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Agnico Eagle Mines Limited (AEM)

NYSE - NYSE Delayed Price. Currency in USD
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69.04-0.04 (-0.06%)
At close: 4:00PM EST
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  • D
    Doug
    I now own once again after many years, THE GOLDEN EAGLE! Bought my first shares at $23 and again at $48. Both times for a nice tidy profit. I hope that we will have that December Santa Claus rally in gold again this year. CEO is the best in the business. GL.
  • c
    charles
    $EGO conversation
    Agnico said its operations performed well.

    "Despite ongoing challenges related to the COVID-19 pandemic, Agnico Eagle's operations had strong performance in the third quarter of 2020. Many of our operations set monthly or quarterly production records, which is a testament to the hard work of our employees and the continued support of our local communities in these difficult times", said Sean Boyd, Agnico Eagle's Chief Executive Officer. "This solid operational performance, coupled with a record realized gold price, resulted in strong quarterly free cash flow generation."

    The company has increased its increased its quarterly dividend by 75%.

    $AEM next win is $EGO
    Bullish
  • P
    P K
    Battle for 68 could be lost today as we have educated. Next line is 62/63 for a bounce. Remember when in mid 8Os we said to short this and promised 68? We helped some we know.
  • b
    better
    $AUY conversation
    A little bit of ratio analysis (which points to a very positive future for Yamana shareholders):

    If we take today’s closing stock price divided by estimated 2020 earnings, we end up w/ P/E ratios as follows:

    NEM p/e = 66.70 / 2.28 = 29.25
    AUY p/e =5.70 / 0.19 = 30

    Hmm, surprising, actually NEM is narrowly cheaper using the P/E ratio.

    The other ratio I like is market cap per GEO produced:

    AUY $5.4b / 915k = $5,900 of mkt cap per GEO of production

    NEM $53.6b / 6m = $8,933 of mkt cap per GEO of production

    By this metric, #NEM gets a 50% higher mor cap per GEO produced.

    If Yamana achieved a ratio of $8,933 of mkt cap per GEO produced, it would need trade at mkt cap of $8.2b or $8.77 per share.

    If this was true, then AUY would also need to achieve earnings of $0.30 per share per year or $0.075 per share per quarter in order to sustain a P/E of 30.

    If a group of investors from the Yahoo group were to write a letter to management, we should insist on optimizing the company to achieve $0.075-0.085 per share per quarter, which would put us into blue chip gold producer territory (ie Better than #NEM)!

    Q3 was on track w/ $0.06 per share reported earnings plus the additional $0.02 for the gold production that was held back and not sold, ie, $0.08 / quarter.

    With consistent Yamana earnings of $0.075 / quarter for a year or two (Wall St likes stability!), based on NEM’s current pricing it’s perfectly realistic that we can achieve $8.50 per share.

    And that is at the current gold price! If the gold price rises above $1900, AUY rises even more!

    #GOLD #AEM #WPM
    Bullish
  • P
    P K
    we played the channel 72 to 75 both up and down and got out. As shown in real time . UNDENIABLE. Then we got out after a 0.5% decline from there. That was at 71. We said to wait for 63. Not bad, huh!
  • J
    JoeBronx
    AEM, like rest of gold market, is not in a "correction," nor "pullback," but "FREEFALL" mode. Gold and gold stock charts remind me of Bernie Madoff holdings.
  • K
    Kbot
    PK, next time post your short and long trades in real time like you used to. Remember... like KL at $13, PAAS at $17 (Seventeen!), Gold at $1365, etc. Those were the days...
  • P
    P K
    Very exciting action this name, kids. We lost 39 cents yesterday on it so we call that a push so 3-0-2 and 9% gain in2 weeks time, both short AND long and each trade published! THAT is how real time stones work! Let's watch this carefully, if it cannot hold 68 zone this week then collapse down into lower channel with near term 63 bottom will occur. Oh all the slings and arrow at 78 when we PROMISED 68 handle! ;)
  • P
    P K
    From purely academic standpoint, this bull/bear battle right here is great entertainment!
  • P
    P K
    ALERT - Vol running 3X normal in this name. Crash continues.
  • P
    P K
    We got out of this name today for a push so 3-0-1 and 10% gain in a few weeks. They are coming after the bigs now harder than we time-estimated so we see big battle in 68-handle.
  • K
    Kbot
    Funny how PK goes missing during the rips higher and comes back on weakness and is magically short, lol...
  • P
    P K
    What a great battle between shorts and longs at 68 EXACTLY as we PROMISED way back at 78! This should last into next week! Fun to watch on multi-screen!
  • S
    Sippy
    Watching AEM for an entry. Stock chart on gold price since Aug high seems to be 3 events charting down. Looking for 5 events. Can any wave traders confirm this action?
  • P
    P K
    Hmmmm, now WHO was it that shorted last night after dividend announcement and covered this morning and made 3%. Not a bad "dividend".
  • p
    p
    starting drilling in Anza monday with Newmont and Orosur mining.. possible tier 1?
  • b
    better
    $AUY conversation
    All data sources point to landslide victory for Biden. If Dems win the Senate too, it seals the deal on $3.9b++ of stimulus ($2.4b Covid relief & $1.5b climate package), and is the perfect setup for gold and silver prices thru Q4 and thru 2021!

    #AUY #WPM #GOLD #AEM #HL #NEM
    Bullish
  • P
    P K
    Shorts can cover right here. We just made our long/short Base 8.5 straight points in this one within 3 weeks = 1O% in 3 weeks! Good enough for a whole year for many books!
  • P
    P K
    ALERT - Here is the 68/69 battle we PROMISED 1O points ago! Our work shows this to be quite a skirmish for a while. If bulls lose then next stop is 63 area.
  • C
    Chuck
    Gold is up 25 bucks and AEM is down? Go figure... I smell shorts preying on gold bugs.
    Bullish