Agnico-Eagle Mines saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 93 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Agnico-Eagle Mines is currently extended beyond a proper buy zone after clearing the 71.50 buy point in a cup without handle.
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The stock sports a 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted 165% earnings-per-share growth for Q3. It has now posted accelerating EPS increases for two consecutive quarters. Sales growth climbed 31%, up from 21% in the prior quarter. That marks one quarter of rising revenue growth.
Agnico-Eagle Mines earns the No. 1 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold and Eldorado Gold are also among the group's highest-rated stocks.
