Latest news with #AgnicoEagleMinesLtd
Bloomberg
27-05-2025
- Business
- Bloomberg
Agnico Eagle's Ascent to Most Valuable Gold Stock Lifts Paulson
When billionaire hedge fund manager John Paulson's firm made a big bet on gold after the 2008 financial crisis, his fund picked several small- and mid-size gold miners. One of those is now vying to be the world's most valuable bullion stock. Toronto-based Agnico Eagle Mines Ltd. had a roughly $7.9 billion market capitalization when Paulson & Co. took a stake in the company. It's now worth about $59 billion in New York, with its market cap more than doubling since the beginning of 2024 alone. The gains mean the stock is virtually tied with Denver-headquartered Newmont Corp. as the world's most valuable gold-focused producer.
Yahoo
12-04-2025
- Business
- Yahoo
Why Agnico Eagle Mines Ltd. (AEM) Went Up On Thursday?
We recently published a list of . In this article, we are going to take a look at where Agnico Eagle Mines Ltd. (NYSE:AEM) stands against other Thursday's best performers. Investors sold off positions on Thursday, sending the stock market tumbling anew following President Donald Trump's announcement that he had actually raised tariffs on Chinese goods by 145 percent since taking office. Among all major indices, the Nasdaq was battered the most, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent. Meanwhile, 10 companies bucked a broader market decline, registering modest gains during the session. In this article, we have listed Thursday's 10 best performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume. A macro view of a gold mine, with miners hard at work in the foreground. Agnico Eagle extended its winning streak for a fourth straight day on Thursday, adding 5.43 percent to finish at $111.55 apiece in line with its counterparts and higher gold prices. With the ongoing trade tensions globally, investors found safety in gold and mining firms resulting in the rally of gold mining stocks. On the same day, spot prices of gold finished 0.35 percent higher at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session. Additionally, AEM earned a bullish outlook from former hedge fund manager Jim Cramer, who is also the host of the Mad Money show on CNBC. In his show, Cramer mentioned multiple times how he likes AEM's stock. 'I like Agnico Eagle…one of the more gold-oriented companies,' he was quoted as saying. AEM is a Canada-based gold miner and the third largest gold producer in the world. It currently has operations in Canada, Australia, Finland and Mexico. Overall, AEM ranks 7th on our list of Thursday's best performers. While we acknowledge the potential of AEM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Forbes
11-04-2025
- Business
- Forbes
Bonds Bludgeoned, Dollar Dumped, Gold Gains. Markets have been moving
Sure, the stock market has been moving. But it's the action in government bonds, the US dollar, and gold that REALLY stood out this week. Here are some thoughts on what happened – and what it MEANS for investors – from top MoneyShow experts. Mike Larson MoneyShow What's it going to take to get a real, LASTING rally in the stock market? Cooperation! Think back to Wednesday. After President Trump paused most of his tariffs for 90 days, the Dow Jones Industrial Average launched its biggest point rally EVER. The S&P 500 surged the most since 2008. The Nasdaq? It jumped more than 12%, its biggest single-day rise since the Dot-Com Bubble days. But gold didn't give back much of its earlier gains. Neither did Treasury yields. Those turned out to be 'tells' – signs of stress elsewhere in the market that suggested equities could be vulnerable. And sure enough, stocks gave back a significant chunk (though not all) of their gains Thursday. You can see the action in today's MoneyShow Chart of the Day. It shows how E-Mini S&P 500 futures (ES) have been trading over the last few days in blue – along with gold futures (GC) in red, dollar index futures (DX) in blue-green, and long bond futures (ZB) in purple. ES, GC, DX, ZB Futures (4-day % Change) While other asset classes DID react to the stock market surge, those reactions weren't very powerful. Then overnight and into Thursday, bonds resumed selling off along with the dollar, while gold jumped again. When you have bonds selling off, the dollar selling off, and gold rising, it tells you something. It suggests 'Big Money' is abandoning US assets – and repositioning some of the money into one of the longest-term stores of value. It's impossible to know if it's being done as some form of retaliation (China selling US assets as part of the trade fight). It could just be global investors moving their money elsewhere because they don't like the uncertainty caused by Trump's erratic policymaking approach. Whatever the reason, the outcome is the same. Stock market rallies will remain suspect and 'squishy' until equities get some cooperation from other asset classes! Clif Droke Cabot Turnaround Letter Last week was a nasty one for the market, and while some holdings fared better than others, there was definitely some bloodshed in the portfolio. But I still like Agnico Eagle Mines Ltd. (AEM). AEM was just downgraded to 'Neutral' from 'Buy' with a $110 