Agnico Eagle Mines: Raising My Target Into Earnings, Strong FCF

mikulas1 Agnico Eagle Mines Limited (NYSE:AEM) has been among the best performing Materials-sector stocks since late in the first quarter when gold took flight. Shares have moved from the mid-$40s to mid-$70s in short order, and I reiterate a buy rating amid a better earnings outlook today compared with my previous analysis back in April. Shares are up more than 22% in total return since then, outperforming both the VanEck Gold Miners ETF (GDX) and the SPDR® Gold Shares ETF (GLD). The S&P 500 (SP500), for p ...