|Bid||35.64 x 1200|
|Ask||35.65 x 1000|
|Day's Range||35.46 - 37.55|
|52 Week Range||35.46 - 51.86|
|PE Ratio (TTM)||38.96|
|Earnings Date||Feb 8, 2017 - Feb 13, 2017|
|Forward Dividend & Yield||0.44 (0.95%)|
|1y Target Est||53.29|
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Historically, Iamgold (IAG) has traded at a lower valuation than its peers. However, after its significant turnaround in 2017 and year-to-date, its discount compared to its peers has decreased. Among Iamgold’s (IAG) close peers, Agnico Eagle Mines (AEM), Yamana Gold (AUY), Eldorado Gold (EGO), and New Gold (NGD) have forward multiples of 11.3x, 5.7x, 6.7x, and 4.6x, respectively.
Goldcorp (GG) reported its Q2 2018 earnings on July 25, 2018, after the market closed and held its earnings conference call on July 26. It reported adjusted EPS of $0.02, which missed the consensus estimate by $0.05. Its revenues of $793 million missed the analyst estimate by ~9%. Lower production and foreign exchange currency costs were mainly responsible for the miss. The company reported that it lost $0.20 per share due to deferred tax balances. Goldcorp also missed analysts’ expectations for its Q1 2018 earnings.
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? After achieving record production of 109,000 ounces in the first quarter of 2018, Iamgold’s (IAG) Essakane mine reported weaker production in the second quarter. IAG maintained its guidance for Essakane to produce 380,000–395,000 ounces of gold in 2018.
Iamgold (IAG) generated revenues of $277.4 million in Q2 2018, which represents a YoY (year-over-year) growth of 1.1%. Its higher realized prices and higher sales at its Rosebel mine were offset by lower sales volumes at its Essakane and Westwood mines. Its attributable gold production was 214,000 ounces, which was 4% lower than Q2 2017.
Iamgold (IAG) reported its Q2 2018 results after the market closed on August 8. It reported EPS of $0.03, beating the consensus estimate by $0.02. Its revenues, however, missed the expectation, coming in at $277.4 million compared to the consensus of $301 million.
Kinross Gold (KGC) produced 602,049 gold equivalent ounces in Q2 2018, a 13% fall YoY (year-over-year). Higher production at Bald Mountain was partially offset by decline resulting from the above factors. In the Americas region, Bald Mountain’s production declined sequentially due to the timing of the ounces recovered from the heap leach pads.
Kinross Gold (KGC) released its Q2 2018 results after the market closed on August 1 and held the conference call the next day. Most of Kinross’s peers have already reported their Q2 2018 results. Barrick Gold (ABX), Goldcorp (GG), and Agnico Eagle Mines (AEM) missed their earnings estimates. Agnico Eagle Mines missed its earnings estimate by a wide margin and reported EPS of $0.01.
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What Sent Yamana Gold’s Stock Up 10% after Its Earnings Release? Yamana Gold’s (AUY) valuation multiples, which represent how much investors are willing to pay for a stock based on analysts’ estimates, has ranged between 4.3x and 9.8x over the last five years. Yamana is currently trading at a forward EV1-to-EBITDA multiple of 5.4x.
What Sent Yamana Gold’s Stock Up 10% after Its Earnings Release? Yamana Gold (AUY) announced the ramp-up of commercial production at its newest mine, Cerro Moro, on June 26. Currently, the mill throughput rate at Cerro Moro is ~900 tons per day, which is 90% of its capacity. Its gold and silver recovery rates are 91% and 87%, respectively.
Yamana Gold (AUY) released its Q2 2018 results after the market closed on July 26 and held a conference call the next day. Its EPS of $0.20 and revenue of $431.5 million were in line with market expectations. While its earnings didn’t surprise investors, the company’s production was higher than expected, boosting its stock by a whopping 10.1% on July 27.
Agnico Eagle's (AEM) Q2 earnings miss expectations due to lower gold production stemming from decline in throughput levels at Meadowbank.
Barrick Gold (ABX) reported AISC (all-in sustaining costs) of $856 per ounce and cost of sales of $882 per ounce in the second quarter. Its cost of sales reached 22.0%, and its AISC was 21.0% higher YoY (year-over-year). These costs were also higher than the company’s guidance ranges for the full year. However, some of these higher costs were anticipated by the company.
Barrick Gold (ABX) reported its second-quarter earnings on July 25 after the market closed and held its conference call the next day. The company reported adjusted EPS of $0.07, which missed analysts’ expectations by $0.04.
Coeur Mining (CDE) reported its second-quarter earnings on July 25 after the market closed. The company reported an EPS of $0.01, which beat the consensus expectations by $0.02. Coeur Mining’s revenues of $70 million missed the consensus estimate by $3 million. The company’s peers (GDX) missed the estimates as well including Barrick Gold (ABX), Goldcorp (GG), and Agnico Eagle Mines (AEM). Agnico Eagle missed the earnings estimates by a wide margin and reported an EPS of $0.01—compared to the consensus of $0.08. Goldcorp and Barrick Gold reported an EPS of $0.02 and $0. ...
Barrick Gold (ABX) reported its Q2 2018 earnings yesterday after the market closed. The company reported adjusted EPS of $0.07, which missed analysts’ expectations by $0.04. Its revenues amounted to $1.71 billion, which missed expectations by 6.0%. The results stood in contrast to the company’s Q1 2018 earnings beat. The stock’s momentum in after-hours trading was weak after the miss.
Goldcorp (GG) reported its Q2 2018 earnings on July 25 after the market closed. Goldcorp along with Barrick Gold (ABX), Agnico Eagle Mines (AEM), and New Gold (NGD) kickstarted the gold sector’s (GDX) earnings season yesterday. The company’s revenues and earnings came in below consensus expectations.
Agnico Eagle Mines (AEM) reported its second-quarter earnings on July 25 after the market closed. The company missed analysts’ consensus estimate of $0.08. Agnico Eagle Mines’ peers (GDX) including Barrick Gold (ABX), Goldcorp (GG), and New Gold’s (NGD) earnings missed the estimates in the second quarter. Agnico Eagle Mines’ revenues of $556 million were slightly ahead of the consensus expectations of $544 million.
On a per-share basis, the Toronto-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring gains, were 1 cent per share. The results missed Wall Street expectations. The average ...
Stock Symbol: AEM (NYSE and TSX) (All amounts expressed in U.S. dollars unless otherwise noted) TORONTO , July 25, 2018 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" ...
Agnico Eagle Mines (NYSE: AEM ) announces its next round of earnings Wednesday. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Wall Street analysts ...
Among the senior and intermediate gold miners, Agnico Eagle Mines (AEM) has the highest forward multiple of 12.1x, representing a premium of 18.0% to its last-five-year average multiple. As you can see in the graph above, AEM’s EBITDA margin is quite high. The company offers strong production growth, which is supported by a strong project pipeline.
Finally, the Fed raised rates for the second time this year on June 13 and upped its guidance to four rate increases in 2018. This lent additional strength to the U.S. dollar, putting pressure on gold. During June, gold fell $45.35 (3.5%), ending the month near its low for the year at $1,253.17 per ounce. Gold stocks outperformed gold in June, as the NYSE Arca Gold Miners Index (GDMNTR)2 and the MVIS Global Junior Gold Miners Index (MVGDXJTR)3 both fell 0.2%.