AEM - Agnico Eagle Mines Limited
| Previous Close | 40.13 |
| Open | 40.31 |
| Bid | 39.48 x 1000 |
| Ask | 43.68 x 800 |
| Day's Range | 39.97 - 40.86 |
| 52 Week Range | 32.18 - 47.83 |
| Volume | 1,547,168 |
| Avg. Volume | 1,277,096 |
| Market Cap | 9.508B |
| Beta (3Y Monthly) | -0.56 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.40 |
| Earnings Date | Feb 8, 2017 - Feb 13, 2017 |
| Forward Dividend & Yield | 0.50 (1.15%) |
| Ex-Dividend Date | 2019-02-28 |
| 1y Target Est | 50.34 |
- Market Realist•15 hours ago
What Will Investors Look Forward to on Newmont’s Earnings Call?
What’s in the Cards for Newmont Mining’s Q1 Results?(Continued from Prior Part)Analysts’ expectations Analysts expect Newmont to report revenues of $1.83 billion for the first quarter. This estimate implies growth of 0.5% year-over-year. Its
- Reuters•2 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.
- InvestorPlace•2 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.
- Investopedia•5 days ago
Top Gold Stocks of April 2019
Here are some of the top gold stocks, drawn from among the largest gold mining and related companies in the world.
- Zacks•7 days ago
Analysts Estimate Agnico Eagle Mines (AEM) to Report a Decline in Earnings: What to Look Out for
Agnico (AEM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire•8 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.
Oilprice.com•9 days agoIs This The Most Important Gold Story Of 2019?
One of the world’s largest undeveloped gold resources is finally ready to be tapped, and the timing couldn’t be better
- Simply Wall St.•10 days ago
Why Agnico Eagle Mines Limited (NYSE:AEM) Is A Financially Healthy Company
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Agnico Eagle Mines Limited (NYSE:AEM), with a market cap of US$9.9b, often get neglected by retail investors. However, gener...
- Market Realist•10 days ago
Why Is Deutsche Bank Bullish on Gold?
Why Is Deutsche Bank Bullish on Gold?Gold price performance Gold prices (GLD) have risen 0.5% YTD (year-to-date) as of April 12—compared to the gain of 16.1% in the S&P 500 Index (SPY). The Dow Jones Industrial Average Index (DIA) and the
- ACCESSWIRE•15 days ago
This Gold Stock is on Fire
HENDERSON, NV / ACCESSWIRE / April 10, 2019 / Gold futures settled back above $1,300 an ounce on Monday for the first time in over a week, as a slump in the dollar helped the haven metal to rebound from ...
- Insider Monkey•17 days ago
Here’s What Hedge Funds Think About Agnico Eagle Mines Limited (AEM)
The fourth quarter was a rough one for most investors, as fears of a rising interest rate environment in the U.S, a trade war with China, and a more or less stagnant Europe, weighed heavily on the minds of investors. Both the S&P 500 and Russell 2000 sank as a result, with the Russell 2000, […]
Oilprice.com•18 days agoThe Biggest Gold Story Of 2019
Gold is hot once again, and this year’s biggest story is centered around an ancient gold mining district that, thanks to new tech, has received a new lease on life
- Zacks•20 days ago
New Strong Sell Stocks for April 5th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
Market Realist•21 days agoWall Street Ratings: Gauging Gold Miners’ Upside Potentials
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”
- Market Realist•22 days ago
Yamana and Agnico Eagle: Is There More Upside in 2019?
How Gold and Gold Miners Performed in Q1(Continued from Prior Part)Yamana and Agnico Eagle Yamana Gold (AUY) and Agnico Eagle Mines (AEM) outperformed the Gold Miners Index (GDX) and gold (GLD) in the first quarter of 2019, gaining 10.6% and 7.7%,
- Market Realist•22 days ago
Newmont Stock Will Take Cues from Its Goldcorp Merger Execution
How Gold and Gold Miners Performed in Q1(Continued from Prior Part)Newmont’s underperformance Newmont Mining (NEM) stock returned 3.2% in the first quarter, almost half the gains in the VanEck Vectors Gold Miners ETF (GDX) in the same period. It
- MoneyShow•24 days ago
A Rosy Picture for Gold Miners
Gold bottomed in 2013, it's now in a renewed 6 month rise and it's not so far away from its record highs. And with its leading indicator rising from the lows, it's painting a rosy picture for gold, asserts Mary Anne and Pamela Aden, editors of The Aden Forecast.
- PR Newswire•last 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 ...
- Zacks•last month
New Strong Sell Stocks for March 26th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today:
- TheStreet.com•last month
A Market Friendly Fed
The Fed is already about as dovish as they can get without hiking interest rates but they are sounding even more market friendly with the latest decision. In addition to the policy comments the Fed will stop running off its balance sheet later this year. It produces much scorn and ridicule among market players that are tired of an artificial and manipulated market, but their job is to trade the market not to judge monetary policy.
- Zacks•last month
New Strong Sell Stocks for March 19th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- Zacks•last month
Why Is Agnico (AEM) Up 4.4% Since Last Earnings Report?
Agnico (AEM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Simply Wall St.•last month
Is Agnico Eagle Mines Limited (NYSE:AEM) As Strong As Its Balance Sheet Indicates?
With a market capitalization of US$10b, Agnico Eagle Mines Limited (NYSE:AEM) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these bigRead More...
- Motley Fool•last month
5 Top Gold Stocks for 2019
These five gold stocks look best poised for riding any rally in gold prices during 2019.
