Agnico Eagle price target raised to $88 from $85 at Jefferies

Jefferies raised the firm’s price target on Agnico Eagle (AEM) to $88 from $85 and keeps a Hold rating on the shares. The firm continues to see gold price support from central bank purchases and the Fed rate cut cycle, albeit at a slower pace than previously envisaged, and is calling for $2,658/oz gold and $4.15/lb copper in 2025, the analyst tells investors.