Scotiabank raised the firm’s price target on Agnico Eagle (AEM) to $103 from $94 and keeps an Outperform rating on the shares. The firm has adjusted its gold forecasts for 2025, 2026, and 2027, reflecting Economics/Strategy forecasts for interest rates, inflation, and USD expectations, the analyst tells investors. While the firm’s long-term gold price forecast has not changed, Scotiabank made changed to its net assets values and target prices for stocks covered in its Gold & Precious Minerals sector.
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Read More on AEM:
- White Gold announces updated MRE for White Gold project
- Agnico Eagle put volume heavy and directionally bearish
- Gold mining stocks looking like a bargain, Barron’s says
- Agnico Eagle price target raised to $102 from $101 at CIBC
- Agnico Eagle Achieves Record Cash Flow and Reduces Debt
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