Latest news with #AgnicoEagle
Yahoo
3 days ago
- Business
- Yahoo
Why Agnico Eagle Deserves a Spot in a Defensive Dividend Portfolio
Agnico Eagle Mines Limited (NYSE:AEM) is included among the . A closeup image of a miner holding a pile of gold nuggets, a representation of the company's royalty. The company is a leading gold producer with mining operations in Canada, Finland, Australia, and Mexico. It is recognized for its stable operations, long-life mining assets, and solid financial position. Although gold prices can fluctuate, Agnico has a track record of maintaining resilient performance over the long term. Agnico Eagle Mines Limited (NYSE:AEM) has shown remarkable growth in its gold production over the years. Back in 2008, the company operated only a single mine, LaRonde. Since then, it has significantly expanded its presence to 11 mines spread across four countries. This growth has been fueled by the development of new mining projects and well-planned acquisitions, particularly in regions considered to be lower risk. Agnico Eagle Mines Limited (NYSE:AEM) reported a solid cash position in the first quarter of 2025. The company's operating cash flow came in at $1.2 billion, and its free cash flow amounted to $594 million. Currently, it offers a quarterly dividend of $0.40 per share for a dividend yield of 1.34%, as of July 15. The company has paid uninterrupted dividends to shareholders since 1983. While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Globe and Mail
4 days ago
- Business
- Globe and Mail
5 Top-Ranked Gold Mining Stocks Amid Strong Central Bank Purchases
Gold prices are witnessing a northward journey this year, benefiting the stocks associated with yellow metal mining. The momentum of yellow metal is likely to continue as the World Gold Council has stated that the gold mining industry is facing a scarcity of deposits. On the demand side, several central banks of emerging economies are continuously buying the yellow metal. At this stage, it will be fruitful to buy gold mining stocks with a favorable Zacks Rank. Five such stocks are: Franco-Nevada Corp. FNV, Royal Gold Inc. RGLD, Kinross Gold Corp. KGC, AngloGold Ashanti plc AU and Agnico Eagle Mines Ltd. AEM. Each of our picks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Solid Gold Demand by Central Banks Central Banks are bolstering their gold reserves following rising global debt levels, trade and tariff-related uncertainties and lingering geopolitical risks, especially in the Middle East. Central bankers are purchasing more gold from local miners without weighing on foreign exchange reserves, especially the U.S. dollar. Spot gold price is currently around $3,342/oz, up 37% year to date. Moreover, central banks across the world are in the process of cutting interest rates in order to spur economic growth. A low market interest rate is beneficial for non-income-bearing bullions like gold. Additionally, the use of gold in energy, healthcare and technology is rising. Therefore, an eventual demand-supply imbalance is likely to drive gold prices. Market participants are optimistic about the gold mining industry's prospects. Giant investment bankers like Goldman Sachs and JP Morgan have forecasted that gold prices could climb to $4,000/ounce by 2026, suggesting continued bullish momentum. The chart below shows the price performance of our five picks year to date. Franco-Nevada Corp. Franco-Nevada is well-poised to deliver strong earnings growth aided by increased contributions from its streaming agreements. Contribution from buyouts and a healthy portfolio of royalty and streaming agreements will aid the growth of FNV. Even though the company has been facing lower output due to the production halt in Cobre Panama, it is likely to be offset by FNV's continued focus on cost management. FNV has a debt-free balance sheet and uses its free cash flow to expand portfolio and pay out dividends. Gold prices have been on an uptrend in 2025, aided by geopolitical reasons, and the potential for monetary policy easing. This rise in gold price will also boost the results of FNV in the coming quarters. Franco-Nevada has an expected revenue and earnings growth rate of 34.6% and 43.9%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last seven days. Royal Gold Inc. Royal Gold has been benefiting from its solid streaming agreements. RGLD has been benefiting from its acquisitions and strong business model. Despite persistent inflationary pressures in the broader economy, the company has been maintaining high margins. RGLD maintains a strong balance sheet, which is likely to drive growth in the upcoming quarters. This rise in metal prices, like gold and silver, will boost RGLD's results in the coming quarters. RGLD is focused on allocating its strong cash flow to dividends, debt reduction and new businesses. Royal Gold has an expected revenue and earnings growth rate of 28.8% and 42%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.5% over the last 30 days. Kinross Gold Corp. Kinross Gold has a strong production profile and boasts a promising pipeline of exploration and development projects. These projects are expected to boost production and cash flow and deliver significant value. KGC is focusing on organic growth through its Tasiast mine, where the Phase One expansion boosted production capacity, and the Tasiast 24K expansion further increased throughput and production. KGC's Manh Choh project at Fort Knox is expected to extend operations and benefit from higher gold prices. The Great Bear project in Ontario also offers a promising long-term opportunity with substantial gold resources. Higher gold prices should also boost KGC's profitability and drive cash flow generation. Kinross Gold has an expected revenue and earnings growth rate of 17.9% and 72.