Q: You suggest that AEM could be a buy at 100-110 ,but it is now at 143 .My position in this stock has doubled, I wonder if I should take "some" profit now , unless it is considered as a safe and interesting value even at 143.. Your point of vue will be very appreciated.
5i Research Answer:
Gold has been very strong and hitting all-time highs, and the gold sector has followed. With potentially falling interest rates gold could still do well. AEM still has risks, but we like it a lot if one wants sector exposure. We would manage a position size to reflect an investors' risk profile, but we would not view it as a SELL other than for risk management/portfolio reasons. EPS growth is expected in the 25% range this year and we take the strong stock move as a confirmation of positives, rather than a concern.