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.
Agnico Eagle Mines Ltd (TSX:AEM) told investors that the addition of underground mining to complement its open pit operation at its Detour Lake mine in Ontario has the potential to increase average gold production at the mine to 1 million ounces per year. The Canada-based gold producer said on Wednesday that it has completed an updated life of mine plan (2024 LOMP) which updates the open pit mine production profile and includes updated costing.
Agnico Eagle Mines (AEM) closed at $64.25 in the latest trading session, marking no change from the prior day.
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Agnico Eagle Mines (AEM) concluded the recent trading session at $64.68, signifying a -0.86% move from its prior day's close.
We have narrowed our search to five gold stocks with strong potential for the rest of 2024. These stocks are: GOLD, AU, AEM, HMY, GFI.
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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.
The price of gold has outperformed stocks this year and since 2022. The mining stocks Barrick Gold, Agnico Eagle Mines and Harmony Gold are huge beneficiaries of this rally.
Here is how Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU) have performed compared to their sector so far this year.
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Does Agnico Eagle Mines (AEM) have what it takes to be a top stock pick for momentum investors? Let's find out.