|Bid||73.34 x 0|
|Ask||73.35 x 0|
|Day's Range||73.10 - 75.72|
|52 Week Range||42.91 - 86.39|
|Beta (3Y Monthly)||-0.33|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.67 (0.89%)|
|1y Target Est||N/A|
Boston, MA, based Investment company Account Management LLC (Current Portfolio) buys Agnico Eagle Mines, sells KLX Energy Services Holdings Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Account Management LLC. Continue reading...
Jim Cramer sat down with Sean Boyd, vice chairman and CEO of Agnico Eagle Mines Ltd. during the second "Executive Decision" segment of "Mad Money" Monday night. It's a company Cramer characterized as a growth gold stock. When asked about their success, Boyd noted that Agnico Eagle mitigates its geopolitical risk by simply not operating in countries with lots of upheaval.
Agnico Eagle Mines’ Q2 2019 results Agnico Eagle Mines (AEM) released its Q2 2019 results on July 24 after the markets closed. Agnico Eagle Mines had beat the estimates in its Q1 2019 results as well. AEM’s adjusted profit for Q2 2019 reached $27.8 million, about 4.5 times the profit in Q2 2018.
Investors are usually interested in gold miners’ ability to generate FCF (free cash flow), as it helps them invest in future growth.
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
Among miners, Eldorado Gold (EGO), New Gold (NGD), IAMGOLD (IAG), and Barrick Gold (GOLD) have seen the highest gains of 50.6%, 44.4%, 40.3%, and 36.4%, respectively.
Since lower interest rate expectations, a weakening US dollar, and geopolitical factors pushed gold above its long-term resistance of $1,350 per ounce, technical factors seem to have taken over.
In the world of physically backed gold ETFs, the SPDR Gold Shares (GLD) is the world's largest. As is often the case when gold declines, shares of gold miners overshoot the commodity's decline. The VanEck Vectors Gold Miners ETF (GDX), the largest gold miners ETF, is down 20.9% this year.