AEM - Agnico Eagle Mines: Outperformance Over Other Gold Miners Likely To Continue
2024-05-16 14:32:16 ET
Summary
- Gold miner stocks as a group have historically lagged behind gold prices due to difficulties in timing expansion and rising mining costs.
- AEM stock has outperformed other major gold miner stocks and gold prices in the past year.
- The outperformance is likely to continue given the quality of its mines, its cost control, and its stronger balance sheet.
AEM stock has outperformed
Recently, gold miner stocks have attracted the attention of many investors thanks to the robust rally in gold prices. The theory behind owning gold miner stock is that investors will benefit from the increase in the price of gold while mitigating many downsides of owning gold (such as lack of active cash flow, lack of dividends, relatively high fees, etc.)...
Agnico Eagle Mines: Outperformance Over Other Gold Miners Likely To Continue