Agnico Eagle Mines Limited (AEM)
Chart Events
Performance Outlook
| Previous Close | 61.64 |
| Open | 60.95 |
| Bid | 60.30 x 1000 |
| Ask | 60.28 x 1000 |
| Day's Range | 59.88 - 62.03 |
| 52 Week Range | 31.00 - 89.23 |
| Volume | 572,134 |
| Avg. Volume | 1,232,609 |
| Market Cap | 14.482B |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | 28.53 |
| EPS (TTM) | 2.10 |
| Earnings Date | Feb 08, 2017 - Feb 13, 2017 |
| Forward Dividend & Yield | 1.40 (2.27%) |
| Ex-Dividend Date | Feb 26, 2021 |
| 1y Target Est | 88.54 |
Fair Value
Related Research
- Simply Wall St.
Agnico Eagle Mines (NYSE:AEM) Could Be A Buy For Its Upcoming Dividend
Agnico Eagle Mines Limited ( NYSE:AEM ) stock is about to trade ex-dividend in four days. Ex-dividend means that...
- SmarterAnalyst
Agnico Eagle’s 4Q Sales Disappoint Due To Higher Costs; Shares Drop 6%
Shares of Agnico Eagle Mines plunged 6% on Feb. 12 after the Canadian gold mining company reported higher per ounce production costs during the fourth quarter. Meanwhile, Agnico Eagle (AEM) posted earnings per share (EPS) of $0.84 during the fourth quarter, which came in ahead of the $0.65 expected by analysts. Revenue of $928.45 million missed analysts’ estimates of $952.87 million. Fourth-quarter net income declined year-on-year to $205.2 million from $331.7 million primarily due to impairment reversal of $223.4 million related to its Meliadine mine. This impact was partially offset by higher revenue on the back of increased average realized gold and silver prices. Despite a challenging 2020, the company ended fiscal 2020 with record quarterly gold production and its largest gold reserve base. Sean Boyd, CEO of Agnico Eagle sees the company’s gold production increasing by ~300,000 ounces in 2021 and a decline in total cash costs per ounce of 6%. Agnico’s production costs per ounce in 2020 were $838 compared with $735 in the prior year due to higher production costs at its Meadowbank complex and contractor cost pressures at its Kittila mine. The mining company sees 24% growth in expected production between 2020 to 2024. It forecasts total cash cost per ounce to be between $700 and $750 for 2021. Its midpoint for gold production guidance for 2021 and 2022 is 2.5 tonnes and 2.1 million tonnes respectively. (See Agnico Eagle stock analysis on TipRanks) On Feb. 10 J. P. Morgan analyst Tyler Langton initiated coverage on Agnico Eagle stock with a target price of $89.89 (upside potential of about 35%) and a Hold rating based on 1.75x NPV multiple and EV/BITDA of 10x for 2021. Tyler sees Agnico achieving lower cash costs and solid production growth over the next 5 years. The rest of the Street has a Moderate Buy consensus rating on the stock. That’s based on 4 Buys and 3 Holds. The average analyst price target of $88.48 implies about 33% upside potential from current levels. Related News: Lincoln Electric Posts Better-Than-Expected Quarterly Profit; Street Sees 5% Upside Chemours Quarterly Earnings Outperform; Shares Gain 3.3% Coca-Cola Posts Better-Than-Expected Quarterly Profit; Street Sees 14% Upside More recent articles from Smarter Analyst: American Axle Posts Lower 2020 Sales Amid Shutdowns; Shares Drop 7% CAE’s Quarterly Profit Lags Estimates Amid Air Travel Slump Nissan Denies Talks With Apple Over Autonomous Car Venture – Report Moody’s Posts Better-Than-Expected 4Q Revenue But Profit Disappoints
- Motley Fool
Agnico Eagle Mines Ltd (AEM) Q4 2020 Earnings Call Transcript
AEM earnings call for the period ending December 31, 2020.
