Agnico Eagle Mines Ltd (AEM)

[Sam Dan]

More positive predictions re AEM They use USA dollars
Canadian T.AEM is more than 20% higher!!!
the latest being an upgrade from JP Morgan raised there rating on the gold miner to overweight from neutral, telling clients Agnico has the right assets and management qualified for the tricky gold market. He also noted that the company's operations in Canada, Mexico and Finland shield its costs from the strong U.S. dollar, while its portfolio of underground mines provides the flexibility to adjust to moves in the price of gold. "It's easy but wrong (in our opinion) for equity investors to just take their cue from moves in the U.S. dollar gold price since rising Canadian dollar, peso and euro gold prices help companies like Agnico," Mr. Bridges said in a note. He figures there is value in Agnico due to its robust operating margins and pipeline of projects under development. The analyst also raised his price target on the stock to $41 (U.S.) from $38 (U.S.). "Agnico has bounced back well from a number ofproblems seen in 2011," Mr. Bridges said, adding its planned projects will replace production and improve its production profile in the coming years