price target at UBS. The bank believes Agnico will continue to deliver against its guidance while generating robust free cash flow and increasing cash returns to shareholders. But it sees 'limited near-term volume growth' and believes the company would need to 're-rate further to justify material upside with gold at $3,000 an ounce.' Agnico Eagle Mines Ltd. (AEM) The analysts at UBS further said Agnico's relative valuation looks 'stretched' after an outperformance that was driven by industry peers struggling against production guidance, cost inflation, and questionable M&A track records. UBS also noted that at 8.2x its spot enterprise valuation-to-EBITDA, Agnico now trades in line with its five-year average multiple and implies the stock is discounting a more than $3,000 gold price. I happen to disagree with the firm's assessment of AEM's upside being limited. Instead, I see AEM as a continued prime beneficiary of the ongoing secular gold bull market, which is being driven by a number of catalysts — not the least of which is the persistence of global economic uncertainties. Adrian Day Global Analyst A change in the monetary system presages a commodity bull market. Not only gold, but commodities generally will likely respond positively to what's underway. The Fed is changing policy. This shift is already underway. In March, the Federal Reserve decided to reduce the pace of the roll-off from the Fed's balance sheet. While not changing the reduction in Mortgage Backed Securities (MBS), the Fed slashed the rate of the roll-off in Treasuries from an already-cut $25 billion a month to just $5 billion. Given a balance sheet of $6.76 trillion ($4.23 trillion of which is in Treasuries), Bill Fleckenstein is right to call this 'a rounding error.' The balance sheet remains higher, by more than 60%, from where it stood on the eve of Covid, despite three years of QT. During his post-meeting press conference, Fed Chairman Jerome Powell was at pains to say repeatedly that nothing should be read into this. It was to do with money markets, he said, or maybe to do with the debt ceiling, but 'don't take any signal from it.' That is just plain nonsense. This move is clearly to help the long-term Treasury market, which already has few buyers at current rates. Powell himself said the Fed would stop the reduction in Treasury holdings 'at some point.' In my view, it is a precursor to a new round of QE from the Fed, likely later this year. It may not be called QE, but that is what it will be. Whether we see just QE and tariffs or a broader set of policies, depending on whether they are implemented successfully, they would likely lead to more stock market weakness. Not to mention bond market weakness and some dollar weakness. Commodities All Time Low Every one of these policies would be gold-positive, if only by increasing uncertainty, both in the near term as well as over the longer term. Gold reacts positively to chaos and uncertainty, to disruption and volatility. Plus, commodities are as low relative to financial assets as they have been at any time in the last 100 years. They are cheaper even than at three previous points of extreme undervaluation. I must quote Goehring & Rozencwajg: 'If gold is the canary in the coal mine, it is singing loudly.'
Yahoo
09-04-2025
- Business
- Yahoo
Jim Cramer on Agnico Eagle Mines Ltd (AEM): 'One of the More Gold-Oriented Companies'
We recently published a list of . In this article, we are going to take a look at where Agnico Eagle Mines Ltd (NYSE:AEM) stands against other stocks that Jim Cramer recently discussed. In his appearance on CNBC's Squawk on the Street on Friday, Jim Cramer struggled to understand President Trump's game plan. The President's decision to announce tariffs on countries that have a trade surplus with the US roiled the stock market and made Cramer speculate whether the coming Monday would resemble 1987's infamous Black Monday crash. He commented: 'I do think that what's happened Carl, is that I struggle for why, for what the President's game plan is. Because if you wanted to make the market, uh, crash, I think you would go with his game plan. I don't like that, I do not favor that, that's a they know nothing game plan, and it's very disappointing. Because I'm a savvy person, business person, surrounded by business people, it should not be in our country's interest to have the market crash.' Naturally, criticizing the government is controversial and so is speculating about a possible incoming historic market crash. However, Cramer remained defiant and shared with viewers how he withstood the 1987 crash: 'Now if I am blamed for what I said, you know what, I don't play for dinner! I am finally at the darn age where I'm allowed to say that if I mean it. Now I said it a couple of other times and I was right! In every occasion. I was in cash for 1987. In cash. That was not stupid. I was in cash for the crash. I obviously said in 2007 that they knew nothing. That was a good call. I don't want this to be that call. There's plenty of opportunity for the President to say, you know I've been thinking. We'll do the TikTok deal. We'll avoid this.' While he didn't shun buying stocks, Cramer urged viewers to be careful. 