Agnico Eagle Mines (AEM)
(Delayed Data from NYSE)
$63.47 USD
+0.98 (1.57%)
Updated Apr 18, 2024 04:00 PM ET
After-Market: $63.48 +0.01 (0.02%) 7:58 PM ET
3-Hold of 5 3
C Value C Growth B Momentum C VGM
Company Summary
Toronto, Canada-based Agnico Eagle Mines Limited is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. It successfully completed its merger with Kirkland Lake Gold in February 2022.
Agnico Eagle’s LaRonde mine in Quebec is one of Canada’s largest operating gold mines by gold reserves and has provided the company’s foundation for domestic and international expansion. The company produced 3,439,654 ounces of gold in 2023. Its proven and probable gold reserves (net of production) totaled 1,287 million tons ...
Company Summary
Toronto, Canada-based Agnico Eagle Mines Limited is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. It successfully completed its merger with Kirkland Lake Gold in February 2022.
Agnico Eagle’s LaRonde mine in Quebec is one of Canada’s largest operating gold mines by gold reserves and has provided the company’s foundation for domestic and international expansion. The company produced 3,439,654 ounces of gold in 2023. Its proven and probable gold reserves (net of production) totaled 1,287 million tons at the end of 2023.
The company’s revenues increased around 15% year over year to roughly $6,626 million in 2023. The company’s measured and indicated mineral resources increased 1% in 2023.
Agnico Eagle operates through two broader segments: Northern Business (95% of 2023 production) and Southern Business (5%).
Northern Business include the 100%-owned LaRonde and Goldex mines, and 100% interest in the Canadian Malartic mine, all based in Quebec, as well as the 100%-owned Meadowbank and Meliadine mines in Nunavut in northern Canada, and the 100%-owned Kittila mine in Lapland in northern Finland.
Southern Business consists of the 100%-owned Pinos Altos mine and Creston Mascota satellite mine, both in Chihuahua in northern Mexico as well as the 100%-owned La India mine in Sonora in northern Mexico.
On Apr 16, 2014, Agnico Eagle and Yamana Gold Inc. (AUY) entered into an agreement to jointly acquire 100% issued and outstanding common shares of Osisko Mining Corporation for a total consideration of roughly C$3.9 billion, or C$8.15 per share ($3.55 billion or $7.43 per share). The acquisition closed in June 2014. Under the agreement, Agnico Eagle and Yamana acquired 50% of Osisko, and set up a joint committee to operate the Canadian Malartic Mine (“CMC”) in Quebec.
In March 2018, Agnico Eagle acquired Yamana’s 50% indirect interest in the Canadian exploration assets of CMC, including the Hammond Reef and Kirkland Lake gold projects. The company now has 100% ownership of the CMC assets.
General Information
Agnico Eagle Mines Limited
145 KING STREET EAST SUITE 400
TORONTO, A6 M5C 2Y7
Phone: 212-588-5505
Fax: 416-367-4681
Web: http://www.agnicoeagle.com
Email: investor.relations@agnicoeagle.com
| Industry | Mining - Gold |
| Sector | Basic Materials |
| Fiscal Year End | December |
| Last Reported Quarter | 3/31/2024 |
| Earnings Date | 4/25/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 0.55 |
| Current Year EPS Consensus Estimate | 2.51 |
| Estimated Long-Term EPS Growth Rate | 26.60 |
| Earnings Date | 4/25/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 62.49 |
| 52 Week High | 64.20 |
| 52 Week Low | 43.25 |
| Beta | 1.06 |
| 20 Day Moving Average | 3,444,964.50 |
| Target Price Consensus | 69.27 |
| 4 Week | 11.75 |
| 12 Week | 27.66 |
| YTD | 13.93 |
| 4 Week | 16.25 |
| 12 Week | 23.75 |
| YTD | 8.20 |
| Shares Outstanding (millions) | 498.60 |
| Market Capitalization (millions) | 31,157.78 |
| Short Ratio | 1.00 |
| Last Split Date | NA |
| Dividend Yield | 2.56% |
| Annual Dividend | $1.60 |
| Payout Ratio | 0.72 |
| Change in Payout Ratio | -0.03 |
| Last Dividend Payout / Amount | 2/29/2024 / $0.40 |
Fundamental Ratios
| P/E (F1) | 24.94 |
| Trailing 12 Months | 28.02 |
| PEG Ratio | 0.94 |
| vs. Previous Year | 39.02% |
| vs. Previous Quarter | 29.55% |
| vs. Previous Year | 26.86% |
| vs. Previous Quarter | 6.95% |
| Price/Book | 1.60 |
| Price/Cash Flow | 12.01 |
| Price / Sales | 4.70 |
| 3/31/24 | NA |
| 12/31/23 | 5.54 |
| 9/30/23 | 5.26 |
| 3/31/24 | NA |
| 12/31/23 | 3.75 |
| 9/30/23 | 3.58 |
| 3/31/24 | NA |
| 12/31/23 | 2.09 |
| 9/30/23 | 1.99 |
| 3/31/24 | NA |
| 12/31/23 | 0.74 |
| 9/30/23 | 0.71 |
| 3/31/24 | NA |
| 12/31/23 | 16.53 |
| 9/30/23 | 15.97 |
| 3/31/24 | NA |
| 12/31/23 | 29.29 |
| 9/30/23 | 40.40 |
| 3/31/24 | NA |
| 12/31/23 | 35.60 |
| 9/30/23 | 47.10 |
| 3/31/24 | NA |
| 12/31/23 | 39.02 |
| 9/30/23 | 40.17 |
| 3/31/24 | NA |
| 12/31/23 | 2.21 |
| 9/30/23 | 2.21 |
| 3/31/24 | NA |
| 12/31/23 | 0.10 |
| 9/30/23 | 0.10 |
| 3/31/24 | NA |
| 12/31/23 | 8.73 |
| 9/30/23 | 8.95 |