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  5. AEM: Thoughts on this gold junior company with the runup in bullion? [Agnico Eagle Mines Limited]
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Q: Thoughts on this gold junior company with the runup in bullion?
Asked by David on April 11, 2024
5i Research Answer:

With the runup in gold, BTO has struggled, but it has a low valuation of 12.9X forward earnings, and it pays a good yield of 4%. Most of its cash flows are going towards CAPEX and dividends. We do not like the recent momentum, but with the runup in gold, we think it may be worth holding a while longer, while for a new position we like other names such as AEM, FNV, or KRR.