CA - Agnico Eagle Mines: Superior Dividend Attributes Add To Gold Price Uptick

2024-04-14 09:00:46 ET

Summary

• Gold miner Agnico Eagle Mines has seen a 12% YTD price increase. While it's tempting to see this resulting from bullishness on gold, that's only part of the story.
• The company saw good topline growth in 2023 and healthy revenue and earnings increase are expected in 2024. This results in attractive forward P/Es, even after already decent price performance.
• But what makes it stand out is the dividends. Notable 5y dividend growth is superior to peers, as is its 5y yield on cost.

After seeing only a 5.5% increase in 2023, gold miner Agnico Eagle Mines ( AEM ) has had a good 2024 at the stock markets with a 12% increase year-to-date [YTD]. It would make perfect sense to assume that the spurt is associated with the safe haven investment that is gold touching all-time highs on macroeconomic developments....

For further details see: