Ultime notizie per Agnico Eagle Mines (NYSE:AEM) Azioni

Agnico Eagle Mines

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.

Agnico Eagle Mines Ltd

American Century ETF Trust Emerging Mkts Bd ETF

Aethlon Medical Inc

AEM Holdings Ltd

AURORA ENERGY METALS LTD by AURORA ENERGY METALS LTD.

Aurora Energy Metals Ltd

A2A SpA

WIIM

GOLD

PAAS

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver, which are rebounding after falling last week.

SBSW

USGO

Shares of precious metals stocks are trading lower as gold prices drop amid a rise in the US dollar.

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the US dollar.

GATO

SAND

Shares of metals and materials companies are trading lower. The sector may be reacting to China's recent stimulus efforts which have struggled to buoy the economy and business conditions.

Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) has outperformed the market over the past 10 years by 2.65% on an annualized basis producing an average annual return of 13.58%. Currently, Agnico Eagle Mines has a market capitalization of $43.12 billion. 
Buying $100 In AEM: If an investor had bought $100 of AEM stock 10 years ago, it would be worth $373.62 today based on a price of $85.97 for AEM at the time of writing.
<h3>Agnico Eagle Mines's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730829659_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

$100 Invested In This Stock 10 Years Ago Would Be Worth $400 Today

Earnings

Agnico Eagle Mines Reports Quarterly Results With 863,445 Ounces Of Payable Gold Production; Production Costs Per Ounce At $908, Total Cash Costs At $921, And AISC At $1,286

Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.02 by 10.78 percent.

Earnings Beats

Agnico Eagle Mines Q3 2024 Adj EPS $1.13 Beats $1.02 Estimate

Investors with a lot of money to spend have taken a bearish stance on Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AEM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Agnico Eagle Mines.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $43,400, and 7, calls, for a total amount of $661,568.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $90.0 for Agnico Eagle Mines, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Agnico Eagle Mines stands at 2639.8, with a total volume reaching 3,583.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Agnico Eagle Mines, situated within the strike price corridor from $70.0 to $90.0, throughout the last 30 days.
<h3>Agnico Eagle Mines Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729889131_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.6</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$90.00</td>
<td>$405.0K</td>
<td>8.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>AEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$13.2</td>
<td>$13.0</td>
<td>$13.2</td>
<td>$85.00</td>
<td>$69.9K</td>
<td>100</td>
<td>55</td>
</tr>
<tr>
<td>AEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.35</td>
<td>$2.25</td>
<td>$2.28</td>
<td>$90.00</td>
<td>$45.5K</td>
<td>3.9K</td>
<td>225</td>
</tr>
<tr>
<td>AEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$4.6</td>
<td>$4.4</td>
<td>$4.5</td>
<td>$90.00</td>
<td>$45.0K</td>
<td>8.6K</td>
<td>610</td>
</tr>
<tr>
<td>AEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.7</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$85.00</td>
<td>$43.4K</td>
<td>422</td>
<td>34</td>
</tr>
</tbody>
</table>

<h3>About Agnico Eagle Mines</h3>
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
Having examined the options trading patterns of Agnico Eagle Mines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Agnico Eagle Mines</h3>
<ul>
<li>Currently trading with a volume of 2,327,317, the AEM's price is down by -1.23%, now at $86.85. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 5 days.</li>
</ul>
<h3>Expert Opinions on Agnico Eagle Mines</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $85.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Jefferies has decided to maintain their Hold rating on Agnico Eagle Mines, which currently sits at a price target of $85. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Agnico Eagle Mines options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Agnico Eagle Mines Options Trading: A Deep Dive into Market Sentiment

Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also: <a href="https://www.benzinga.com/top-stories/24/10/41150827/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-september-2024-where-do-tesla-nvidia-apple" target="_blank" rel="noreferrer noopener">EXCLUSIVE &#8211; Top 20 Most-Searched Tickers On Benzinga Pro In September 2024 – Where Do Tesla, Nvidia, Apple, DJT Stock Rank?</a>
Here's a look at the Benzinga Stock Whisper Index for the week of Oct. 25:
SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>): Analysts expect the financial services stock to report third-quarter revenue of $632.1 million. That&#8217;s up from $530.7 million in last year's third quarter when the company reports on Oct. 29. SoFi has a streak of 13 straight quarters beating analyst estimates for revenue. Earnings per share should be 4 cents for the quarter, up from a loss of 3 cents per share in the comparable quarter last year. 
The company has beaten or met earnings per share estimates in more than 10-straight quarters. The stock could also see increased interest with President Joe Biden extending the student loan payment pause for six months for eight million borrowers. In early October, SoFi <a href="https://www.benzinga.com/news/24/10/41313080/sofi-technologies-stock-is-surging-monday-whats-going-on">announced a $2 billion</a> loan platform business agreement with Fortress Investment Group, which could boost the company's business.
SoFi stock is up over 10% in the last five trading days as seen on the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below and up 13% year-to-date.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101714/Screenshot-218.png" alt="" class="wp-image-614552" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101714/Screenshot-218.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101714/Screenshot-218-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101714/Screenshot-218-768x388.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
AST SpaceMobile Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>): The satellite and telecommunications company returns to the Stock Whisper Index, which is becoming a regular occurrence as one of the top trending stocks month in and month out. On Wednesday, the company<a href="https://www.benzinga.com/government/24/10/41505590/ast-spacemobile-stock-is-rising-after-hours-whats-going-on"> announced a contract</a> with the Space Development Agency as a prime government contractor. With the initial contract, AST SpaceMobile can now compete directly on prototype orders for the U.S. government.
"This initial contract validates our commitment to developing innovative solutions for national security space needs," AST SpaceMobile's chief commercial officer Chris Ivory said.
Back in September the stock made the<a href="https://www.benzinga.com/top-stories/24/09/40855829/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet"> Stock Whisper Index </a>with increased interest from readers as the company was launching its first five commercial satellites as part of a collaboration with key partner AT&amp;T.
AST SpaceMobile shares are down on the week, but remain up over 400% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101733/Screenshot-219.png" alt="" class="wp-image-614554" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101733/Screenshot-219.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101733/Screenshot-219-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101733/Screenshot-219-768x391.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>): The electric vehicle battery company <a href="https://www.benzinga.com/news/earnings/24/10/41517741/quantumscape-stock-is-ripping-higher-thursday-whats-going-on">announced quarterly financial results</a> and shared an update on battery technology testing. It reported a third-quarter loss of 23 cents per share, in line with analyst estimates. Likely driving increased interest in the stock and the rising stock price was the company sharing that it started producing low volumes of its first B-sample cells (QSE-5), which have fast-charging capabilities.
"QSE-5 represents an important milestone for our company and the battery industry as a whole. These cells are, to the best of our knowledge, the first anode-free solid-state lithium-metal cell design ever produced for automotive applications," the company said.
QuantumScape said it plans to ship samples to customers for feedback.
The stock was up over 20% in the last five trading days, as shown on the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below. The stock is down around 3% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1001" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101755/Screenshot-220.png" alt="" class="wp-image-614555" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101755/Screenshot-220.png 1001w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101755/Screenshot-220-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101755/Screenshot-220-768x387.png 768w" sizes="(max-width: 1001px) 100vw, 1001px" /></a></figure>
Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>): The gold mining stock was one of<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41466115/gold-mining-stocks-notch-ninth-positive-day-hit-august-2020-highs-today-is-a-good-t"> several in the sector </a>to see increased interest from readers. 
Agnico is set to report third-quarter financial results on Oct. 30. Analysts expect the company to report earnings per share of $1.02, compared to 44 cents in last year's third quarter. The company has beaten analyst estimates for earnings per share in three straight quarters and eight of the last 10 quarters overall. 
Analysts expect the company to report revenue of $2.11 billion for the quarter, up from $1.64 billion in last year's third quarter. Agnico has beaten analyst estimates for revenue in three straight quarters and five of the last six quarters.
Increase in gold stocks comes with the price of gold hitting record highs on the backs of macroeconomic uncertainties, Federal Reserve interest rate cuts and global concerns on rising tension in the Middle East.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101811/Screenshot-221.png" alt="" class="wp-image-614557" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101811/Screenshot-221.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101811/Screenshot-221-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101811/Screenshot-221-768x389.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
VICI Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>): The real estate investment trust will release its third-quarter financial report on Oct. 31. 
Analysts expect the company to report revenue of $952.7 million and earnings per share of 57 cents, up from $904.3 million and 54 cents respectively in last year's third quarter. 
VICI owns various properties in the gaming and entertainment sectors, including golf courses. It collects rent from the operators.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101828/Screenshot-222.png" alt="" class="wp-image-614559" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101828/Screenshot-222.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101828/Screenshot-222-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25101828/Screenshot-222-768x388.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">October 4</a></li>
<li><a href="https://www.benzinga.com/top-stories/24/10/41296909/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">October 11</a></li>
<li><a href="https://www.benzinga.com/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">October 18 </a></li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40928301/interest-rates-in-free-fall-what-it-means-for-mortgages-credit-cards-and-your-wallet-a" target="_blank" rel="noreferrer noopener">Interest Rates In Free-Fall: What It Means For Mortgages, Credit Cards And Your Wallet</a></li>
</ul>

REIT

SPACE

Exclusives

ASTS

SOFI

VICI

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Agnico Eagle Mines Agrees To Subscribe For 33.8M Units Of ATEX Resources In Private Placement At C$1.63 Per Unit For Total Consideration Of $40M

Shares of gold and silver companies are trading higher. Precious metals have recently gained on macro uncertainty amid Middle East conflict and the upcoming US presidential election.

Shares of precious metals stocks are trading higher as gold and silver rise amid macro uncertainty, which has been attributed to Middle East conflict and the upcoming US presidential election.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock&#39;s price, but are they really important?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let&#39;s see what these Wall Street heavyweights think about Agnico Eagle Mines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>).
Agnico currently has an average brokerage recommendation of 1.33, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.33 approximates between Strong Buy and Buy.
Of the 15 recommendations that derive the current ABR, 11 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 73.3% and 20% of all recommendations.
<h2>Brokerage Recommendation Trends for AEM</h2>
<img alt="Broker Rating Breakdown Chart for AEM" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/AEM_10182024.png" style="width:100%" title="" /> 
The ABR suggests buying Agnico, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every &quot;Strong Sell&quot; recommendation, brokerage firms assign five &quot;Strong Buy&quot; recommendations.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock&#39;s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
<h2>Zacks Rank Should Not Be Confused With ABR</h2>
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers&#39; vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company&#39;s changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
<h2>Is AEM Worth Investing In?</h2>
Looking at the earnings estimate revisions for Agnico, the Zacks Consensus Estimate for the current year has increased 4.1% over the past month to $3.88.
Analysts&#39; growing optimism over the company&#39;s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Agnico.
Therefore, the Buy-equivalent ABR for Agnico may serve as a useful guide for investors.
<a href="https://www.zacks.com/stock/news/2353028/is-it-worth-investing-in-agnico-aem-based-on-wall-street-s-bullish-views?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2353028">To read this article on Zacks.com click here.</a>

Large Cap

Analyst Ratings

Is It Worth Investing in Agnico Based on Wall Street's Bullish Views?

SSRM

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.

Jefferies analyst Matthew Murphy maintains Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) with a Hold and raises the price target from $68 to $85.

Price Target

Jefferies Maintains Hold on Agnico Eagle Mines, Raises Price Target to $85

RGLD

Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

Shares of precious metals companies are trading lower amid a pullback in gold and silver.

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

UBS analyst Daniel Major initiates coverage on Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) with a Buy rating and announces Price Target of $95.

Initiation

UBS Initiates Coverage On Agnico Eagle Mines with Buy Rating, Announces Price Target of $95

As market uncertainty escalates due to geopolitical tensions and economic instability, gold continues to shine as a reliable safe haven asset. With increasing industrial demand and expectations for price appreciation, investing in gold stocks, AngloGold Ashanti (AU), Agnico Eagle Mines (AEM), and Barrick Gold (GOLD) could provide a strategic safeguard. Read on… Gold has a longstanding reputation as a safe haven asset. As market volatility increases and industrial demand grows, gold continues to be viewed as a secure investment option, leading to expectations of further price appreciation.
That said, investing in gold stocks, AngloGold Ashanti plc (<a href="https://stocknews.com/stock/AU/">AU</a>), Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>) and Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), could offer significant advantages. These companies' resilience amid market fluctuations positions them well to capitalize on gold's rising value.
As the election season heats up, it's anticipated that the markets will experience heightened uncertainty, a phenomenon that usually accompanies Presidential election cycles. This year, however, experts expect a degree of market volatility unseen <a href="https://www.forbes.com/sites/jasonschenker/2024/10/14/us-presidential-election-outcome-uncertainty-could-roil-markets/">since the year 2000</a>, adding weight to the economic climate's unpredictability.
Further fueling this uncertain environment are the ongoing conflicts in the Middle East and the Ukraine-Russia crisis. The geopolitical tensions are injecting instability into global markets, intensifying concerns for investors. However, during periods of economic uncertainty, investors traditionally flock to gold, prized for its historical resilience.
Gold serves as <a href="https://www.investopedia.com/financial-edge/0311/what-drives-the-price-of-gold.aspx#:~:text=Gold%20is%20often%20considered%20a%20safe%20haven%20for,against%20economic%20events%20like%20currency%20devaluation%20or%20inflation.">a "safe haven" asset</a>, offering financial security when other investments falter. For many, it remains a preferred safeguard amid political upheaval and economic instability. This sentiment has driven gold's exceptional performance in 2024, with prices reaching unprecedented levels.
In March, the price per ounce surged to $2,160, an 8% increase from December 2023. This upward trajectory marked the beginning of gold's remarkable rally, fueled by strong investor demand and market fears. The trend continued through the year, with gold setting record highs almost monthly.
The price now hovers <a href="https://www.msn.com/en-us/money/other/gold-prices-are-closing-in-on-2-800-should-you-buy-in-now/ar-AA1sFcnR?ocid=BingNewsVerp">near $2,800 per ounce</a>, a testament to the commodity's enduring allure. Many analysts expect this rally to extend further, with predictions that gold could reach $3,000 per ounce by year's end.
Gold's value isn't solely anchored in its role as a safe investment. Increasingly, it's used across industries such as electronics and healthcare, where technological advancements rely on gold's unique properties. This surge in industrial demand promises further price support, cementing gold's role as a versatile asset.
Given these trends, let's dive deep into the fundamentals of three <a href="https://stocknews.com/category/gold-miners/">Miners – Gold</a> stocks, beginning with #3.
Stock #3: AngloGold Ashanti plc (<a href="https://stocknews.com/stock/AU/">AU</a>)
AU is a prominent gold mining company operating across Africa, Australia, and the Americas. The company focuses on gold exploration and also produces silver and sulphuric acid as by-products. Its key asset is the Geita mine, fully owned and located in the Lake Victoria goldfields of Tanzania's Mwanza region.
AU's trailing-12-month EBITDA margin of 30.09% is 81.9% higher than the industry average of 16.54%. Its trailing-12-month EBIT margin of 17.44% is 62% higher than the sector average of 10.77%. Likewise, the stock's ROTC of 8.74% is 74.6% higher than the industry average of 5%.
For the fiscal 2024 second quarter that ended on June 30, AU's revenue from product sales increased 19.3% year-over-year to $1.38 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> grew 84.6% from the year-ago value to $467 million.
Moreover, the company's profit for the period and earnings per ordinary share came in at $262 million and $0.60, compared to a net loss and loss per share of $81 million and $0.20 in the prior year's quarter, respectively.
Analysts expect AU's revenue for the fiscal year ending December 2025 to increase 15.4% year-over-year to $6.57 billion. Its EPS for the same period is expected to rise 5.6% from the prior year to $2.92.
Shares of AU have surged 36.7% over the past six months and 60.4% over the past year to close the last trading session at $29.97.
AU's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
AU has an A grade for Growth and a B for Quality. It is ranked #15 out of 42 stocks within the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners – Gold</a> industry.
To check AU's ratings for Sentiment, Value, Momentum, and Stability, <a href="https://stocknews.com/stock/AU/">click here</a>.
Stock #2: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
AEM, based in Toronto, Canada, produces precious metals from its diverse operations in Canada, Australia, Finland, and Mexico. It has a robust pipeline of exploration and development projects across these regions, as well as in the United States. Notable operations include the Canadian Malartic Complex, Detour Lake, and Fosterville.
On June 24, AEM <a href="https://www.agnicoeagle.com/English/investor-relations/news-and-events/news-releases/news-release-details/2024/AGNICO-EAGLE-ANNOUNCES-ADDITIONAL-INVESTMENT-IN-MAPLE-GOLD-MINES-LTD/default.aspx">announced the acquisition</a> of 33,821,842 common shares of Maple Gold Mines Ltd. at a price of $0.085 per share, for a transaction value of approximately $2.87 million. The acquisition could enhance AEM's investment in resource assets and support its long-term growth in the mining sector.
On June 19, AEM <a href="https://www.agnicoeagle.com/English/investor-relations/news-and-events/news-releases/news-release-details/2024/AGNICO-EAGLE-RELEASES-DETOUR-LAKE-PROPOSED-UNDERGROUND-MINING-PLAN-DEMONSTRATING-STRONG-RETURNS-AND-PATHWAY-TO-ANNUAL-GOLD-PRODUCTION-OF-ONE-MILLION-OUNCES/default.aspx">provided an update</a> on the Detour Lake mine in Ontario, where it plans to initiate a conversion and expansion drill program targeting the western plunge of the mineralization. With a long mineral reserve life and substantial production base at both Detour Lake and Canadian Malartic, AEM is expected to strengthen its production profile and potentially ensure sustained value for years ahead.
AEM's trailing-12-month gross profit margin of 57.76% is 103.8% higher than the industry average of 28.3%. The stock's trailing-12-month levered FCF margin of 18.30% is 261.1% higher than the sector average of 5.07%. Additionally, its trailing-12-month EBITDA margin of 49.97% is 202.1% higher than the 16.54% industry average.
For the fiscal second quarter that ended on June 30, 2024, AEM's revenues from mining operations increased 20.9% year-over-year to $2.08 billion. Its adjusted EBITDA grew 32.9% from the year-ago value to $1.18 billion.
Plus, the company's adjusted net income for the period rose 68.3% from the prior year's quarter to $535.27 million. Meanwhile, AEM's adjusted net income per share came in at $1.07, up 67.2% year-over-year.
Street expects AEM's revenue and EPS for the fiscal third quarter (ended September 2024) to grow 28.7% and 133% year-over-year to $2.11 billion and $1.03, respectively. Moreover, the company topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is noteworthy.
AEM's shares have surged 38.1% over the past six months and 77.9% over the past year to close the last trading session at $87.93.
AEM's solid prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
AEM has an A grade for Sentiment and a B for Growth. It is ranked #12 within the same industry.
<a href="https://stocknews.com/stock/AEM/">Click here</a> to see AEM's ratings for Quality, Value, Momentum, and Stability.
Stock #1: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
GOLD, headquartered in Toronto, Canada, explores, develops, produces, and sells gold and copper properties both in Canada and internationally. The company further explores and sells silver and energy materials. Its key operations encompass Nevada Gold Mines, Bulyanhulu, Hemlo, and several others across various countries.
On October 16, GOLD reported <a href="https://www.barrick.com/English/news/news-details/2024/barrick-reports-q3-preliminary-production-results-with-continued-improvement-at-pueblo-viejo/default.aspx">preliminary third-quarter production</a> of 943,000 ounces of gold and 48,000 tonnes of copper, with sales reaching 967,000 ounces of gold and 42,000 tonnes of copper. This performance, along with a projected stronger fourth quarter, is expected to help GOLD meet its full-year production goals, bolstering its revenue outlook.
On October 2, GOLD <a href="https://www.barrick.com/English/news/news-details/2024/lumwana-super-pit-expansion-officially-launched/default.aspx">announced the launch</a> of a $2 billion Super Pit project at its Lumwana copper mine, inaugurated by Zambian President Hakainde Hichilema. Expected to begin construction in 2025, the development could grow GOLD's copper output, strengthening its asset base and supporting long-term growth in the copper market.
GOLD's trailing-12-month EBITDA margin of 44.69% is 170.2% higher than the industry average of 16.54%. Its trailing-12-month levered FCF margin of 8.53% is 68.3% higher than the sector average of 5.1%. Furthermore, the stock's trailing-12-month net income margin of 12.78% is 156.9% higher than the 4.98% industry average.
GOLD's revenues for the fiscal 2024 second quarter, which ended June 30, increased 11.6% year-over-year to $3.16 billion. Its attributable EBITDA grew 30.5% from the year-ago value to $1.29 billion. Furthermore, the company's adjusted net earnings and adjusted net earnings per share rose 65.8% and 68.4% from the prior year's period to $557 million and $0.32, respectively.
The consensus revenue estimate of $3.34 billion for the fiscal third quarter (ended September 2024) reflects a year-over-year rise of 16.6%. Its EPS for the same period is expected to increase 31.4% from the prior year to $0.32. Moreover, the company has surpassed the consensus EPS estimates in all four trailing quarters.
GOLD's stock has surged 23% over the past six months and 30.8% over the past nine months to close the last trading session at $20.32.
GOLD's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Sentiment and Quality. GOLD is ranked #10 out of 42 stocks within the Miners – Gold industry.
<a href="https://stocknews.com/stock/GOLD/">Click here</a> to check out additional GOLD ratings for Growth, Value, Stability, and Momentum.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AEM shares fell $1.78 (-2.02%) in premarket trading Friday. Year-to-date, AEM has gained 63.40%, versus a 23.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/aem-gold-au-3-gold-stocks-to-hedge-against-market-uncertainty-45021328/>3 Gold Stocks to Hedge Against Market Uncertainty</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Gold Stocks to Hedge Against Market Uncertainty

