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Stock Market & Financial Investment News

News Breaks
February 20, 2014
06:48 EDTAEMAgnico-Eagle upgraded to Buy from Neutral at UBS
UBS upgraded Agnico-Eagle to reflect relative valuation and increased gold price forecasts. Price target raised to $37 from $34.
News For AEM From The Last 14 Days
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January 26, 2015
10:00 EDTAEMOn The Fly: Analyst Downgrade Summary
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07:53 EDTAEMAgnico-Eagle downgraded to Neutral from Overweight at HSBC
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January 21, 2015
08:39 EDTAEMGoldcorp acquires additional interest in Probe from Agnico-Eagle for CAN43M
Goldcorp (GG) has entered into an agreement to purchase 7,320,200 common shares of Probe Mines Limited and 2,347,951 warrants to purchase common shares of Probe from Agnico Eagle Mines (AEM) for cash consideration of CAN5.00 per common share and CAN2.90 per warrant for an aggregate purchase price of approximately CAN43M. Each warrant is exercisable to purchase one common share of Probe at a price of CAN2.10 until May 28. The purchase is expected to close on or about January 28. Following the acquisition from Agnico, Goldcorp will own 15,720,200 Probe shares and 2,347,951 warrants, representing beneficial ownership of 19.9% of shares on a partially-diluted basis. If the proposed Plan of Arrangement pursuant to which Goldcorp proposes to acquire all of the outstanding common shares of Probe is approved by the shareholders of Probe, Goldcorp will acquire 100% of the issued and outstanding Probe shares.

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