Yahoo Finance Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Agnico Eagle Mines (AEM)
Toronto, Canada-based Agnico Eagle Mines Limited is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. It successfully completed its merger with Kirkland Lake Gold in February 2022.
AEM is a Zacks Rank #1 (Strong Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 42.2% year-over-year for the current fiscal year, with sales growth of 9.8%.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.90 to $3.17 per share. AEM also boasts an average earnings surprise of 16.5%.
Looking at cash flow, Agnico Eagle Mines is expected to report cash flow growth of 23.5% this year; AEM has generated cash flow growth of 62.7% over the past three to five years.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AEM should be on investors' short lists.
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Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report
