Why Agnico Eagle Mines (AEM) is a Top Growth Stock for the Long-Term

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market in the short term [1] Style Scores Breakdown - Value Score: Focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [2] - Growth Score: Evaluates a company's financial health and future growth potential through earnings, sales, and cash flow analysis [2] - Momentum Score: Assesses stock price trends and earnings outlook to identify optimal entry points for trading [2] - VGM Score: Combines Value, Growth, and Momentum Scores to highlight stocks with the best overall potential [3] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in stock selection [4] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [4] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [5] Company Spotlight: Agnico Eagle Mines (AEM) - Agnico Eagle Mines Limited is a gold producer with operations in Canada, Mexico, and Finland, and has a recent merger with Kirkland Lake Gold [6] - AEM holds a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong growth potential [6] - The company is projected to achieve year-over-year earnings growth of 53.4% for the current fiscal year, with upward revisions in earnings estimates [6]