Newmont: The Top Risk-Adjusted Gold Miner To Buy Today

Gold: The Buying Opportunity Of The Year Has Arrived

Gold is a stable investment now due to its role as a safe-haven asset during economic uncertainty, rising demand, industrial use, and growth, bolstered by central bank purchases and interest rate cuts. Therefore, investors should consider investing in top gold stocks such as Newmont (NEM), Barrick Gold (GOLD), and Agnico Eagle Mines (AEM). Read more... Gold has long been considered a reliable store of value during times of economic uncertainty, such as geopolitical tensions or inflation. As a safe-haven asset, it often performs well alongside the U.S. dollar, offering protection from market volatility.
To take advantage of this trend, investing in strong gold stocks like Newmont Corporation (<a href="https://stocknews.com/stock/NEM/">NEM</a>), Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), and Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>) can be a smart strategy as demand for safe-haven assets rises.
Unlike other assets that generate returns through interest rates or dividends, gold's value remains independent of these factors, making it particularly appealing during uncertain times when other investments may face volatility. Beyond its financial value, gold holds cultural significance and is used in various industries, including electronics, healthcare, semiconductors, and space exploration.
This year, gold has reached multiple all-time highs, and according to Goldman Sachs Research, it is expected to rise even further. With central banks in emerging markets increasing their gold purchases, the precious metal is forecasted to reach <a href="https://www.goldmansachs.com/insights/articles/gold-predicted-to-climb-higher-than-expected-as-records-shatter">$3,000 per troy ounce</a> by the end of 2025.
Furthermore, macro uncertainties are driving up demand for gold as a hedge against instability. With the Fed expected to <a href="https://www.reuters.com/markets/us/tight-credit-conditions-add-case-fed-interest-rate-cut-2024-11-06/">cut interest rates</a> on November 7, 2024, due to declining inflation, cooling labor markets, and tight credit conditions, investors are flocking to gold to preserve wealth. Moreover, continued buying during price corrections further strengthens market stability.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> picks, beginning with the third choice.
Stock #3: Newmont Corporation (<a href="https://stocknews.com/stock/NEM/">NEM</a>)
NEM engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
On October 29, 2024, NEM commissioned its first battery-electric large mining truck, the Cat 793 XE, at its Cripple Creek and Victor mine, advancing its commitment to sustainable mining and emissions reduction.
On October 15, 2024, NEM and MKS PAMP launched a traceable 1oz Lady of Liberty gold bar, exclusively using Newmont-mined gold and refined by MKS PAMP in Switzerland. This initiative provides transparency and assures consumers of the gold's origin through Provenance technology.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a>, NEM's 38.58% is 34.9% higher than the 28.59% industry average. Likewise, its 35.37% trailing-12-month EBITDA margin is 115.7% higher than the 16.40% industry average. Also, its 6.05% trailing-12-month Return on Total Capital is 23.1% higher than the 4.91% industry average.
NEM's sales for the fiscal third quarter ended September 30, 2024, rose 84.7% year-over-year to $4.61 billion. Its adjusted EBITDA increased 110.8% over the prior-year quarter to $1.97 billion. Also, the company's adjusted net income and adjusted net income per common share attributable to NEM's stockholders were $936 million and $0.81, reflecting increases of 227.3% and 125% year-over-year, respectively.
Analysts expect NEM's EPS and revenue for the quarter ending December 31, 2024, to increase 115.9% and 29.8% year-over-year to $1.08 and $5.14 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past nine months, NEM's stock has gained 32.2% to close the last trading session at $44.08.
NEM's promising outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth. Within the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry, it is ranked #26 out of 42 stocks. To see NEM's ratings for Value, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/NEM/">click here</a>.
Stock #2: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Based in Toronto, Canada, GOLD engages in the exploration, mine development, production, and sale of gold and copper properties internationally. The company also explores and sells silver and energy materials. It holds ownership interests in gold-producing mines located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.
On October 2, 2024, GOLD announced the official launch of the Super Pit Expansion at its Lumwana copper mine in Zambia, which aims to double copper production and transform Lumwana into a top 25, Tier One copper producer. The $2 billion project will support local capacity development, create thousands of jobs, and stimulate regional growth.
In terms of the trailing-12-month levered FCF margin, GOLD's 8.53% is 68.1% higher than the 5.07% industry average. Similarly, its 44.69% trailing-12-month EBITDA margin is 172.5% higher than the industry average of 16.40%. Its 24.73% trailing-12-month EBIT margin is 129.4% higher than the industry average of 10.78%.
In the second quarter, which ended June 30, 2024, GOLD's revenues grew 11.6% year-over-year to $3.16 billion. Similarly, the company's attributable EBITDA increased 30.5% year-over-year to $1.29 billion. Its adjusted net earnings were $557 million, or $0.32 per share, up 65.8% and 68.4% from the year-ago values, respectively.
Street expects GOLD's EPS and revenue for the quarter ended September 30, 2024, to increase 31.8% and 16.6% year-over-year to $0.32 and $3.34 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past nine months, GOLD's stock has gained 19.4% to close the last trading session at $18.11.
GOLD's POWR Ratings reflect its bright outlook. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Quality. It is ranked #11 in the same industry. To see GOLD's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/GOLD/">click here</a>.
Stock #1: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
Headquartered in Toronto, Canada, AEM is a gold mining company involved in the exploration, development, and production of precious metals. It explores for gold, with mines located in Canada, Australia, Finland, and Mexico, and exploration and development activities across Canada, Australia, Europe, Latin America, and the United States.
In terms of the trailing-12-month Return on Total Capital, AEM's 6.70% is 36.3% higher than the 4.91% industry average. Its 23.75% trailing-12-month levered FCF margin is 368% higher than the 5.07% industry average. In addition, its 21.51% trailing-12-month Capex / Sales is 174.2% higher than the 7.84% industry average.
During the third quarter, which ended September 30, 2024, AEM's revenues from mining operations increased by 31.2% from the year-ago value to $2.16 billion. The company's adjusted net income was $572.58 million and $1.14 per share, indicating increases of 167.3% and 159.1% from the prior year's period, respectively. Its adjusted EBITDA was $1.26 billion, up 63.5% year-over-year.
For the quarter ending December 31, 2024, AEM's EPS and revenue are expected to grow 110.4% and 21.8% year-over-year to $1.20 and $2.14 billion, respectively. It surpassed the EPS estimates in each of the trailing four quarters. Over the past nine months, AEM's stock has gained 75.1% to close the last trading session at $83.14.
AEM's POWR Ratings reflect solid fundamentals. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #9 in the Miners – Gold industry. It has an A grade for Sentiment and a B for Growth and Quality. <a href="https://stocknews.com/stock/AEM/">Click here</a> to access additional ratings for AEM's Value, Momentum, and Stability ratings.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
NEM shares were trading at $44.43 per share on Wednesday afternoon, down $1.57 (-3.41%). Year-to-date, NEM has gained 9.37%, versus a 25.59% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/nem-aem-gold-3-gold-stocks-to-buy-as-safe-haven-demand-grows/>3 Gold Stocks to Buy as Safe-Haven Demand Grows</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Gold Stocks to Buy as Safe-Haven Demand Grows

RING: Super-Sized Ownership In The 3 Largest North American Gold Miners

White Gold (WHGOF) announce an updated Mineral Resource Estimate for its flagship White Gold project located approximately 95 km south of Dawson Ci...

