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Fly News Breaks for July 30, 2018
AEM
Jul 30, 2018 | 07:22 EDT
As reported earlier, RBC Capital analyst Stephen Walker upgraded Agnico Eagle to Outperform from Standard Perform and raised his price target to $55 from $49. The analyst anticipates the company's gold production to rise 32% in 2018-2020 period and sees its "significant" increase in free cash flows potentially leading to a doubling of its dividend. Walker also expects the market to "pay up" for Agnico Eagle's shareholder friendly capital allocation history.
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