
TSE:AEM
This summary was created by AI, based on 53 opinions in the last 12 months.
Agnico-Eagle Mines (AEM) is widely regarded as a top-tier gold producer, particularly praised for its strong operational track record, low political risk in its mining jurisdictions, and excellent management. Many experts note that AEM has significant growth potential driven by its ongoing projects and cash flow generation, making it an attractive option for investors looking to gain exposure to the gold market. While some analysts suggest caution due to recent market corrections in gold prices, others view current pullbacks as a buying opportunity. AEM has consistently outperformed in terms of returns and dividend growth, instilling confidence among long-term investors despite the volatile nature of gold prices.
Gold picks? He predicted gold would breakout and it has. Gold is way above its 20-day moving average. Interest rates are low, and there are many geopolitical problems, both of which are tailwinds. Gold is your friend. Agnico-Eagle and Newmont are the best picks, and he is adding on weakness. Gold is the place to be now, in a bull market.
(A Top Pick Oct 31/18, Up 54%) A cornerstone for him. They will be fully sustaining in a couple years--won't need other people's money. The dividend will rise as profits grow. The CEO has done an amazing job. Reserves in the ground aren't even priced yet. People will notice when they are priced. A lot of money to come here.
He confesses that gold is an enigma to him. Gold has now awoken from its slumber. Its producers have underperformed since 2011. He's exposed cautiously through FNV-T, though he would be comfortable owning AEM. Good managers with assets around the world and wisely acquire other companies. Their assets are in safe countries, not banana republics, which is a problem for some gold producers.