Latest news with #CareyMacRury
Yahoo
21 hours ago
- Business
- Yahoo
Canaccord Genuity Increases PT on Agnico Eagle Mines from $143.23 to $152.68, Keeps Buy Rating on the Stock
Agnico Eagle Mines Limited (NYSE:AEM) is one of the Best Gold Mining Companies to Buy Now. On July 23, Canaccord Genuity increased the price target on Agnico Eagle Mines Limited (NYSE:AEM) from $143.23 to $152.68, keeping its Buy rating on the stock. Canaccord Genuity analyst Carey MacRury raised the price target on AEM following strong Q2 FY2025 results. The company posted record financial results, with revenue of $2.8 billion, exceeding estimates by $115.07 million. The adjusted earnings came in at $1.94 per share, surpassing consensus by $0.14. The company improved its financial position with $1.3 billion in FCF and repurchasing shares worth $100 million, alongside $550 million in debt repayments. The robust results were driven by gold production of around 866,000 ounces and a high realized gold price of $3,288 per ounce. A representation of gold bars, highlighting the companies success in their gold industry. The analyst remains positive as the company made significant progress on important projects, including record gold production at Odyssey and Macassa. Agnico Eagle Mines had the best mill throughput at Detour for the second quarter. Moreover, the company continues to invest in future growth with projects, including Detour, Hope Bay, Malartic, San Nicolas, and Upper Beaver. These projects could substantially increase the gold production capacity. Agnico Eagle Mines Limited (NYSE:AEM) is a gold mining company. It engaged in the exploration, development, and production of precious metals, including gold, silver, zinc, and copper. 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
29-07-2025
- Business
- Yahoo
Canaccord Genuity Maintains a Buy on Kinross Gold (KGC) With a C$28 PT
Kinross Gold Corporation (NYSE:KGC) is one of the most profitable gold stocks to buy right now. In a report released on July 23, Carey MacRury from Canaccord Genuity maintained a Buy rating on Kinross Gold Corporation (NYSE:KGC) with a price target of C$28.00. Aerial shot of a mine entrance, the bedrock of the company's gold and silver extraction. In other news, Kinross Gold Corporation (NYSE:KGC) reported on July 25 that it sold an aggregate of 23,681,160 common shares of White Gold Corp., which represented all of the common shares held by KGC, at an average sales price of C$0.29 (excluding commission). This translates to an aggregate sale price of C$6,869,905.51. Management stated that the shares represented around 12% of the outstanding White Gold common shares. Based in Canada, Kinross Gold Corporation (NYSE: KGC) is a global senior gold mining company operating in the US, Brazil, Mauritania, Chile, and Canada. Its projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast, and the Great Bear projects. While we acknowledge the potential of KGC 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
11-06-2025
- Business
- Business Insider
Osisko Gold Royalties (OR) Receives a Rating Update from a Top Analyst
Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Osisko Gold Royalties (OR – Research Report) today and set a price target of C$40.00. The company's shares closed today at $25.68. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter MacRury covers the Basic Materials sector, focusing on stocks such as SSR Mining, Franco-Nevada, and Wheaton Precious Metals. According to TipRanks, MacRury has an average return of 17.7% and a 65.47% success rate on recommended stocks. Osisko Gold Royalties has an analyst consensus of Strong Buy, with a price target consensus of $27.11, a 5.57% upside from current levels. In a report released on June 4, RBC Capital also maintained a Buy rating on the stock with a $30.00 price target.
