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Agnico Eagle Mines Limited (AEM)

NYSE - Nasdaq Real Time Price. Currency in USD
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59.91-1.73 (-2.81%)
As of 12:34PM EST. Market open.
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Engulfing Line (Bullish)

Engulfing Line (Bullish)

Previous Close61.64
Open60.95
Bid60.30 x 1000
Ask60.28 x 1000
Day's Range59.88 - 62.03
52 Week Range31.00 - 89.23
Volume572,134
Avg. Volume1,232,609
Market Cap14.482B
Beta (5Y Monthly)0.75
PE Ratio (TTM)28.53
EPS (TTM)2.10
Earnings DateFeb 08, 2017 - Feb 13, 2017
Forward Dividend & Yield1.40 (2.27%)
Ex-Dividend DateFeb 26, 2021
1y Target Est88.54
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-35% Est. Return
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  • Agnico Eagle’s 4Q Sales Disappoint Due To Higher Costs; Shares Drop 6%
    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

  • Agnico Eagle Mines Ltd (AEM) Q4 2020 Earnings Call Transcript
    Motley Fool

    Agnico Eagle Mines Ltd (AEM) Q4 2020 Earnings Call Transcript

    AEM earnings call for the period ending December 31, 2020.