The Globe and Mail reports in its Friday, Jan. 16, edition that Citi analyst Alexander Hacking has reiterated his "buy" recommendation for Agnico Eagle Mines. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hacking's share target soared to a Street-high $256 from $198 (all figures U.S.). Analysts on average target the shares at $188.11. Mr. Hacking says in a note: "We update our Agnico Eagle model to reflect latest guidance and Citi's commodity price forecasts. Citi commodities team recently upgraded its gold price forecast to average $4,430/oz in 2026 and raised long-term prices to $3,600/oz. We expect 2025 attributable production to push into the upper bounds of FY25 guidance (3.3-3.5Moz) and 4Q25E to settle at around 840koz with sequential improvement at Detour Lake. Elevated gold prices support higher margins, but increased royalty costs (up $30-$40/oz) will offset some of those gains. Updated FY26/27 guidance will be released with results but previous production forecasts were set at 3.3-3.5Moz for both years. The project pipeline remains robust at Agnico, with work continuing at Upper Beaver, while a new PFS is expected by end-26 at Hope Bay."