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Gold miners' Q4 results are likely to reflect the benefits of higher realized prices and cost-cutting. AEM, KGC and NEM look set to beat earnings estimates.
The case for gold and gold miners is compelling for two reasons.
The latest trading day saw Agnico Eagle Mines (AEM) settling at $190.5, representing a -11.61% change from its previous close.
In the closing of the recent trading day, Agnico Eagle Mines (AEM) stood at $215.51, denoting a -3.35% move from the preceding trading day.
Zacks.com users have recently been watching Agnico (AEM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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AEM's Q3 free cash flow nearly doubled year over year, boosting growth investments, debt reduction and shareholder returns.
One framework quietly determines which stocks truly win over decades. Three macro forces are colliding in a way most investors haven't noticed. These picks weren't chosen for yield, but for something far more powerful.
Gold prices are driving gains for AEM and KGC, as both miners ramp up production, boost cash flow and reduce debt.
In the most recent trading session, Agnico Eagle Mines (AEM) closed at $205.35, indicating a -1.79% shift from the previous trading day.
Gold prices climbed almost 66% last year, sending Agnico Eagle Mines Limited's AEM shares up 116.8%. The question now is: Can the gold mining company repeat its stellar performance this year, offering investors another chance to gain if they missed out earlier?