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Scotiabank analyst Tanya Jakusconek raised the firm’s price target on Agnico Eagle (AEM) to $126 from $105 and keeps an Outperform rating on the shares. The firm is updating its price targets on stocks in the Gold & Precious Minerals sector, the analyst tells investors. The firm is expecting flat margins quarter-over-quarter given Q1 is a weaker operating quarter for most companies, with stronger operating performance in the second half of the year. Commentary on potential tariff impact will be a focus for most companies as they review their supply chain/purchases and overall impact to costs, the firm adds.

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• Tariff Tensions Send Gold Prices Soaring as Mining Stocks Amplify Gains: Two to Consider

• Agnico Eagle call volume above normal and directionally bullish

• Agnico Eagle price target raised to $142 from $119 at BofA

• Agnico Eagle price target raised to $130 from $105 at Raymond James

• Agnico Eagle price target raised to $115 from $110 at RBC Capital