Stock Rating Upgrade
Of late the Value Trend Rating for Agnico Eagle Mines Ltd (NYSE: AEM) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 4/8/24, Agnico Eagle Mines Ltd (NYSE: AEM) stock declined modestly by -1.4%, closing at $61.15. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AEM is expected to continue to be a modest Value Builder.
Agnico Eagle Mines has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Agnico Eagle Mines has a slightly positive Power Rating of 69 and a good Appreciation Score of 74, leading to the Positive Value Trend Rating.
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