Agnico Eagle Mines (AEM) shares closed 3.3% higher at $174.21, driven by increased volume and a 6.3% gain over the past four weeks. The rise correlates with a gold price rally amid expectations of interest rate cuts and global uncertainties.
AEM is expected to report quarterly earnings of $2.01 per share, a 59.5% increase YoY, with revenues of $3 billion, up 35%. The stock holds a Zacks Rank #1 (Strong Buy) in the Mining – Gold industry. Keep an eye on AEM for potential future strength.
Barrick Mining (B) shares rose 2% to $44.73, returning 21.9% in the past month. The company is expected to post an EPS of $0.86, up 87% YoY, with a Zacks Rank of #1 (Strong Buy). Both AEM and B are part of the Zacks Mining – Gold industry with positive outlooks for growth and earnings.
Read more at Nasdaq: Agnico (AEM) Soars 3.3%: Is Further Upside Left in the Stock?
