Posts for Ticker ‘AEM’

Best Performing Sectors In Last Month: Hotel REITs, Home Furnishings, Car Rentals

Based on the TickerSpy index of major industry sectors, hotel REITs had the best performance of any group measured, up almost 60%.  At the head of the industry were Diamondrock (DRH) and LaSalle Hotel (LHO).

Home Furnishing Retail was a closed second, up 55% lead by Pier 1 (PIR) and Kirklands (KRK). Read More »

Posted on: April 24, 2009 – 8:54 am in Metals, REIT, , , , , , , ,

Cramer’s New Play For $1,600 Gold (AEM)

Jim Cramer came out on CNBC’s MAD MONEY tonight, predicting huge gains in gold and he thinks that the current sub-$1,000 per ounce prices may go to $1,600 per ounce.  He started talking about Basketball’s March Madness and a "Sweet 16" his "sweet 16" targets all revolve around "$16" for commodity prices.

Cramer thinks that most of these gold companies have no risk to earnings with prices rising higher and higher.  His new top pick in the gold sector for new buyers that haven’t bought a gold stock is Agnico-Eagle Mines Ltd. (NYSE: AEM).  He noted that it is growing production and is is the second lowest cost producer.  It also has a small uranium twist.  We’d note that is different than his "value pick" in gold he gave in early January, and that pick is actually up almost by 50% after a huge move today.  He recently featured Agnico’s CEO on CNBC, and said he was unprepared for how bullish he felt.

If you prefer a diversified strategy in gold or other commodities, we just gave a full list of our ETF and fund universe as several new gold-related trading instruments have been formed.

Cramer also talked up agriculture yet again, but he did give a new pick.  He’s also got a new pick to win from natural gas.

Jon C. Ogg
March 3, 2008

Posted on: March 3, 2008 – 6:43 pm in Cramer, Metals,

Top 10 Pre-Market Analyst Calls (AEM, MDRX, BP, CSCO, ENR, GRMN, SHW, STI, TGT, RIG)

These are the early bird analyst calls we are focusing on this Thursday morning at 247WallSt.com:

  • Agnico-Eagle Mines Ltd. (NYSE: AEM) cut to Neutral at UBS.
  • Allscripts (NASDAQ: MDRX) raised to Buy from Neutral at UBS.
  • BP (NYSE: BP) downgraded to Sell from Hold at Citigroup.
  • Cisco Systems (NASDAQ: CSCO) raised to Buy from Hold at Citigroup.
  • Energizer (NYSE: ENR) raised to Buy from Hold at Citigroup.
  • Garmin (NASDAQ: GRMN) raised to Outperform at Baird.
  • Sherwin Williams (NYSE: SHW) raised to Overweight from Neutral at JPMorgan.
  • SunTrust (NYSE: STI) cut to Underperform at Oppenheimer.
  • Target (NYSE: TGT) downgraded to Sell from Hold at Citigroup.
  • Transocean (NYSE: RIG) raised to Buy at Goldman Sachs.

Jon C. Ogg
February 21, 2008

Posted on: February 21, 2008 – 7:01 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AEM, NILE, BP, GLDN, PCZ, MXIM, NMX, OXY, QELP, BRCD, WDC, STX, ELX, RVBD)

These are not the only analyst and research notes out there affecting stocks the morning, but below are the top research calls that 24/7 Wall St. is focusing on in pre-market trading this Wednesday:

  • Agnico-Eagle Mines (AEM) raised to Buy at Merrill Lynch.
  • Blue Nile (NILE) raised to Buy from Hold at Citigroup.
  • BP plc (BP) downgraded to Neutral from Overweight at J.P.Morgan.
  • Golden Telecom (GLDN) downgraded to Neutral from Overweight at J.P.Morgan.
  • Maxim Integrated (MXIM) raised to Buy from Hold at Citigroup.
  • NYMEX Holdings (NMX) raised to Buy from Hold at Deutsche Bank.
  • Occidental Petroleum (OXY) raised to Overweight at Morgan Stanley.
  • Quest Energy Partners (QELP) off quiet period: started in coverage as Outperform at FBR, as Outperform at RBC Capital Markets and as Outperform at Wachovia.
  • Petro-Canada (PCZ) downgraded to Underweight at Morgan Stanley.
  • BANC OF AMERICA neutral on many tech names: Brocade (BRCD), Seagate (STX) & Western Digital (WDC) both started as Neutral.  Riverbed Tech (RVBD) started as Neutral. Emulex (ELX) started as BUY.

Jon C. Ogg
December 19, 2007

Posted on: December 19, 2007 – 8:02 am in Analyst Calls, , , , , , , , , , , , , ,

52-Week Highs For September 7, 2007 (AEM, ABX, BDE, DRYS, GLD, GOLD, INSW, IVGN, JNPR, NWK, NYB, PDX, PLMD, RICK)

Usually we cover 52-week lows as many traders look for the bottom fishing opportunities in battered and tattered stocks.  But on big down days it is often important to look at which shares put in 52-WEEK HIGHS.  Some of these didn’t close above their prior yearly highs, but you get the idea.  Here is how crummy the market was today:

DJIA            13113.38     -249.97     -1.87%
NASDAQ    2565.7          -48.62       -1.86%
S&P500      1453.55       -25.00       -1.69%

The prevailing thought is that if stocks stay strong on a weak and crummy weak, imagine how well they’d do in an up-market.  With strong gold you’ll notice a few gold names on here.  Among others are a few tech names, and surprisingly a topless bar operator (not kidding). Here goes:

AGNICO Eagle Mines (NYSE:AEM) $49.19; 52-week $27.24-$48.35
Barrick Gold Corp. (NYSE:ABX) $36.36; 52-week $26.94-$36.46
Bois d’Arc Energy (NYSE:BDE) $18.83; 52-week $12.49- $18.75
DryShips, Inc. (NASDAQ:DRYS) $76.92; 52-week $12.63-$76.45
streetTRACKS Gold Shares (NYSE:GLD) $69.39; 52-week $55.55-$69.08
InsWeb Corp. (NASDAQ:INSW) $8.90; 52-week $1.96-$8.80
***Invitrogen (NASDAQ:IVGN) $80.00; $54.70-$80.56
***Juniper Networks (NASDAQ:JNPR) $34.58; 52-week $16.50-$35.09
Network Equipment Tech (NYSE:NWK) $11.54; 52-week $4.06-$11.54
***New York Community Bancorp (NYSE:NYB) $18.41; 52-week $15.69-$18.43
Pediatrix Medical Group (NYSE:PDX) $62.52; 52-week $43.85-$61.69
***PolyMedica (NASDAQ:PLMD) $51.86; 52-week $35.82-$51.97
Randgold Resources Ltd. (NASDAQ:GOLD) $28.48; 52-week $19.10-$27.42
Rick’s Cabaret (NASDAQ:RICK) $11.41; 52-week $5.02-$11.21

***denotes stocks that hit new highs intraday but didn’t hold them

Jon C. Ogg
September 7, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: September 7, 2007 – 4:47 pm in HI/LOW, , , , , , , , , , , , , ,