Is AEM Stock a Screaming Buy After the 132% Price Surge in a Year?
Agnico Eagle Mines Limited AEM shares have surged 132.1% over the past year, powered by record high gold prices and the company’s consistent earnings beat, supported by higher realized prices and robust production levels.
While AEM has underperformed the Zacks Mining – Gold industry’s 152.3% rise, it topped the S&P 500’s increase of 22%. Its gold mining peers, Barrick Mining Corporation B, Newmont Corporation NEM and Kinross Gold Corporation KGC, have rallied 209.5%, 178.3% and 210.6.%, respectively, over the same period.
Image Source: Zacks Investment Research
Agnico Eagle has been trading above the 200-day simple moving average (SMA) since March 4, 2024, suggesting a long-term…
