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Agnico-eagle Mines (AEM) [hlAlert]

Rating:
Underweight
AEM
up 143.31 %

Agnico-eagle Mines (AEM) downgraded to Underweight by HSBC Securities

Posted on: Monday,  Jan 26, 2009  9:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Agnico-eagle Mines (NYSE: AEM) on 01/26/2009, when the stock price was $57.18. Since
then, Agnico-eagle Mines has lost 58.90% as of 01/14/2016's recent price of $23.50.
If you would have followed this HSBC Securities's recommendation on AEM, you would have gained 143.31% of your investment in 2544 days.

Agnico-Eagle Mines Limited (Agnico-Eagle) is a gold producer with mining operations located in northwestern Quebec and northern Finland, mine construction projects in northwestern Quebec, Nunavut and northern Mexico and exploration activities in Canada, Finland, Mexico and the United States. The Company operates through four regional units: the Quebec Region, the European Region, the Mexican Region and the Nunavut Region. The Quebec Region includes the LaRonde Mine, the LaRonde Mine extension project, the Goldex Mine and the Lapa mine project, each of which is held directly by the Company. The Company's operations in the European Region are conducted through its indirect subsidiary, Riddarhyttan Resources AB (Riddarhyttan), which indirectly owns the Kittila Mine in Finland. The Company's operations in the Mexican Region are conducted through its subsidiary, Agnico Eagle Mexico S.A. de C.V., which owns the Pinos Altos mine project.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2013 8:25 AM Sell
None
31.44 28.60
as of 12/31/2009
1 Week down  -23.98 %
1 Month down  -9.12 %
3 Months down  -0.78 %
1 YTD down  -19.58 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/26/2009 9:25 AM Sell
None
57.18
4/30/2008 8:25 AM Hold
None
59.84 62.00
2/19/2008 9:25 AM Sell
None
65.41
10/9/2007 9:25 AM Hold
None
53.49 52.00
8/6/2007 9:25 AM Hold
None
42.04 45.00

(*) Stock Price at the time of the recommendation.
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