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.4% over the last 30 days. AngloGold Ashanti plc AngloGold Ashanti operates as a gold mining company in Africa, Australia, and the Americas. AU primarily explores for gold, as well as produces silver and sulphuric acid as by-products. AU's flagship property is a fully owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. AngloGold Ashanti has an expected revenue and earnings growth rate of 52.8% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.6% over the last 30 days. Agnico Eagle Mines Ltd. Agnico Eagle Mines is focused on executing projects that are expected to provide additional growth in production and cash flows. AEM is advancing its key value drivers and pipeline projects. The Kittila expansion promises cost savings, while acquisitions like Hope Bay and the merger with Kirkland Lake Gold strengthen AEM's market position. The merger with Kirkland Lake Gold established the new Agnico Eagle as the industry's highest-quality senior gold producer. Higher gold prices are also expected to drive AEM's margins. Strategic diversification mitigates risks, supported by prudent debt management and maintaining financial flexibility. Agnico Eagle Mines has an expected revenue and earnings growth rate of 26.6% and 52.5%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 7% over the last 30 days. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC): Free Stock Analysis Report AngloGold Ashanti PLC (AU): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Franco-Nevada Corporation (FNV): Free Stock Analysis Report Royal Gold, Inc. (RGLD): Free Stock Analysis Report
Yahoo
4 days ago
- Business
- Yahoo
Canadian Gold Corp. Field Exploration Underway at Hammond Reef South and Tartan West
Flin Flon, Manitoba--(Newsfile Corp. - July 17, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce the commencement of two independent field exploration programs, one at the Tartan West Property (recently optioned from Hudbay Minerals Inc.) located immediately adjacent to the west of the Tartan Mine Property in Flin Flon, MB, and the other at the Hammond Reef South Property located near Atikokan, Ontario, adjacent to Agnico Eagle's fully permitted Hammond Reef Gold Deposit. Hammond Reef South The 2025 field exploration program is designed to follow up on the high grade gold samples discovered last year, which remain open along strike. This program will be funded using proceeds of a recently closed $385,000 private placement of flow-through shares. Last year's program successfully identified a new high-grade gold zone with assays returning 35.4 gpt, 11.6 gpt, 7.1 gpt, and 2.9 gpt gold (see: September 25, 2024 CGC News Release). The Hammond Reef South property is located only 2 km from Agnico Eagle's Hammond Reef Deposit, which contains a large mineral resource of more than 5 million ounces of gold and occurs in the same geological environment (Fig. 1). Exploration is currently focused on evaluating the extent of the gold system as well as the broader mineralized corridor that extends over a 6.7 km strike and parallel to Agnico Eagle's Hammond Reef Deposit (Fig.1). The current program will include follow-up surface work along strike to better evaluate the lateral extent, width and continuity of the gold system, building on last year's strong results (Fig.2). In addition, the Company is also planning a geophysical program to target areas of higher sulphide content, which have shown a strong correlation with the gold mineralization. Together, the surface work will focus on tracing the trend of the mineralization while the geophysics will help identify potential extensions of the system beneath cover and at depth to refine high-priority targets for drilling. Tartan West Property Field crews have also commenced a ground reconnaissance program along the Tartan Shear Zone on the Tartan West Property (Fig. 3). The current Tartan West program consists of detailed mapping, prospecting, and sampling to evaluate and verify the historic high-grade surface showings (Fig.4), which will aid with prioritization of areas for additional work such as trenching, stripping and diamond drilling. Historic high-grade gold surface samples with no follow-up drilling returned: 118 gpt gold and 53.5 gpt gold (Fig. 4). Highlights of the historic drilling include extremely high-grade results: 44.2 gpt gold over 2.5 metres, 68.9 gpt gold over 1.1 metres, 60.0 gpt over 1.1 metres