AEM - Agnico Eagle Mines Limited

NYSE - NYSE Delayed Price. Currency in USD
40.60
+0.47 (+1.17%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close40.13
Open40.31
Bid39.48 x 1000
Ask43.68 x 800
Day's Range39.97 - 40.86
52 Week Range32.18 - 47.83
Volume1,547,168
Avg. Volume1,277,096
Market Cap9.508B
Beta (3Y Monthly)-0.56
PE Ratio (TTM)N/A
EPS (TTM)-1.40
Earnings DateFeb 8, 2017 - Feb 13, 2017
Forward Dividend & Yield0.50 (1.15%)
Ex-Dividend Date2019-02-28
1y Target Est50.34
Trade prices are not sourced from all markets
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  • Reuters2 days ago

    Agnico bets on high grade gold as it digs in Canada's remote north

    Agnico Eagle Mines is doubling down this year on Nunavut, Canada’s least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north. Investors have been rewarded for backing Agnico's strategy.

  • Recent Moves by Yamana Gold Put AUY Stock High up on the Buy List
    InvestorPlace2 days ago

    Recent Moves by Yamana Gold Put AUY Stock High up on the Buy List

    I don't know if the management team at Yamana Gold (NYSE:AUY) thought about the ramifications of selling its Chapada copper and gold mine in Brazil other than substantially reducing its debt. However, it's impossible not to think AUY stock will be affected by the move. Source: Shutterstock In a good way. InvestorPlace - Stock Market News, Stock Advice & Trading TipsAUY is now more attractive to potential suitors. Here's why. The Details of the SaleLundin Mining (TSX:LUN) is the company that bought Chapada. It is paying $800 million in cash for the mine with as much as an additional $125 million based on the price of gold, and another $100 million payment for fulfilling a couple of other considerations. You can read about the specifics here. Who is Lundin Mining? * 7 Tech Stocks With Too Much Risk, Not Enough Upside It's a Toronto-based company with a market cap twice the size of Yamana's. It produces mostly base metals like copper, zinc, and nickel. In 2019, Lundun Mining's production guidance for gold was just 4%. The Chapada acquisition adds 59,000 tonnes of copper and 121,000 ounces of gold. Yamana had plans to expand the gold production at the mine. Lundin's expected to focus on growing the copper production. Lundin's on the lookout for assets to buy; Chapada nicely fits the bill. For Yamana, the cash will lower its debt from $1.7 billion to approximately $900 million, reducing its debt as a percentage of its market cap, from 77% before the sale to 43% after. Yamana Production Post-ChapadaWith the sale of the copper-gold mine, Yamana becomes a pure-play precious metals company, with 2019 gold equivalent output (85% gold, 15% silver) of 1 million ounces, increasing to 1.02 million ounces in 2020 and 2021. Not only does Yamana's balance sheet get stronger, but its free cash flow could also benefit from the deal. It expects its annual capital expenditures to fall by approximately $47 million over the next three years despite committing an additional $25 million annually to exploration. The company's focus for its individual mines is annual production of at least 130,000 ounces, which gives it the size and scale necessary to make the mine worthwhile from a capital investment and profitability perspective. After Chapada, it will have seven out of eight mines producing at least this amount with its Minera Florida gold and silver mine in Chile expected to go over the minimum once it carries out further exploration activities at the site. The Bottom Line on AUY StockThe sale of Chapada makes it both a hunter with the financial wherewithal to buy assets from struggling miners, and an attractive M&A candidate to bigger precious-metal producers such as Agnico Eagle Mines (NYSE:AEM) and others searching for growth. My InvestorPlace colleague discussed the M&A situation in February:This is what Aaron Levitt wrote:"For investors, this creates an interesting scenario. Already, many gold stocks have moved higher over the last year as prices for the precious metal have increased, profitability has improved and the situation in the sector isn't so dire…But now, with the majors starting to wheel and deal, and the middle tier firms being forced to think about acquisitions as well, the whole sector should start to trade at a bit of a buyout premium. This is sort of exactly what happened back in 2006/2007 when the last round of major gold stock M&A happened."I can't say what's going to happen to AUY stock tomorrow or the day after.What I do know is that long term, Yamana's sale of Chapada puts AUY stock in a much better light. At current prices, if a gold play is your thing, I'd say buy away. If it drops below $2, I'd buy some more. In this case, addition by subtraction makes Yamana a better buy. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Recent Moves by Yamana Gold Put AUY Stock High up on the Buy List appeared first on InvestorPlace.

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  • Analysts Estimate Agnico Eagle Mines (AEM) to Report a Decline in Earnings: What to Look Out for
    Zacks7 days ago

    Analysts Estimate Agnico Eagle Mines (AEM) to Report a Decline in Earnings: What to Look Out for

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  • GlobeNewswire8 days ago

    White Gold Corp. Commences Exploration on Vertigo Discovery and Newly Identified Targets along Vertigo Trend on JP Ross Property

    White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce it has commenced its $13 million fully funded 2019 exploration program on its extensive 439,000 hectare land package, representing over 40% of the prolific White Gold District in Yukon, Canada. A total of 17,000m of diamond drilling and 7,500m of Reverse Circulation (“RC”) drilling is expected this season as part of the Company’s systematic data driven exploration plan backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).  Exploration activity has commenced on the JP Ross property focusing on expanding the footprint of the recent Vertigo discovery and other newly identified high priority targets along the 14km Vertigo Trend.

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  • Why Agnico Eagle Mines Limited (NYSE:AEM) Is A Financially Healthy Company
    Simply Wall St.10 days ago

    Why Agnico Eagle Mines Limited (NYSE:AEM) Is A Financially Healthy Company

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  • Here’s What Hedge Funds Think About Agnico Eagle Mines Limited (AEM)
    Insider Monkey17 days ago

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    Market Realist21 days ago

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    How Gold and Gold Miners Performed in Q1(Continued from Prior Part)Agnico Eagle Mines and IAMGOLD Among senior and intermediate gold miners (GDX) (GDXJ), analysts are most bullish on Agnico Eagle Mines (AEM). It has 83% “buy” and 17% “hold”

  • Yamana and Agnico Eagle: Is There More Upside in 2019?
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  • PR Newswirelast month

    Agnico Eagle Provides Notice of Release of First Quarter 2019 Results, Conference Call and Annual Meeting

    TORONTO , March 26, 2019 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM)  ("Agnico Eagle" or the "Company") today announced that it will release its first quarter 2019 ...

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