Agnico Eagle: Growing Gold Miner

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About: Agnico Eagle Mines Limited (AEM)
by: Yunus Yenikalayci
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Yunus Yenikalayci
Event-driven
Summary

Capital spending program completed in 3Q2019, capex decreasing leading to free cash flow generation.

Global tensions could bring upside potential to the gold miner.

Golden cross between exponential moving averages happened in Q4 last year, upside momentum building up.

New mines commercially operational as exploration still continues.

Investor Takeaway

Agnico Eagle Mines (AEM) is a growth stock in a sector with traditionally high dividends and value characteristics are common. Short-term momentum to the long side increased and a major decline