AllAnalyst Report
logoMorningstarOctober 29, 2020

Agnico Eagle Mines Limited: Agnico-Eagle’s 3Q Reflects Continued Recovery From COVID-19; but Lofty Gold Price Limits Upside

Symbols
AEM
Sector(s)
Basic Materials
Rating
Premium
Current Price
$64.47
Fair Value
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Economic Moat
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Stewardship
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Summary

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced nearly 1.8 million gold ounces in 2019. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.

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