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Fly News Breaks for February 19, 2020
AEM
Feb 19, 2020 | 08:54 EDT
RBC Capital analyst Josh Wolfson lowered his price target on Agnico Eagle to $50 and kept his Sector Perform rating after its "disappointing" Q4 results and guidance. The analyst notes that the company can realize its guided improvements in Q2 after the "transient issues associated with downtime at LaRonde" in Q1, but its forward looking growth rates are seen decelerating with slower ramp-ups and high cost inflation, posing a challenge to Agnico Eagle's premium valuation relative to its historical levels.
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