AGNICO EAGLE MINES (AEM) Stocks
ABOUT AGNICO EAGLE MINES
📊 Agnico Eagle Mines Limited is Canadian-based a gold producer that operates in northwestern Quebec, northern Mexico, northern Finland and Nunavut, Canada, Europe, Latin America, and the United States.
📊 It had its origin in 1953, when five struggling mining companies joined to become Cobalt Consolidated Mining. In 1957 its name was changed to Agnico Mines, the name derived from the periodic table of elements’ symbols for silver (Ag), nickel (Ni) and cobalt (Co).
📊 In 1963 Agnico Mines merged with Eagle Mines Ltd, a gold exploration company to become Agnico Eagle Mines Limited.
📊 It acquired more assets over the following years and in 2016 already was ranked as the 14th best of 92 oil, gas, and mining companies on indigenous rights in Arctic resource extraction. It is headquartered in Toronto.
OVERVIEW OF AGNICO EAGLE MINES
Agnico Eagle Mines Limited has almost 6 000 full time employees and operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.
Its flagship property is the LaRonde mine in the Abitibi region of north-western Quebec. As of the end of 2018, this mine had a proven and probable mineral reserve of approximately 3.1 million ounces of gold.
The company is also involved in exploration activities in Europe, Latin America and the United States.
VISION & VALUES OF AGNICO EAGLE MINES
Agnico Eagle Mines Limited is adamant to ensure its existing portfolio delivers on expectations, lowers operational risk and generates free cash flow.
They strive to build and maintain a high quality, best-in-class project pipeline to replenish reserves and production, while maintaining the quality, manageability and fit of their future portfolio.
Apart from production goals the company strives to develop and provide growth opportunities for their people, as well as the skills infrastructure to support development of their operations and projects.
Their purpose is to create value for shareholders while operating in a safe, and socially and environmentally responsible manner, contributing to the prosperity of employees, their families and the communities in which they operate.
Agnico Eagle Mines Limited adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.
MARKET PERFORMANCE OF AGNICO EAGLE MINES
Agnico Eagle Mines Limited’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol AEM listed in the Metals and Mining sector.
The company’s recent performance shows net income of $ 141.5 million in the first nine months of 2019. Cash provided by operating activities was $624.2 million ($603.5 million before changes in non-cash components of working capital), as compared to the first nine months of 2018 when cash provided by operating activities was $465.4 million ($495.1 million before changes in non-cash components of working capital).
Due to Agnico Eagle Mines Limited’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.
Buy AGNICO EAGLE MINES stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase AGNICO EAGLE MINES Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy AGNICO EAGLE MINES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN AGNICO EAGLE MINES STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE AGNICO EAGLE MINES STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of AGNICO EAGLE MINES stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy AGNICO EAGLE MINES stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?