Here's Why Agnico Eagle Mines (AEM) is a Strong Growth Stock
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Agnico Eagle Mines (AEM)
Toronto, Canada-based Agnico Eagle Mines Limited is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. It successfully completed its merger with Kirkland Lake Gold in February 2022.
AEM sits at a Zacks Rank #1 (Strong Buy), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 80.7% and 25.2% year-over-year, respectively.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.33 to $4.03 per share. AEM boasts an average earnings surprise of 19.2%.
On a historic basis, Agnico Eagle Mines has generated cash flow growth of 62.7%, and is expected to report cash flow expansion of 23.5% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AEM should be on investors' short lists.
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Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report