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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (23638)12/29/2016 6:40:06 AM
From: Goose94Read Replies (2) of 203655
 
Agnico Eagle Mines (AEM-T) top pick from Hap Sneddon on BNN.ca Market Call Wednesday Dec 28th '16

This very fresh top pick is about a longer-term bottoming in gold, and a selection based on best of breed. There are some producers far more leveraged to the price of bullion, however, Agnico is a top pick due to its robust exploration pipeline, the best profile of senior producers and a strong balance sheet. Not many producers have also added to their net asset value over the last few years. Technically, the stock has a first target of $68 with downside support at $50.00 (six per cent), setting up a decent risk-to-reward profile.
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