Agnico Eagle Mines: Undervalued Miner With Lower Risks As Gold Prices Soar
Agnico Eagle(AEM) seekingalpha.com·2024-05-17 03:41
Vitoria Holdings LLCGold is one of the top-performing assets in 2024, boasting a ~16% return YTD. Gold miners have also performed decently, with the gold miner ETF (GDX) rising similarly. As detailed recently regarding Newmont (NEM) and the large miner ETF GDX, I prefer gold ETFs such as (GLD) to miners. Although miners will likely rise with gold, their production costs are rising too quickly compared to gold, and many are not seeing equal profit growth. My neutral outlook on miners primarily focuses on ...