White Gold announces updated MRE for White Gold project

Amid global economic uncertainty and inflation levels, investing in sound gold mining stocks appears to be a smart strategy for defense investment portfolios. Against this backdrop, quality gold mining stocks Agnico Eagle Mines (AEM), Barrick Gold (GOLD), and Kinross Gold (KGC) could be ideal investments as a hedge against inflation. Continue reading... Gold prices largely remained on the upper side through 2024, reaching multiple all-time highs this year. This price rally is expected to continue in 2025, predicted to rise to $3,000 per troy ounce by end-2025. Amid this, investing in companies engaged in gold mining and selling could result in prosperity for investors.
Therefore, investors could consider fundamentally solid mining stocks Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>), Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), and Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGC</a>) for investment to hedge against inflation.
Considering the current year's market volatility and economic uncertainty, many investors are seeking ways to protect their investment portfolios; amidst this, one traditional hedge against inflation is gold. This is because during inflation, when consumer spending power tends to go down, gold emerges as a safe-haven asset, preserving investors' wealth.
The <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q3-2024">World Gold Council's latest report</a> for the third quarter of 2024 further favors this and paints an optimistic picture embedding the high potential of gold. Total gold demand increased 5% year-over-year to 1,313 tons, reaching a record for the third quarter. This surged the gold prices as well, resulting in a series of new record highs during the quarter.
Also, demand for gold in technology is continuously growing, as reflected by 7% year-on-year growth, <a href="https://www.gold.org/news-and-events/press-releases/global-gold-demand-reaches-record-high-value-over-us100-billion">fueled by growth in the electronics sector</a> stemming from the AI boom.
Therefore, investors could scoop up some of the high-potential gold stocks, which will act as a hedge against inflation and offer long-term growth opportunities.
Considering the industry's conducive trends, let's delve into the fundamentals of the top three <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> stocks, starting with the third choice.
Stock #3: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
Headquartered in Toronto, Canada, AEM is a gold mining company engaged in the exploration, development, and production of precious metals. Its mines are located in Canada, Australia, Finland, and Mexico.
On October 25, AEM acquired 33,869,939 ATEX Resources Inc. (ATX) units at a price of C$1.63 per Unit for a total consideration of $40,000,000. Each unit comprises one common share of ATEX and one-half of one common share of the purchase warrant for ATEX.
The investment reflected AEM's strategic equity investments in projects bearing high geological potential, and it offered exposure to an early-stage copper-gold exploration project.
During the third quarter, which ended September 30, 2024, AEM's revenues from mining operations increased 31.2% year-over-year to $2.16 billion. The company's adjusted net income totaled $572.58 million or $1.14 per share, reflecting growth of 167.3% and 159.1% from the prior year's quarter, respectively. Its adjusted EBITDA came in at $1.26 billion, up 32.9% year-over-year.
Furthermore, the company's <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> rose 654.3% from the year-ago value to $620.43 million.
For the fourth quarter (ending December 2024), analysts expect AEM's revenue and EPS to grow 21.8% and 110.1% year-over-year to $2.14 billion and $1.20, respectively. Also, the company has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
AEM's stock has gained 13% over the past six months and 64.6% over the past year to close the last trading session at $79.99.
AEM's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
AEM has a B grade for Sentiment, Quality, and Growth. It is ranked #13 out of 42 stocks in the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry.
To check additional AEM POWR Ratings for Value, Stability, and Momentum, <a href="https://stocknews.com/stock/AEM/">click here</a>.
Stock #2: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Based in Toronto, Canada, GOLD internationally engages in the exploration, mine development, production, and sale of gold and copper properties. It also explores and sells silver and energy materials.
On November 7, GOLD declared a dividend of $0.10 per share for the third quarter of 2024. The dividend is payable on December 16, 2024, to shareholders of record at the close of business on November 29, 2024.
GOLD pays an annual dividend of $0.40, which translates to a yield of 2.33% at the current share price. Its four-year average dividend yield is 2.99%. Moreover, the company's dividend payouts have increased at a CAGR of 17.3% over the past five years.
On October 2, GOLD officially launched the Super Pit project at its Lumwana copper mine, inaugurated by Zambian President Hakainde Hichilema. The $2 billion Super Pit Expansion project is expected to begin construction in 2025. After completion, the project will explore the potential to transform Lumwana into a long-life, high-yielding, top-25 copper producer and a Tier 1 copper mine.
GOLD's revenues for the third quarter, which ended September 30, 2024, increased 17.7% year-over-year to $3.37 billion. Its attributable EBITDA rose 20.6% from the year-ago value to $1.29 billion. The company's adjusted net earnings amounted to $529 million and $0.30 per share, up 26.5% and 25% from the prior year's period, respectively.
Street expects GOLD's revenue for the fourth quarter (ending December 2024) to increase 41.7% year-over-year to $4.34 billion, while its EPS for the same period is expected to improve 80.5% year-over-year to $0.49. Moreover, the company topped the consensus revenue and EPS estimates in three of the trailing four quarters.
Over the past year, the stock has soared 8.9% to close the last trading session at $17.20.
GOLD's bright prospects are reflected in its POWR Ratings. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
The stock has a B grade for Growth and Quality. GOLD is ranked #10 in the list of 42 stocks within the same industry.
<a href="https://stocknews.com/stock/GOLD/">Click here</a> to check other GOLD ratings for Sentiment, Value, Stability, and Momentum.
Stock #1: Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGC</a>)
Headquartered in Toronto, Canada, KGC acquires, explores, and develops gold properties. The company operates several mines, including the Fort Knox mine and the Manh Choh project in Alaska, the Round Mountain and the Bald Mountain mines in Nevada, the U.S., the Paracatu mine in Brazil, and the La Coipa and the Lobo-Marte project in Chile.
On November 5, KGC's Board of Directors declared a dividend of $0.03 per common share for the third quarter of 2024. The dividend is to be paid on December 12, 2024, to shareholders of record as of the close of business on November 28, 2024. KGC's annual dividend of $0.12 translates to a yield of 1.23% at the current share price. Its four-year average dividend yield is 2.14%.
On September 10, KGC completed a Preliminary Economic Assessment (PEA) for the Great Bear project, which supports its strategy to acquire a top-tier, high-margin operation in a stable jurisdiction with robust infrastructure. The project expects an annual production of over 500,000 ounces per year in the initial 8 years, achieving an all-in-sustaining cost (AISC) of approximately $800 per ounce.
For the third quarter that ended September 30, 2024, KGC reported metal sales of $1.43 billion, up 29.9% year-over-year. Its operating earnings increased 142.1% from the year-ago value to $547.70 million. Adjusted net earnings attributable to common shareholders were $298.70 million and $0.24 per share, up 106.6% and 100% year-over-year, respectively.
Also, the company's attributable free cash flow grew 201.1% from the year-ago value to $414.60 million.
Analysts expect KGC's EPS for the fourth quarter (ending December 2024) to increase 105.5% year-over-year to $0.23. The company's revenue is expected to grow 36.1% year-over-year to $1.52 billion. Furthermore, KGC has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of KGC have increased 19.5% over the past six months and 83.3% over the past year to close the last trading session at $9.75.
KGC's POWR Ratings reflect its sound fundamentals. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
KGC has an A grade for Quality. The stock also has a B grade for Growth, Value, and Sentiment. It is ranked #3 out of 42 stocks in the B-rated Miners - Gold industry.
To check other POWR Ratings of KGC for Momentum and Stability, <a href="https://stocknews.com/stock/KGC/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AEM shares were trading at $82.33 per share on Tuesday afternoon, up $2.34 (+2.93%). Year-to-date, AEM has gained 52.99%, versus a 25.25% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/aem-gold-kgc-3-high-potential-gold-mining-stocks-to-hedge-against-inflation/>3 High-Potential Gold Mining Stocks to Hedge Against Inflation</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Potential Gold Mining Stocks to Hedge Against Inflation

