Agnico-Eagle Mines Ltd. (NYSE:AEM) was downgraded by Credit Suisse (NYSE:CS), dropping them from "Outperform" to "Neutral."
Over the last year Agnico has burned through a lot of cash, raising concerns among a number of investors. They spent over $124 million over the last 12 months.
Agnico is trading today at $77.69, falling $0.49,or 0.63 percent at 12:15 PM EST.
Credit Suisse has a price target of $86 on the gold miner.
Monday, November 22, 2010
Agnico-Eagle (NYSE:AEM) Downgraded by Credit Suisse (NYSE:CS)
Labels:
Agnico-Eagle,
Credit Suisse,
Gold Miners
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