Staying on the topic Agnico Eagle
Agnico Eagle (TSX:AEM)(NYSE:AEM) is another top-notch gold miner that has delivered impressive earnings growth and revenue. This gold sector behemoth is gearing up to merge with Kirkland Lake Gold. I believe this deal will be a lucrative one, particularly if the price of gold starts gaining momentum.
Indeed, the Kirkland Lake deal is hard to ignore. For Agnico Eagle, this acquisition was done at what I view as a dirt-cheap price. While Kirkland Lake shareholders may have gotten the raw end of the deal, the reality is that the combined entity will have newfound market power and economies of scale investors should like. Accordingly, I think Agnico Eagle is a solid pick right now.
As Agnico ramps up production and focuses on higher-grade production, this company’s margins should improve. I’m forecasting much higher gold prices over the medium term, and view Agnico Eagle as one of the best gold miners in this space right now.
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