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Group 1 - The average brokerage recommendation (ABR) for Agnico Eagle Mines (AEM) is 1.36, indicating a consensus between Strong Buy and Buy, with 71.4% of recommendations being Strong Buy and 21.4% being Buy [1][2] - Despite the positive ABR, studies suggest that brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [2][3] - The Zacks Rank, which is based on earnings estimate revisions, is presented as a more reliable indicator of near-term stock price performance compared to ABR [3][5] Group 2 - The Zacks Consensus Estimate for Agnico's earnings has increased by 22.6% over the past month, reaching $3.17, indicating growing optimism among analysts [6] - The increase in the consensus estimate, along with other factors, has led to a Zacks Rank 1 (Strong Buy) for Agnico, suggesting a favorable outlook for the stock [6]

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today May 17th:M-tron Industries, Inc. (MPTI) : This company which designs, manufactures and markets highly-engineered, high reliability frequency and spectrum control products and solutions, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.1% over the last 60 days.M-tron Industries has a PEG ratio of 0.64 compared with 1.49 for the in ...

Core Viewpoint - Gold is performing well in 2024 with a ~16% return YTD, and gold miners are also seeing decent performance, but the preference is for gold ETFs over miners due to rising production costs [3][5]. Gold Market Performance - Gold miners, particularly those in developing countries, face challenges such as increased labor and political unrest, leading to higher operating costs [3]. - Agnico Eagle Mines (AEM) has shown a strong performance with a ~26% YTD increase, outperforming peers like Newmont (4%) and Barrick (-4%) [3]. Production Costs - Newmont's all-in-sustaining costs (AISC) rose from mid-$900/oz in 2019 to $1485/oz in Q4 2023, significantly offsetting gains from higher gold prices [6]. - Agnico's AISC increased from mid-$900/oz in 2019 to $1,117/oz in 2023, with a guidance of ~$1,225/oz for 2024, indicating more stable cost growth compared to peers [6][7]. Jurisdictional Risk and Stability - AEM's focus on developed markets has historically led to lower margins, but current conditions favor its stability and margins due to a centralized footprint in economically stable areas [7]. - The company is expected to benefit from higher gold prices, especially as fiat currencies devalue globally [7]. Valuation and Profit Outlook - AEM's 2024 guidance projects a gold production outlook of 3.45Moz at a $1,225/oz AISC, leading to an expected pre-interest and tax profit of ~$3.97B [8]. - After accounting for net non-operating interest and taxes, the expected non-GAAP profit is ~$2.71B, resulting in a low P/E of 12.5X based on a market capitalization of $34B [8]. Investment Outlook - AEM is viewed as a better risk-reward opportunity compared to Newmont and Barrick due to its stable AISC and lower jurisdictional risk [9]. - The fair value of AEM is estimated at around $42 per share, with a forward P/E of 15-16X based on earnings estimates, indicating significant upside potential with rising gold prices [9].

Oat_Phawat AEM stock has outperformed Recently, gold miner stocks have attracted the attention of many investors thanks to the robust rally in gold prices. The theory behind owning gold miner stock is that investors will benefit from the increase in the price of gold while mitigating many downsides of owning gold (such as lack of active cash flow, lack of dividends, relatively high fees, etc.) However, a quick reality check would show that's not the case. The next chart compares the historical returns of go ...

Core Viewpoint - Agnico Eagle Mines (AEM) has shown strong stock performance recently, outperforming both the S&P 500 and its industry peers, indicating potential for continued growth in the near term [1] Earnings Estimate Revisions - Agnico is expected to report earnings of $0.82 per share for the current quarter, reflecting a year-over-year increase of +26.2%, with a significant upward revision of +50.5% in the last 30 days [2] - For the current fiscal year, the consensus earnings estimate is $3.17, indicating a +42.2% change from the previous year, with a +22.6% revision in the last month [3] - The next fiscal year's consensus estimate is $3.56, showing a +12.2% change year-over-year, with a +23.2% revision recently [3] - Agnico holds a Zacks Rank 1 (Strong Buy) due to the substantial changes in earnings estimates and other related factors [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is $1.72 billion, indicating a slight year-over-year increase of +0.1% [6] - For the current fiscal year, the sales estimate is $7.28 billion, reflecting a +9.8% change, while the next fiscal year's estimate is $7.35 billion, indicating a +1% change [6] Last Reported Results and Surprise History - In the last reported quarter, Agnico achieved revenues of $1.83 billion, a +21.2% increase year-over-year, and an EPS of $0.76 compared to $0.57 a year ago [7] - The company exceeded the Zacks Consensus Estimate for revenues by +12.82% and for EPS by +26.67% [7] - Agnico has consistently beaten consensus EPS and revenue estimates over the past four quarters [7] Valuation - Agnico's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing whether the stock is fairly valued compared to its historical values and peers [8] - The Zacks Value Style Score grades Agnico as C, indicating it is trading at par with its peers [10] Bottom Line - The combination of strong earnings revisions, consistent revenue growth, and favorable valuation metrics suggests that Agnico may outperform the broader market in the near term [11]

