Agnico-Eagle Mines (AEM.TO)

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.
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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.

Recent high in gold prices good for company.
Expecting further gains on stock.
Demand for commodities rising with EV transition.
Enormous growth stock. 

US debt crisis means further indebtedness, further pressure on USD, and the defence for that is in gold and silver. One of the best of the gold companies. Central banks are buying all the gold they can possibly get. 

It is one of the best gold companies and is in a good trend to buy some now at around $70. However gold is a tough business to get into and is affected mainly by the U.S. dollar. Gold is better if held for a long time.

Do you see gold as an inflation hedge? A chaos hedge? Preserving capital? Nothing wrong with this stock, which trades closely to the price of gold. Or you can buy a gold bullion ETF.