Zacks rates our first idea today—a gold miner—‘Strong Buy’ based on rising volume and earnings estimates. Our second recommendation is a little profit-taking.
Agnico-Eagle Mines Limited (AEM)
From Jack Adamo’s Insiders Plus
Agnico-Eagle Mines Limited (AEM) should have a strong second half of 2019 and its life-of-mines profile looks good for the foreseeable future. I’ll continue to ignore its over-generous executive stock options program, since the rest of the world doesn’t seem to mind. Buy this position in Agnico-Eagle Mines up to $53. Take this second 2% position in the Main Portfolio.
Jack Adamo, Jack Adamo’s Insiders Plus, www.jackadamo.com, July 6, 2019