Agnico-Eagle Mines saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Agnico-Eagle Mines is currently forming a consolidation, with an 89.00 entry. See if the stock can break out in heavy trade at least 40% higher than normal.
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The stock sports a 97 EPS Rating, which means its recent quarterly and annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted a 165% earnings gain for Q3. That means it's now generated two straight quarters of rising EPS growth. Revenue growth rose 31%, up from 21% in the prior report. That marks one quarter of increasing revenue increases.
Agnico-Eagle Mines holds the No. 2 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold is the No. 1-ranked stock within the group.
