Agnico Eagle resumed with a Buy at Erste Group

Erste Group resumed coverage of Agnico Eagle with a Buy rating. Agnico is benefiting from the increasing demand for gold and the associated gold price increases, notes the firm. The current cycle of interest rate cuts, high geopolitical uncertainties and central bank purchases of gold “favor a further rise in the gold price” and the firm considers the consensus sales and earnings growth forecast for 2025 to be “too low,” the analyst tells investors.