TOP PICK
Agnico-Eagle Mines(AEM-T)
18/05/2023
Stockchase Research Editor: Michael O'Reilly
This Canadian based producer of over 3 million ounces of gold, is the third largest producer in the world. It trades at 12x earnings and 1.6x book. Cash reserves are growing as debt is retired and shares are bought back. Its dividend is backed by a payout ratio under 35% of cash flow. We recommend a stop-loss at $52, looking to achieve $92 -- upside potential of 26%. Yield 2.1%
(Analysts’ price target is $91.85)
Precious Metals
$72.150