Is AEM Stock a Screaming Buy After the 39% YTD Price Rally?
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Thanks in part to AEM’s strong earnings performance, company shares are up 38.6% this year.
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That compares to the 17.2% gold mining industry rise during the same period, marked by record gold prices.
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Agnico Eagle Mines Limited’s AEM shares have shot up 38.6% this year, outperforming the Zacks Mining – Gold industry’s rise of 17.2%. The rally has been driven by a spike in gold prices and AEM’s forecast-topping earnings performance.
Technical indicators for Agnico Eagle show that AEM has been incessantly trading above the 200-day simple moving average (SMA) since March 4, 2024. However, the stock is currently trading below the 50-day SMA….
