Here's Why Agnico Eagle Mines (AEM) is a Strong Momentum Stock

Zacks
05-29

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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 Momentum Style Score of B and VGM Score of B. Shares are up 1.9% over the past one week and up 0.3% over the past four weeks. AEM has gained 74.9% in the last one-year period as well. Looking at trading volume, an average of 3,654,738.50 shares exchanged hands over the last 20 trading days.

A company's earnings performance is important for momentum investors as well. For fiscal 2025, eight analysts revised their earnings estimate higher in the last 60 days for AEM, while the Zacks Consensus Estimate has increased $1.53 to $6.03 per share. AEM also boasts an average earnings surprise of 12.3%.

AEM should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

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Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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