Top Pick DetailsSecond stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/brian-madden-s-top-picks~2919881
Agnico Eagle Mines (AEM TSX)
Agnico-Eagle is Canada’s largest gold miner, since completing its transformational merger with Kirkland Lake Gold in 2022. The shares are almost a pure play on gold, unlike some of the other polymetallic producers, with 2024 planned production of 3.45 million ounces and revenues comprised 99 per cent of gold and one per cent silver. The company has paid a dividend every year since 1983 and has increased its dividend by 17 per cent per annum on average over the past decade, such that the shares now yield 2.4 per cent, which is well above the ten-year average dividend yield of 1.7 per cent the shares have historically offered. With 12 producing mines in Canada, Finland, Mexico and Australia, single mine concentration risk is low, and political risk is negligible in these mining-friendly jurisdictions. The company has a well-deserved reputation among investors for credibility and execution against strategy, as its history of exceeding production guidance in nine of the last ten years and its record of exceeding consensus earnings forecasts in 18 of the last 20 quarters demonstrates.
TOP PICK
Agnico-Eagle Mines(AEM-T)
10/05/2024
One the world's largest gold producers (Canada's largest). Pure play on gold (99% of production). Has paid dividend since 1983 - grown at 17% compounding rate. 12 operating mines across the globe. Not facing geopolitical risk with strong management team. Dividend at ~4% is very safe. Good name to own if bullish on gold.
Precious Metals
Brian Madden
$93.530
Owned