This summary was created by AI, based on 27 opinions in the last 12 months.
Experts have mixed opinions about Agnico-Eagle Mines. While some believe it is a top senior gold producer with excellent management and strong balance sheet, others have concerns about the stock's performance and its future growth potential. The company's recent earnings beat expectations and showcased solid results, but there are also worries about the impact of commodity prices and the overall sentiment on the stock. Overall, it appears to be a quality long-term investment but may require careful consideration before buying.
A top senior gold producer, owning Canada's 2 biggest mines. A core holding and he expects dividend growth as the price of gold climbs. $75 is an easy price target. $80-90 is possible if gold hits $2,400. Inflation is fading, which also helps this sector. Excellent margins and solid balance sheet.
That's the problem with the stalwart stocks, unlike a small company. AEM'S 5-year chart beats gold by 12%. The gold outlook is healthy. If AEM leads to the downside, a problem in the commodity will emerge later.
He prefers industrial metals and other commodities. He wonders if gold is still the safe haven that it used to be. Chart's meandering sideways. Price slightly below 200-day and 200-week MA. Decent yield of 3.75%, seems steady, may move higher. He'd prefer the traditional dividend stocks like telecom, banks, pipelines.
In line with peers over the last 18-24 months, not doing much. Symptom of sentiment. Top-tier name, good management, excellent balance sheet, good ROC, attractive yield. But that's not enough until gold breaks, and holds above, $2000 USD/oz.
Need to check fundamentals. Unsure on direction of chart. Used to hedge pricing, but not anymore.
Reported earnings last night, which beat, though shares are down a bit, but an opportunity. Are well-managed who manage costs (rarely dilute shares with an offering). Also, their geographic footprint is fine, especially after buying Kirkland Lake earlier this years. Mines are in Finland, Australia, Mexico and across Canada, all safe geographies. Diversified portfolio.
Decline from 2020 into a big consolidation. Probably not too much lower. Since 2022, it's formed a reverse head and shoulders -- you have a low point, but the low points on either side are higher. Not a bad trading stock between $60-75, so this is the time to buy.
Trading means smaller amounts, and you can add if it goes above $74-75. Overriding issue with commodity price, be careful. $60 exit strategy. Short-side upside to $71-72, don't expect more until visibility on buyers coming in.
Disappointing that the USD has weakened, but gold stocks have not risen. Doesn't know when. Gold is out of favour. Cryptos has stolen some of its power. He got out of AEM and owns B2Gold now.
One of the better companies in the space. He doesn't own them because they're not good businesses over the long term. They don't beat cost of capital regularly, held hostage to commodity price. Better to own a gold ETF.
EPS of $0.8578 beat estimates of $0.7328 and revenues of $2.27B met expectations. The company delivered strong results driven by record quarterly gold production and better-than-expected cost performance. Management reiterated its gold production, cost, and capital expenditure guidance for 2023, expecting to produce 3.24 to 3.44 million ounces of gold with total cash costs per ounce between $840 and $890. It generated strong free cash flows, strengthened its balance sheet by repaying ~$1B of debt, and declared a quarterly dividend of $0.40 per share. These were solid results, and we feel that investors should be pleased with these earnings.
Unlock Premium - Try 5i Free
Very strong gold company.
Excellent track record of capital allocation.
Strong cash flow and balance sheet.
Not a speculative stock - quality long term investment.
Would recommend buying.
Pattern of higher highs, and lower lows.
Bullish trend.
Would recommend buying.
Waiting for interest rate cuts before major growth.
Good time to buy.
It is a meandering stock which is basing but still needs to break out. The longer the base the better the upside when a stock breaks out.
Agnico-Eagle Mines is a Canadian stock, trading under the symbol AEM-T on the Toronto Stock Exchange (AEM-CT). It is usually referred to as TSX:AEM or AEM-T
In the last year, 19 stock analysts published opinions about AEM-T. 14 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Agnico-Eagle Mines.
Agnico-Eagle Mines was recommended as a Top Pick by on . Read the latest stock experts ratings for Agnico-Eagle Mines.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
19 stock analysts on Stockchase covered Agnico-Eagle Mines In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Agnico-Eagle Mines (AEM-T) stock closed at a price of $80.66.
Likes company and believes company is well run. Current valuation is high - would recommend waiting to buy on weakness. Excellent management team. Control on costs has been very strong. Good for long term investment.