Agnico Eagle: Buy the Dip — Macro Tailwind Is Priced In, Time to Play Mean Reversion
Agnico Eagle (AEM) has retraced sharply from its 52-week highs as the initial macro-driven re-rating for gold producers runs into profit-taking. The stock is trading near oversold technicals with a P/E of ~14 and a $73.5B market cap. For traders willing to accept moderate risk, a mid-term long trade sized with prudent stops offers asymmetric reward…