Agnico Eagle Mines (AEM) shares rose 3.3% to $174.21 in the last trading session, driven by increased trading volume and bolstered by rising gold prices amid economic uncertainties and interest rate cut expectations. Over the past month, AEM’s shares have gained 6.3%. The company is expected to report quarterly earnings of $2.01 per share, reflecting a year-over-year growth of 59.5%, with revenues projected at $3 billion, up 35% from last year.
In related news, Barrick Mining (B) shares increased by 2% to $44.73, marking a 21.9% return over the past month. Barrick’s upcoming earnings estimate also reflects significant growth, with an EPS forecast of $0.86, up 87% year-over-year. Both companies currently hold a Zacks Rank of #1 (Strong Buy).
