Shares of Agnico-Eagle Mines (AEM) Sink on Downgrade
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Price: $63.69 +1.22%
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Shares of Agnico-Eagle Mines (NYSE: AEM) are trading at $40.86, down -$0.66 (-1.59%) despite today's broad based rally.
However, this morning, Canaccord Genuity, downgraded the stock from Buy to Hold. AEM's price target was also slashed from $98 to $53.
The stock traded as low as $40.39 this morning, constituting a fresh 52-wk low.
Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. The company primarily explores for gold, as well as silver, copper, zinc, and lead.
However, this morning, Canaccord Genuity, downgraded the stock from Buy to Hold. AEM's price target was also slashed from $98 to $53.
The stock traded as low as $40.39 this morning, constituting a fresh 52-wk low.
Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. The company primarily explores for gold, as well as silver, copper, zinc, and lead.
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