Agnico-Eagle Mines - A Compelling Long-Term Chart …
A Miner To Be Excited About
Agnico-Eagle Mines is a senior Canadian gold mining company that has a market cap of about $35 billion. They are a large-scale producer, with operations in Canada, Finland, and Mexico. They have a very impressive balance sheet. They have been very consistent in terms of delivering, not only in terms of execution, but in terms of returning capital.A New Bull Market Emerging?
Agnico-Eagle Mines has been a great investment over the last 10 years, delivering a total return to shareholders of over 500%. However, the share price has been in a bit of a correction since the summer and is almost back to the price it was at at the beginning of 2022. The question now is whether this is a buying opportunity. The answer to that depends on what you think about the future of the price of gold and how much you believe in Agnico-Eagle Mines' ability to find and develop new gold deposits.If you believe, that the supply of gold is going to remain constrained and global demand continues to rise for gold as an inflation hedge, then Agnico-Eagle Mines is a great way to play the long-term bull market in gold.
Agnico-Eagle Mines is one of the best gold miners in the world and they are well-positioned to continue to deliver strong returns to shareholders in the years to come.