'I can't think of a single reason to buy a stock,' he said. Now I'm on hold, I mean we've sold enough stuff for our charitable trust. But I can't bottom fish! I don't want to sleep with the fishes!' he added. In his Thursday show, Cramer outlined that stocks were readjusting to lower multiples stemming from tariff-induced higher costs of business. When asked if he was more bearish than his earlier prediction of prices falling for a multiple adjustment, he remarked: 'I think that, I find it impossible to believe that the President would actually order a crash. . . .We have a lot of people who have money in the stock market. It's the bedrock of a lot of 401(k) and IRA. And I think that should play a role too. And I am much more of a hard-line tariff person than the President. . .I hate free trade. I am so much harder line than Navarro! And Trump!' Cramer implored the Trump administration to give companies a path to navigate through tariffs. 'You can undo what you did in the next 48 hours,' he said. 'It makes no sense to hurt American companies. Give them a path! And then what then we go up!,' he added. To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on April 4th. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders In Q4 2024: 53 Agnico Eagle Mines Ltd (NYSE:AEM) is a gold mining company that is one of Cramer's favorites in the sector. The TV show host has commented multiple times this year that he prefers the firm's stock over rival Barrick Gold. Not only has the high demand for gold made Cramer prefer gold stocks but when it comes to Agnico Eagle Mines Ltd (NYSE:AEM), he is also impressed by the firm's management. Here are his latest thoughts about Agnico Eagle Mines Ltd (NYSE:AEM): 'I like . . Agnico Eagle. . .you know one of the more gold oriented companies.' Overall, AEM ranks 8th on our list of stocks that Jim Cramer recently discussed. While we acknowledge the potential of AEM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
05-04-2025
- Business
- Yahoo
Jim Cramer Favors Agnico Eagle Mines (AEM): ‘Golds Are Working – Agnico's the Better One'
We recently published a list of . In this article, we are going to take a look at where Agnico Eagle Mines Ltd (NYSE:AEM) stands against other stocks that Jim Cramer discusses. In a fresh appearance on CNBC's Squawk on the Street, Jim Cramer started off by discussing President Trump's latest tariff announcements that include a 10% levy on all imported goods and tariffs of varying levels on 60 countries. Commenting on the impact on the stocks, Cramer shared that 'There's always money to go somewhere.' He believes that the money will flow to utility companies, consumer goods manufacturers and healthcare companies as they have pricing power and are exposed to domestic US demand instead of demand for imported products. Further commenting on the companies affected by the tariffs, he added: 'And I'm looking at. . . there's the luckless and the lucky, and the luckless are companies that moved from China to Vietnam. China to Thailand. China to other areas where they thought they were allowed to go to. To Mexico. . . But David, there are some companies in the crosshairs that are going down. And there are some companies in the crosshairs that are going up.' Cramer also commented on the impact of tariffs on businesses and the goal of the Trump administration. Cramer believes that the tariffs might prove to be airtight when it comes to incentivizing manufacturing in the US: 'My people that do industries say okay here's what the tariffs were. They figured out what would make it so the only place you would want to make something is America. Wherever you go. You can't. . it's like Muhammad Ali, you can run, but you can't hide. And I think that's the ultimate goal. And the only time it would not be is if you think the dollar's so strong that you won't, that you'd still want to import.' Yet, commenting on Deutsche's report saying it was starting to worry about the dollar's safe haven status, Cramer stated: 'Well, I think that that's correct. That was a great note.' Elaborating further on the impact of tariffs on businesses, Cramer outlined: 'We don't know whether these are starting points in negotiation or whether there's no negotiation whatsoever. It's entirely possible there's no negotiation whatsoever. That they just want it to be this way.' To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on April 3rd. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A macro view of a gold mine, with miners hard at work in the foreground. Number of Hedge Fund Holders In Q4 2024: 53 Agnico Eagle Mines Ltd (NYSE:AEM) is a gold mining company that Cramer has mentioned several times over the past month. His comments about the firm have revolved around the firm's gold production and its management. He believes that Agnico Eagle Mines Ltd (NYSE:AEM) stands to benefit from greater gold demand during today's uncertainty-driven era. He is also optimistic about the firm's management. Here are his latest thoughts about Agnico Eagle Mines Ltd (NYSE:AEM): 'Golds are working. I've got Barrick. I think Agnico's the better one.' Overall, AEM ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AEM, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
