貴金屬大放異彩，礦業股飆漲

在對通膨和地緣政治緊張局勢的持續擔憂中，貴金屬市場繼續獲得動力，黃金和白銀期貨創下新高。尋求收入和投資這一趨勢的投資者正在轉向支付股息的礦業股，如 Agnico Eagle Mines (AEM) 和 Pan American Silver (PAAS)。這些公司提供有吸引力的收益率，而分析師預計將巨大的上漲潛力，使它們在貴金屬領域具有引人注目的投資機會。

Gold and Silver's Stellar Ascent Fuels the Rise of Mining Stocks

黃金和白銀的強勁上漲推動了礦業股的上漲

As spring approaches, the precious metals market remains in the spotlight, showcasing unparalleled resilience. Gold futures (GCM24) scaled new heights in March, reaching a record high, while silver futures (SIK24) have also gained significant momentum, surging 10% over the past month. These price movements are not only driven by lingering inflation concerns and geopolitical tensions but also by a weakening U.S. dollar.

隨著春天的臨近，貴金屬市場仍然備受關注，展現出無與倫比的韌性。黃金期貨（GCM24）在3月再創新高，創下歷史新高，而白銀期貨（SIK24）也獲得了顯著的勢頭，在過去一個月裡飆升了10%。這些價格走勢不僅是由揮之不去的通膨擔憂和地緣政治緊張局勢推動的，也是由美元疲軟推動的。

Investors seeking to capitalize on this precious metals surge while generating regular income have long favored dividend-paying mining stocks. These companies offer exposure to rising gold and silver prices, supplemented by regular dividend payments, making them attractive options for income-oriented investors.

尋求利用貴金屬價格上漲同時產生定期收入的投資者長期以來一直青睞支付股息的礦業股。這些公司提供不斷上漲的黃金和白銀價格的風險敞口，並輔以定期股息支付，這使它們成為以收入為導向的投資者的有吸引力的選擇。

Unveiling Two Promising Mining Stocks with Strong Analyst Endorsements

推出兩隻備受分析師認可、前景光明的礦業股

Standing out amidst the mining sector are Agnico Eagle Mines (AEM) and Pan American Silver (PAAS), both of which have garnered "Strong Buy" ratings from analysts and possess substantial upside potential based on their mean price targets. These stocks not only provide consistent income through dividends but also hold the potential for significant capital appreciation.

在採礦業中脫穎而出的是Agnico Eagle Mines (AEM) 和Pan American Silver (PAAS)，這兩家公司都獲得了分析師的“強力買入”評級，並且根據其平均價格目標，擁有巨大的上漲潛力。這些股票不僅透過股息提供穩定的收入，而且還具有顯著的資本增值潛力。

1. Agnico Eagle Mines (AEM): A Respected Canadian Gold Mining Giant

1. Agnico Eagle Mines (AEM)：受人尊敬的加拿大金礦巨頭

Agnico Eagle Mines (AEM) is a formidable player in Canadian gold mining, operating projects across Canada and Mexico. The company has consistently rewarded shareholders with a quarterly dividend of $0.40 per share, translating to an annualized dividend rate of $1.60 per share. This dividend payout equates to a forward yield of 2.77%, providing a steady stream of income.

Agnico Eagle Mines (AEM) 是加拿大金礦開採領域的強大參與者，在加拿大和墨西哥經營計畫。該公司一貫以每股 0.40 美元的季度股息獎勵股東，相當於每股 1.60 美元的年化股息率。此次股息支付相當於 2.77% 的遠期殖利率，提供穩定的收入來源。

AEM's stock has performed remarkably well year-to-date, rising 8.7%, with an impressive gain of 24% in the past month alone. On the operational front, the company is pursuing an underground expansion at its Meliadine mine in Nunavut, aiming to extend gold production beyond 2030. Additionally, it has acquired 5.75 million shares in Prism Resources, bolstering its portfolio.

AEM 的股票今年迄今表現非常出色，上漲了 8.7%，光是過去一個月就上漲了 24%，令人印象深刻。在營運方面，該公司正在努納武特地區的Meliadine 礦場進行地下擴建，旨在將黃金產量延長至2030 年以後。此外，該公司還收購了Prism Resources 的575 萬股股票，增強了其投資組合。

Financially, AEM had a stellar year in 2023, reporting record gold production of 3.28 million ounces and an operating cash flow exceeding $2 billion. In Q4, the company's adjusted earnings of $0.57 per share surpassed analysts' expectations. For the full year, analysts anticipate a 3.1% increase in EPS to $2.30, with further growth to $2.62 projected for fiscal 2025.

