A Wall Street investor, who's his claim to fame was betting against subprime mortgages by using credit default swaps, appears to be bullish on equities in the gold sector.
With inflation running hot and the U.S. dollar becoming stronger, a solid hedge for an investor could be gold mining stocks.
During times of recession, gold commodities tend to increase in value as the demand rises. Here are two gold mining stocks with generous dividend yields for a diversified portfolio.
Second-quarter earnings season was mostly bad news for North American precious metal miners. Several producers lowered their guidance for the second half of the year, and Bank of America analyst Lawson Winder lowered his price target for a handful of gold and silver miners on Monday.
Agnico Eagle Mines (NYSE:AEM) reported its Q2 earnings results on Wednesday, July 27, 2022 at 05:00 PM.
Here's what investors need to know about the announcement.
Earnings
Agnico Eagle Mines beat estimated earnings by 4.11%, reporting an EPS of $0.76 versus an estimate of $0.73.
Agnico Eagle Mines (NYSE:AEM) is set to give its latest quarterly earnings report on Wednesday, 2022-07-27. Here's what investors need to know before the announcement.
Analysts estimate that Agnico Eagle Mines will report an earnings per share (EPS) of $0.73.