Agnico-Eagle Mines (AEM -1%) has restored investor confidence, RBC analyst Stephen Walker says...

|About: Agnico Eagle Mines Limited (AEM)|By:, SA News Editor

Agnico-Eagle Mines (AEM -1%) has restored investor confidence, RBC analyst Stephen Walker says in raising his target price to $53 from $45. The firm sees good potential for sustainable growth through AEM's plans to develop two satellite zones at Goldex and ramp up production at its flagship LaRonde mine.