Agnico Eagle Mines +6.8% after Sterne Agee upgrades to Buy


Agnico Eagle Mines (AEM +6.8%) is on the move after Sterne Agee upgrades shares to Buy from Neutral and raises the target price to $38, citing "solid corporate actions, mine maturity, and production growth" that "should allow for return and cash generation upside."

The firm says AEM has long been one of the best managed senior North American gold producers, which continues to offer one of the highest growth profiles in the industry, especially in an environment where most large and mid-cap miners expect flat to negative growth over the next few years.

The firm supports AEM's capital and cost-savings targets with potential for additional reductions while exhibiting ample liquidity.

Comments (4)
  • User 195396
    , contributor
    Comments (445) | Send Message
     
    Mgmt team first in class-Sterne nails it.
    23 Jan 2014, 03:46 PM Reply Like
  • brazil2010
    , contributor
    Comments (45) | Send Message
     
    User do you have tendencies to agree on everything that you read on s a wold you share some of your positions ?
    24 Jan 2014, 01:30 AM Reply Like
  • User 195396
    , contributor
    Comments (445) | Send Message
     
    AEM, SLW,AG,FNV,MUX,AUY,CEF... sure I understand first part of question.
    24 Jan 2014, 12:35 PM Reply Like
  • Starman1
    , contributor
    Comments (19) | Send Message
     
    AEM seems to be one of the best managed miners and are big enough to survive the gold bears. I have been in and out of it fishing for the bottom.My first experience of a whipsaw. Now I'm long on it. I like FCX as well and have small positions in both which I will hold for the inevitable rise..
    25 Jan 2014, 12:46 PM Reply Like
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