Agnico Eagle Mines remains a "Buy" as gold prices surge, with a raised price target and strong operational performance. AEM delivered impressive Q2 results, beating EPS and revenue estimates, maintaining cost discipline, and executing successful exploration projects. Valuation is still attractive, though the gap to intrinsic value has narrowed; $4,000 gold offers significant operating leverage for AEM.
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AEM's 52% six-month rally, strong cash flows and project progress suggest more upside as gold prices hit historic highs.
Agnico Eagle Mines (AEM) reached $169.57 at the closing of the latest trading day, reflecting a +1.97% change compared to its last close.
Gold's record rally and rising Fed rate cut hopes are fueling gains for miners like AEM, DRD, AGI, GFI and USAU.
Gold prices have surged over 45% in 2024, reaching multiple record peaks and heading toward their strongest annual performance in 45 years.
Agnico (AEM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Agnico (AEM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Agnico (AEM) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Here is how Agnico Eagle Mines (AEM) and Hecla Mining (HL) have performed compared to their sector so far this year.
Agnico (AEM) possesses solid growth attributes, which could help it handily outperform the market.
AEM boosts its investment in Maple Gold through a $351,971 private placement, adding shares and warrants to expand its strategic position.