Gold stocks rallied on Thursday after tariff announcements drove indexes down. The post These Are The Last Stocks Standing As Tariff War Clouds Gather appeared first on Investor's Business Daily.
Agnico Eagle Mines (AEM) concluded the recent trading session at $108.49, signifying a +0.89% move from its prior day's close.
President Donald Trump's sweeping tariffs are driving today's market selloff.
Agnico Eagle Mines Limited's share price has surged nearly 40% this year, driven by a bull run in gold prices amid tariff policy uncertainties. Key projects to keep an eye on include Detour Lake, Odyssey, and Hope Bay. That said, results will take at least five years to materialize. I believe the stock's premium valuation may be justified by its high profitability, asset quality, and promising pipeline.
Before the Private Placement, AEM owned 30,169,111 common shares or about 13.3% of the issued and outstanding common shares on a non-diluted basis.
Agnico Eagle Mines Ltd (TSX:AEM) has been downgraded to a Neutral rating from Buy by UBS, citing the stock's strong rally and stretched relative valuation against its peers. "We remain constructive on the outlook for gold, and we continue to see gold equities as an important portfolio diversifier," the analysts wrote.
Despite rising gold prices, cost pressures weigh on the Zacks Mining - Gold industry. We suggest keeping tabs on stocks like AEM, GOLD, FNV, KGC and AGI.
Agnico Eagle Mines has seen a 25% price increase since December, driven by a rally in gold prices and robust financial performance. A positive impetus continues for the stock as gold price forecasts are positive, indicating that it can rise to as much as $3,300 per ounce. AEM's sustained gold production and robust margins also work in its favor, encouraging a positive financial outlook for 2025.
There has always been a degree of scorn from Wall Street and so-called investment professionals over the years for those who invested in gold.
Agnico Eagle Mines Limited AEM has entered into an agreement to subscribe for 20,770,000 units of Cartier Resources Inc. in a non-brokered private placement at a price of C$0.13 per unit, totaling C$2,700,100. Each unit consists of one common share of Cartier and one common share purchase warrant, which gives the holder the right to acquire one common share at a price of C$0.18 for five years after the private placement closes, with the possibility of acceleration in certain cases.
These dividend-paying sectors are priced like they're in crisis — yet fundamentals have never looked stronger. One sector offers extremely compelling combinations of yields and growth. The other sector could see massive upside in the near term.
In the latest trading session, Agnico Eagle Mines (AEM) closed at $104.34, marking a -1.02% move from the previous day.