companies.