Agnico Eagle Stock Rallies 35% in 3 Months: What Should Investors Do?
Agnico Eagle Mines Limited (AEM) shares have shot up 35.4% in the past three months. The rally has been fueled by surging gold prices and AEM’s forecast-topping earnings performance on higher realized prices and strong production.AEM has topped the Zacks Mining – Gold industry’s 27.9% rise and the S&P 500’s decline of 6.9% over the past three months. Its gold mining peers, Barrick Gold Corporation (GOLD) , Newmont Corporation (NEM) and Kinross Gold Corporation (KGC) , have rallied 24.5%, 30% and 36.1%, resp ...