Agnico Eagle price target raised to $81 from $71 at Scotiabank

Scotiabank raised the firm’s price target on Agnico Eagle to $81 from $71 and keeps an Outperform rating on the shares. The firm adjusted its gold price forecasts for 2024 and 2025, taking into account forecasts for interest rates, inflations, USD expectations, and incorporating stronger than expected purchasing of gold in the official sector, the analyst tells investors.