Core Viewpoint - Northern Europe, particularly Sweden, is identified as an advantageous region for mining operations, characterized by a favorable tax structure and a rich mining history [1][2]. Company Overview - First Nordic Metals is one of the largest mineral claimholders in Sweden, with its flagship asset being the 2.4-million-ounce gold Barsele project, developed in partnership with Agnico Eagle Mines [1]. - The company is led by Taj Singh, a seasoned mining executive with a successful track record, including significant growth at Discovery Silver and involvement in the acquisition of GT Gold by Newmont [1]. Industry Insights - The Scandinavian region is experiencing substantial capital expansion in the mining sector, with notable activities from companies like Agnico Eagle and Rupert Resources [1]. - The mining environment in Sweden is described as a "ready-set-go area," indicating readiness for new mining ventures due to its supportive infrastructure and regulatory framework [2].

Group 1 - Agnico Eagle Mines Limited (AEM) is positioned as an intriguing investment choice within the Mining - Gold sector due to solid earnings estimate revisions and a favorable Zacks Industry Rank [1][2] - The Mining - Gold industry currently holds a Zacks Industry Rank of 40 out of over 250 industries, indicating a strong position relative to other sectors [1] - Recent earnings estimate revisions for AEM show an increase from 54 cents to 82 cents per share for the current quarter, and from $2.51 to $3.17 per share for the current year, reflecting a more bullish outlook from analysts [2] Group 2 - AEM has achieved a Zacks Rank 1 (Strong Buy), highlighting its solid market position and potential for growth [2] - The combination of a strong industry ranking and positive estimate revisions makes AEM a compelling option for investors seeking opportunities in the Mining - Gold sector [2]

Group 1: Market Overview - The stock market is currently performing well, with major indexes trading positively despite the traditional "sell in May" trend [1][2] - The Dow Jones Industrial Average has seen its best week since December, approaching the 40,000 mark, while the S&P 500 and Nasdaq Composite have also recorded positive weeks [2] - The Federal Reserve has ruled out interest rate hikes in upcoming meetings, raising hopes for potential interest rate cuts due to cooling labor market conditions [2][3] Group 2: Consumer Spending and Economic Outlook - Declining job additions and weaker wage growth are expected to reduce consumer spending intentions, which may alleviate price pressures [3] - A favorable economic environment is anticipated, with the potential for lower borrowing costs boosting consumer expenditures [3] Group 3: Investment Opportunities - Investors are encouraged to consider fundamentally sound growth stocks, including Agnico Eagle Mines Limited, Abercrombie & Fitch Co., Amazon.com, Alphabet Inc., and Hess Corporation for solid returns [3] - These stocks have strong Zacks Ranks and Growth Scores, indicating promising investment opportunities [3] Group 4: Company-Specific Insights - **Agnico Eagle Mines Limited (AEM)**: A gold producer with a Zacks Rank 1 and a Growth Score of B; current-year earnings estimate has increased by 39.7% with an expected growth rate of 42.2% [4] - **Abercrombie & Fitch Co. (ANF)**: A specialty retailer with a Zacks Rank 2 and a Growth Score of A; current-year earnings estimate has risen by 3.2% with an expected growth rate of 20.1% [4] - **Amazon.com, Inc. (AMZN)**: A leading e-commerce provider with a Zacks Rank 2 and a Growth Score of A; current-year earnings estimate has increased by 11.8% with an expected growth rate of 56.6% [5] - **Alphabet Inc. (GOOGL)**: An innovative technology company with a Zacks Rank 1 and a Growth Score of B; current-year earnings estimate has risen by 11.8% with an expected growth rate of 30.5% [5] - **Hess Corporation (HES)**: An oil and natural gas exploration company with a Zacks Rank 1 and a Growth Score of B; current-year earnings estimate has increased by 25.3% with an expected growth rate of 81.6% [5]

Group 1: Strategic Education - Strategic Education (STRA) provides a range of post-secondary education and academic programs in the United States [1] - The company has a Zacks Rank of 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings has increased by 8.0% over the last 60 days [1] - Strategic Education has a PEG ratio of 1.24, which is lower than the industry average of 1.80 [1] - The company possesses a Growth Score of A [1] Group 2: Royal Caribbean Cruises - Royal Caribbean Cruises (RCL) owns and operates three global brands: Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises [2] - The company has a Zacks Rank of 1 (Strong Buy) [2] - The Zacks Consensus Estimate for its current year earnings has increased by 9.0% over the last 60 days [2] - Royal Caribbean Cruises has a PEG ratio of 0.43, significantly lower than the industry average of 1.43 [2] - The company possesses a Growth Score of B [2] Group 3: Agnico Eagle Mines - Agnico Eagle Mines (AEM) is a gold producer with mining operations in Canada, Mexico, and Finland, and exploration activities in Canada, Europe, Latin America, and the United States [2] - The company has a Zacks Rank of 1 (Strong Buy) [2] - The Zacks Consensus Estimate for its current year earnings has increased by 34.4% over the last 60 days [2] - Agnico Eagle Mines has a PEG ratio of 0.84, compared to the industry average of 1.37 [2] - The company possesses a Growth Score of B [2]