and 595.2 gpt over 0.2 metres. Additional drill assays have returned results comparable to the Tartan Mine, including 11.6 gpt gold over 3.8 metres, 7.7 gpt gold over 4.4 metres, 6.4 gpt gold over 2.4 metres and 12.9 gpt gold over 1.13m (Fig. 4). The program at the Tartan West property is an important first step toward a goal of potentially levering future infrastructure investments over an expanded resource base, delivering enhanced economies of scale including: the potential to build a single process facility at the Tartan Mine and source ore from multiple areas along the contiguous Tartan Shear Zone, reducing the capital needed on a per ounce basis once a decision has been made to restart production; and ability to access Tartan West mineralization in the future from current and planned Tartan Mine underground infrastructure. For Further Information, Please Contact:Michael Swistun, CFA President & CEOCanadian Gold Corp.(204) 232-1373info@ Social Media Accounts:X (Twitter) InstagramFacebookLinkedIn Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Qualified PersonThe scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the Company, and a Qualified Person as defined under National Instrument 43-101. About Canadian Gold Gold Corp. is a Canadian-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past producing Tartan Mine, located in Flin Flon, Manitoba. The historic Tartan Mine currently has a 2017 indicated mineral resource estimate of 240,000 oz gold (1,180,000 tonnes at 6.32 g/t gold) and an inferred estimate of 37,000 oz gold (240,000 tonnes at 4.89 g/t gold). (Tartan Lake Project Technical Report, Manitoba, Canada, April 2017 authored by Mining Plus Canada Consulting Ltd.). The Company also holds a 100% interest in greenfields exploration properties in Ontario and Quebec adjacent to some of Canada's largest gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON). McEwen Inc. (NYSE & TSX: MUX) holds a 5.6% interest in Canadian Gold, and Robert McEwen, the founder and former CEO of Goldcorp, and Chairman and CEO of McEwen Inc., holds a 32.5% interest in Canadian Gold. CAUTION REGARDING FORWARD-LOOKING INFORMATIONThis news release of the Company contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Gold's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Figure 1: Hammond Reef South Gold Trend To view an enhanced version of this graphic, please visit: Figure 2: Hammond Reef South 2024 Surface samples To view an enhanced version of this graphic, please visit: Figure 3. Location of the Tartan West Property. To view an enhanced version of this graphic, please visit: Figure 4. Location of highlight historic gold occurrences on the Tartan West Property. To view an enhanced version of this graphic, please visit: To view the source version of this press release, please visit
CNBC
5 days ago
- Business
- CNBC
Cramer's Lightning Round: 'You can speculate with' CleanSpark
New Gold: "It's ok. I mean, why not buy Agnico Eagle? That's the one I really, really like. They're doing so well." D-Wave Quantum: "I want you to own this D-Wave." Bristol-Myers Squibb: "Never seen it this cheap. We're holding it. I did have high hopes central nervous system drug. It better work. If it doesn't work, we're going to get rid of it." CleanSpark: "You can speculate with it. As long as you understand that it's speculation and nothing more." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust owns shares of Bristol-Myers Squibb.
Yahoo
10-07-2025
- Business
- Yahoo
RBC Highlights Agnico Eagle (AEM) for Mid-Cap Gold Stock Growth Potential
Agnico Eagle Mines Limited (NYSE:) is one of the top 10 materials stocks to buy according to analysts. Investor interest in gold equities remains strong but measured, and AEM is emerging as a key focus among mid-cap gold stocks. In a June 29 note, RBC Capital Markets highlighted that while catalysts are limited across most senior North American producers, Agnico Eagle stands out for its solid fundamentals and growing investor attention. A closeup image of a miner holding a pile of gold nuggets, a representation of the company's royalty. Alongside IAMGold and Equinox, AEM has attracted heightened interest amid a broader rally in gold prices—up roughly 25% year-to-date—as investors seek safe-haven assets. With macroeconomic uncertainty, including muted U.S. inflation and potential Fed rate cuts, Agnico Eagle's operational strength and global footprint position it as a compelling name in the gold sector. Agnico Eagle Mines Limited (NYSE:AEM), headquartered in Toronto, is a senior gold producer with mining operations in Canada, Australia, Finland, and Mexico. The company explores and develops precious metals, including silver, copper, and zinc. Analysts view Agnico Eagle as a top pick for its disciplined capital allocation, strong production growth, and strategic exposure to gold amid rising demand for safe-haven assets and electrification-linked metals. While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Organic Food and Farming Stocks to Buy Now and 13 Best Blue Chip Stocks to Buy According to Analysts. Disclosure: None.
