Q: I am looking at adding to a small position in Agnico Eagle. What is the current P/E and would you be adding given the recent pullback and the volatility of the price of Gold?
Thank you
Tim
Thank you
Tim
5i Research Answer:
Gold is bouncing around as some of the 'fear' premium comes off. But we still like the sector's outlook and if rates move lower that should be positive for the sector. We would be comfortable buying AEM.