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Agnico-Eagle Mines explores, develops, and produces gold in the United States, Mexico, Canada, and Finland.
This is an unusual pick for me. I'm certainly no gold bug. I think the price is reasonable though for the metal and has fallen unreasonably. I think this stock looks decently priced compared to other miners. I've read some good pieces on it. No DD done here. Just a speculative pick.
Precious Metals are all going to POP to the upside now that all the evil Bullion Banks, ESPECIALLY JPM, HSBC, and Scotia (3 of the total 6) are done manipulating the paper price, providing a phenomenal contrarian play for entry into the Miners (which re down between 75-90%!!!) that have good B/S and Cash, along with plentiful mines that afford them access to Au and Ag for very good prices. The Miners who pay around $1150-$1200/oz are the ones who will benefit the MOST at first, as their margins have been squeezed to NOTHING. Companies like BVN, RGLD, FNV, GG, and others who pay just $75/Oz-$700/Oz for Gold will still benefit, but their stock prices won't accelerate as fast! AEM stands to benefit immediately and handsomely, as their input costs were between $950-1050. Barrick was slightly more with input costs at $1050-$1150, & NEM was $1150-$1250 but ALL stand to move up in stock price the fastest. RGLD and FNV pay just $75 and $76, respectively, per OZ mined, so while they offer the best overall LT Investment, (RGLD is SO OVERRATED and has TINY RESERVES compared to the nearly HALF-PRICED Franco Nevada FNV, I'd NEVER buy Royal Gold, especially since $1 doesn't indicate ANYTHING when comparing all in mining costs!) it will take them, ironically, more upward movement in Au's price for them to accelerate...
Central banks are printing tons of money.
In a new downtrend. Looking to last about a month. Shorted 200s @ 37.09 on most recent pullback (up)
Gold is a very good form of protection against all present imponderables. AEM is a very cheap stock.
pushed too far
Gold stocks are due for a rebound. This one has strong operating numbers and has been hit hard lately.
Big growth over past few years, reliable management, operates in "friendly" countries, great hedge against current market nastiness. What's not to like?!
Gold miner, operating in very stable geographic regions. I'm using AEM as a tracking stock for Nautilus Minerals (TSE:NUS).
A miner with a dividend. With profits rising, the dividend may grow as well as other miners have done recently.
Gold going up
mid cap miner that has just gotten over the start up blues on multi mines. i don't think they will do that again any time soon. its time to pull rich deposits and lower the production rates on the ounce. oh did i mention, gold is at 1300 and in a metals to metals comp that price is still cheep. QE2, possible inflation in the next year, dollar worries along with other currency worries. i could type all day on the Bennie's for junior miners and gold. but do your homework and use options with leveraged spreads and keep your eye on the ball!
gold is what Cramer is pitching
Should benefit from prospective rise in the gold price.
projected earnings 12mo
ProfileAgnico-Eagle Mines Ltd.145 King Street EastSuite 400Toronto, ON M5C 2Y7Canada - MapPhone: 416-947-1212Fax: 416-367-4681Website: www.agnico-eagle.comDetails Index Membership: N/A Sector: Basic Materials Industry: Gold Full Time Employees: 2,781 Business Summary Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of gold in Canada, Finland, Mexico, the United States, and Argentina. It also explores for silver, zinc, copper, and lead. The company holds interests in the LaRonde, Goldex, and Lapa mines located in the Quebec region; the Kittila mine in Finland; the Pinos Altos mine located in Mexico; and the Meadowbank mine in Nunavut. As of December 31, 2009, the company?s land holdings in Canada consisted of 78 projects comprised of 2,911 mineral titles covering an aggregate of 222,825 hectares. Land holdings in the United States consisted of 11 properties comprised of 3,058 mineral titles covering an aggregate of 26,176 hectares. Land holdings in Finland consisted of 3 properties comprised of 168 mineral titles covering an aggregate of 20,030 hectares. Land holdings in Mexico consisted of 4 projects comprised of 47 mining concession titles covering an aggregate of 63,990 hectares. Land holdings in Argentina consisted of 1 project with 2 mineral titles covering an aggregate of 2,691 hectares. The company was founded in 1953 and is based in Toronto, Canada. ***All above information from YAHOO FINANCE***
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