Agnico Eagle Mines (AEM) closed at $74.76 in the latest trading session, marking a +0.8% move from the prior day.
Agnico Eagle Mines has seen a 20% price increase in the past quarter, but its uptick appears hardly over yet. Besides benefiting from rising gold prices, the company's production levels are healthy, resulting in superior revenue growth and upgraded financial projections. Even its market multiples still indicate the possibility of significant further upside ahead. There's also a possibility of higher dividends moving forward.
Agnico Eagle, Franco-Nevada, Royal Gold, Eldorado Gold and New Gold have been highlighted in this Industry Outlook article.
With gold prices on an uptrend and demand expected to remain strong, the near-term outlook for the Zacks Mining - Gold industry looks promising. Investors can consider adding stocks like AEM, FNV, RGLD, EGO and NGD to their portfolios to capitalize on these trends.
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Agnico (AEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
With a strong pipeline of growth projects, solid financial health, rising earnings estimates and a healthy growth trajectory, Agnico Eagle (AEM) presents a compelling investment case for those seeking exposure to the gold mining space.
Does Agnico Eagle Mines (AEM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Agnico Eagle Mines (AEM) is set to own 29,413,166 common shares with the closure of the transaction, representing approximately 13.25% of the issued and outstanding common shares on a non-diluted basis.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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 Alamos Gold (AGI) have performed compared to their sector so far this year.