QQQ - 5 Reasons Agnico Eagle Mines Remains A Buy

2024-07-21 08:39:21 ET

Summary

• 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.

Since I last wrote about the gold miner Agnico Eagle Mines ( AEM ) in April, it's up by almost 20%. With gold prices on the up and up, this is hardly surprising. But to give the company its due credit, its own fundamentals are strong too, along with the stock’s attributes....

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