Dahlman Rose Downgrades Agnico-Eagle Mines Ltd. (AEM) to Hold; Shares Fully Valued

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Dahlman Rose downgraded Agnico-Eagle Mines Ltd. (NYSE: AEM) from Buy to Hold.

Analyst, Adam P Graf, said, "Despite 2011 complications, we believe the market has regained confidence in current operations and future growth prospects. We believe shares now to be fully-valued, and are therefore downgrading our rating."

For an analyst ratings summary and ratings history on Agnico-Eagle Mines Ltd. click here. For more ratings news on Agnico-Eagle Mines Ltd. click here.

Shares of Agnico-Eagle Mines Ltd. closed at $38.58 yesterday, with a 52 week range of $31.42-$73.09.

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