Scotia Capital Maintains Sector Perform On Agnico-Eagle Mines

Scotia Capital is out with a research report on Agnico-Eagle Mines Limited AEM and it has a Sector Perform and $80 price target after it reported earnings. In a note to clients, Scotia Capital writes, "Gold production of 239 koz at total cash costs of $565/oz vs. our estimate of 238 koz at cash costs of $589/oz. Better costs were seen at Meadowbank and Kittila than what we were modelling." Shares of AEM are up $1.07 in pre-market trading to $57.79.