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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price. Do they really matter, though? Let’s take a look at what these Wall Street heavyweights have to say about Agnico Eagle Mines (NYSE: AEM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Agnico currently has an average brokerage recommendation of 1.36, on a scale of 1 to 5 (Strong Buy to St…

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