Is AEM Stock a Screaming Buy After the 50% YTD Price Rally? — TradingView News
Agnico Eagle Mines Limited’s AEM shares have popped 50% this year. While AEM has underperformed the Zacks Mining – Gold industry’s rise of 62.2%, it has topped the S&P 500’s decline of 4.4%. The rally has been driven by a spike in gold prices and AEM’s forecast-topping earnings performance on higher realized prices and strong production.
AEM’s gold mining peers, Barrick Mining Corporation B, Newmont Corporation NEM and Kinross Gold Corporation KGC, have rallied 25.5%, 45% and 62.5%, respectively, over the same period.
Barrick’s rally has been supported by its strong financial performance, efforts to expand production and the progress of key growth projects, including Lumwana Super Pit and Reko Diq. Newmont’s gains are…
