|Bid||50.51 x 800|
|Ask||50.59 x 900|
|Day's Range||50.50 - 51.54|
|52 Week Range||50.50 - 85.46|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||16.43|
|Earnings Date||Oct 27, 2021|
|Forward Dividend & Yield||1.40 (2.77%)|
|Ex-Dividend Date||Aug 31, 2021|
|1y Target Est||101.81|
Gold has long been regarded as a safe haven in times of market turmoil. Many investors have gained exposure to the precious metal by buying stocks of companies engaged in exploration and mining. Gold stocks, as represented by the VanEck Gold Miners ETF (GDX), have dramatically underperformed the broader market over the past year as the U.S. economy and other economies have begun to recover amid the global pandemic.
Agnico Eagle (AEM) is acquiring the common shares and the warrants of Candelaria for investment purposes.
Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has agreed to subscribe for 13,333,333 units ("Units") of Candelaria Mining Corp. (TSX-V: CAND) ("Candelaria") in a non-brokered private placement at a price of $0.45 per Unit for total consideration of approximately $6,000,000. Each Unit is comprised of one common share of Candelaria (a "Common Share") and one-half of one common share purchase warrant of Candelaria (a "Warrant"). Each Warrant entitles the