從財務角度來看，AEM 在 2023 年表現出色，黃金產量達到創紀錄的 328 萬盎司，營運現金流超過 20 億美元。第四季度，該公司調整後每股收益0.57美元，超出分析師預期。分析師預計全年每股收益將成長 3.1%，至 2.30 美元，預計 2025 財年將進一步成長至 2.62 美元。

Analysts are overwhelmingly bullish on AEM, awarding it a consensus rating of "Strong Buy." Of the 13 analysts providing recommendations, 9 advocate a "Strong Buy," 3 suggest a "Moderate Buy," and only 1 recommends a "Hold." The mean target price for AEM is $63.94, representing a potential upside of approximately 7.2% from its current price. The Street-high price target of $71 implies an even more significant upside potential of 19%.

分析師普遍看好 AEM，一致給予其「強力買進」評級。在提供建議的 13 位分析師中，9 位建議“強力買入”，3 位建議“適度買入”，只有 1 位建議“持有”。 AEM 的平均目標價為 63.94 美元，較目前價格潛在上漲約 7.2%。 71 美元的市場高價目標意味著 19% 的更大上漲潛力。

2. Pan American Silver (PAAS): A Leading Silver Producer with a Diversified Portfolio

2. 泛美白銀（PAAS）：擁有多元化投資組合的領先白銀生產商

Pan American Silver Corp. (PAAS) is a Canadian primary silver producer boasting a diversified portfolio of assets spread across Mexico, Peru, Canada, Argentina, and Bolivia. While the company maintains a consistent dividend payment history, the dividend rate has fluctuated over time.

泛美白銀公司 (PAAS) 是一家加拿大原銀生產商，擁有多元化的資產組合，遍布墨西哥、秘魯、加拿大、阿根廷和玻利維亞。雖然該公司保持一致的股息支付歷史，但股息率隨著時間的推移而波動。

Currently, PAAS pays a quarterly dividend of $0.10 per share, equivalent to an annualized dividend rate of $0.40 per share and a forward dividend yield of 2.74%. Similar to AEM, PAAS shares have experienced significant gains in the past month, rising by 23.5%, propelled by the surge in precious metals prices.

目前，PAAS支付的季度股利為每股0.10美元，相當於每股年化股利率為0.40美元，遠期股利率為2.74%。與 AEM 類似，在貴金屬價格飆升的推動下，PAAS 股價在過去一個月大幅上漲，上漲 23.5%。

On the operational side, PAAS is implementing plans to enhance silver production at its La Colorada mine in Mexico through additional exploration and development. Furthermore, the company received approval from the Toronto Stock Exchange (TSX) to buy back over 18.2 million of its own shares, representing approximately 5% of its outstanding shares as of February 2024.

在營運方面，PAAS 正在實施計劃，透過額外的勘探和開發來提高墨西哥 La Colorada 礦的白銀產量。此外，該公司還獲得多倫多證券交易所 (TSX) 的批准，可以回購超過 1,820 萬股自己的股票，約佔截至 2024 年 2 月已發行股票的 5%。

In terms of earnings, PAAS reported revenue of $669.6 million for Q4 of 2023, surpassing estimates. However, the adjusted loss per share of $0.04 fell short of expectations. Analysts anticipate a full-year profit of $0.24 for fiscal 2024.

在獲利方面，PAAS 報告 2023 年第四季營收為 6.696 億美元，超出預期。然而，調整後每股虧損0.04美元，未達預期。分析師預計 2024 財年全年獲利為 0.24 美元。

Analysts are largely bullish on PAAS, with a consensus rating of "Strong Buy." Out of 9 analysts offering recommendations, 7 suggest a "Strong Buy," 1 recommends a "Moderate Buy," and 1 suggests a "Hold." The mean target price for PAAS is $20.19, indicating a potential upside of approximately 33.8% from the current price.

分析師普遍看好 PAAS，一致評級為「強力買進」。在提供建議的 9 位分析師中，7 位建議“強力買入”，1 位建議“適度買入”，1 位建議“持有”。 PAAS 的平均目標價為 20.19 美元，顯示較目前價格約有 33.8% 的潛在上漲空間。

Conclusion: Mining Stocks Offer a Compelling Gateway to Precious Metals

結論：礦業股為貴金屬提供了一個令人信服的途徑

Dividend investors seeking exposure to the rising tide of precious metals would be wise to consider Agnico Eagle Mines (AEM) and Pan American Silver (PAAS). These two mining stocks offer attractive dividend yields, coupled with substantial upside potential projected by analysts. Investing in these stocks presents a compelling opportunity to generate passive income while benefiting from the bullish momentum in the gold and silver markets.

尋求接觸貴金屬上漲趨勢的股息投資者應該考慮 Agnico Eagle Mines (AEM) 和 Pan American Silver (PAAS)。這兩隻礦業股的股息殖利率頗具吸引力，分析師預計還有巨大的上漲潛力。投資這些股票提供了一個產生被動收入的絕佳機會，同時受益於黃金和白銀市場的看漲勢頭。