TD Securities has upgraded Agnico Eagle from Buy to Strong Buy, or to use TD's term, "Action List Buy". Target is raised from USD 48.00 to USD 62.00.

The two page report on Agnico, dated today, Jan 14, says in part:

"We believe Agnico-Eagle is the best positioned senior producer in 2009 with gold production forecast to double this year and next. The company remains a low cost producer, has relatively low geopolitical risk exposure, and is fully financed to complete its development pipeline that should see produce 1.3 million ounces annually by 2013."