BlackRock Commodity Strategies Fund Q3 2024 Commentary

Scotiabank raised the firm's price target on Agnico Eagle (AEM) to $103 from $94 and keeps an Outperform rating on the shares. The firm has adjuste...

Agnico Eagle price target raised to $103 from $94 at Scotiabank

GDX: Lower Expected Returns And High Market Risk

AAAU

GFIOF

GLDM

IAUM

OUNZ

RING

SGOL

WHGOF

Screenshot 2024-04-24 at 5.47.13 PM

Commodities

RSMXF

With Gold At All Time High, Regency Silver Poised To Benefit

Contracts

Small Cap

Press Releases

Capella Announces Strategic Partnership with Teako Minerals on Løkken Copper-Cobalt-Zinc Project

Star Royalties Reports Q2 2024 Financial Results

AGNICO EAGLE FILES TECHNICAL REPORT FOR THE DETOUR LAKE MINE

AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF THIRD QUARTER 2024 RESULTS AND CONFERENCE CALL

General

White Gold Corp. Encounters Gold in Encouraging Host Rocks of Altered and Mineralized Intrusives in Surface Rock Sampling over 1.25km on the Newly Discovered 2.2km Chris Creek Target on the QV Property

Bullish Sentiments High on Gold Trends as Mining Operations Continue to Ramp Up

Legal

Orosur Mining Inc Announces Colombia Update

AGNICO EAGLE ANNOUNCES INVESTMENT IN ATEX RESOURCES INC.

Dividends

AGNICO EAGLE REPORTS THIRD QUARTER 2024 RESULTS - RECORD FREE CASH FLOW FOR THE FOURTH CONSECUTIVE QUARTER; BALANCE SHEET STRENGTHENED BY FURTHER DEBT REDUCTION; WELL POSITIONED TO ACHIEVE GOLD PRODUCTION AND COST GUIDANCE; ONGOING EXPLORATION SUCCESS AT EXISTING OPERATIONS AND PIPELINE PROJECTS

White Gold Corp. Announces Significant Increase in Mineral Resources to 1,203,000 oz Gold Indicated and 1,116,600 oz Gold Inferred at the White Gold Project, Yukon, Canada

Comments

Agnico Eagle Mines

Notizie

Ultime notizie per Agnico Eagle Mines (NYSE:AEM) Azioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO