Core Viewpoint - Agnico Eagle Mines Limited (AEM) is expected to report its fourth-quarter 2024 results on February 13, with anticipated strong performance driven by higher gold prices and robust production levels [1][2]. Revenue Estimates - The Zacks Consensus Estimate for AEM's revenues for the upcoming quarter is $2,097.2 million, indicating a year-over-year increase of approximately 19.4% [5]. Performance Factors - AEM's performance is likely to benefit from higher gold prices, which increased by roughly 27% last year due to strong demand from central banks, monetary easing in the U.S., global uncertainties, and heightened safe-haven demand amid geopolitical tensions [6]. - The estimated realized gold price for the fourth quarter is projected at $2,475 per ounce, reflecting a 24.9% year-over-year increase [6]. - Continued strong gold production is expected, with an estimated payable gold production of 818,809 ounces for the December quarter [9]. Cost Challenges - AEM faces challenges from rising production costs, with total cash costs per ounce of gold increasing by approximately 3% year-over-year in the third quarter of 2024. All-in-sustaining costs (AISC) also rose by about 6% year-over-year [10]. Earnings Prediction - The earnings ESP for AEM is -2.02%, and the Zacks Consensus Estimate for earnings for the fourth quarter is currently set at $1.17. The model does not conclusively predict an earnings beat for AEM this season [11][12].

Company Performance - Agnico Eagle Mines (AEM) closed at $98.96, with a daily increase of +0.37%, outperforming the S&P 500's gain of 0.36% [1] - Over the last month, AEM shares have increased by 18.28%, significantly surpassing the Basic Materials sector's gain of 7.62% and the S&P 500's gain of 2.11% [1] Earnings Forecast - The company is expected to release its earnings on February 13, 2025, with projected earnings of $1.17 per share, indicating a year-over-year growth of 105.26% [2] - Quarterly revenue is anticipated to be $2.1 billion, reflecting a 19.39% increase from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for AEM suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which considers these estimate changes, indicates a current rank of 3 (Hold) for AEM [5] Valuation Metrics - AEM is currently trading at a Forward P/E ratio of 20.78, which is higher than the industry average of 11.41, suggesting a premium valuation [6] - The company has a PEG ratio of 0.66, aligning with the average PEG ratio of the Mining - Gold industry [7] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [8]

Core Viewpoint - The market anticipates Agnico Eagle Mines (AEM) will report a year-over-year increase in earnings driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Agnico is expected to report earnings of $1.17 per share, reflecting a year-over-year increase of +105.3%, with revenues projected at $2.1 billion, up 19.4% from the previous year [3]. - The earnings report is scheduled for February 13, 2025, and could influence stock movement based on whether results exceed or fall short of expectations [2]. Estimate Revisions - The consensus EPS estimate has been revised 3.78% higher in the last 30 days, indicating a reassessment by analysts [4]. - A negative Earnings ESP of -2.02% suggests analysts have recently become bearish on Agnico's earnings prospects, complicating predictions of an earnings beat [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with a strong predictive power for positive readings [7][8]. - Agnico's historical performance shows it has beaten consensus EPS estimates in the last four quarters, with a notable surprise of +16.33% in the last reported quarter [12][13]. Industry Comparison - Kinross Gold (KGC), another player in the gold mining industry, is expected to report earnings of $0.23 per share, a year-over-year increase of +109.1%, with revenues projected at $1.11 billion, down 0.7% from the previous year [17]. - Kinross has an Earnings ESP of 8.70% and has consistently beaten consensus EPS estimates in the last four quarters, indicating a more favorable outlook compared to Agnico [18].

Group 1 - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum [2][10] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales to highlight attractive investment opportunities [3] - The Growth Score evaluates a company's future prospects by analyzing projected and historical earnings, sales, and cash flow to identify sustainable growth stocks [4] - The Momentum Score assists investors in capitalizing on price trends by assessing recent price changes and earnings estimate revisions [5] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking a balanced approach to value, growth, and momentum [6] Group 2 - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential returns [10] - The direction of earnings estimate revisions is crucial when selecting stocks, as a downward trend in earnings forecasts can indicate a higher risk of price decline [11] Group 3 - Agnico Eagle Mines Limited, a gold producer based in Toronto, has mining operations in Canada, Mexico, and Finland, and completed a merger with Kirkland Lake Gold in February 2022 [12] - AEM currently holds a Zacks Rank of 3 (Hold) with a VGM Score of A, indicating a solid position in the market [12] - AEM's Momentum Style Score is A, with shares increasing by 18.3% over the past four weeks, and analysts have revised earnings estimates upwards for fiscal 2024 [13]

The Offer has now expired and Agnico Eagle has taken-up and acquired 95.6% of the issued and outstanding O3 Mining shares Agnico Eagle and O3 Mining will enter into an amalgamation agreement under which Agnico Eagle will acquire all remaining O3 Mining shares by way of amalgamation Remaining O3 Mining shares (other than shares held by dissenting shareholders) and warrantholders who exercise their warrants after the amalgamation will receive $1.67 per share in cash Questions or Need Assistance? Contact Laur ...

Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering from Texas A&M with a focus on applied mathematics and machine learning.Samuel leads the High Yield Inve ...

In a recent article , the importance of being very selective when choosing a gold miner to invest in was discussed. It’s easy to see why when you look at the really ugly charts for Newmont (I have been an active trader for more years than I can remember, During that time I have gained experience in investing in just about everything; commodities, stocks, options, and an occasional flutter with futures contracts. Fortunately, I have had some success, which has enabled me to retire from the 9 – 5.Analyst’s Di ...

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In the latest trading session, Agnico Eagle Mines (AEM) closed at $89.97, marking a +0.56% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.92%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 2.03%.Shares of the gold mining company have appreciated by 14.93% over the course of the past month, outperforming the Basic Materials sector's gain of 1.86% and the S&P 500's gain of 0.81%.The investment community will b ...

Stock Performance - Agnico Eagle Mines (AEM) closed at $89 23, up 0 71% from the previous session, outperforming the S&P 500 (0 61%), Dow (0 3%), and Nasdaq (1 28%) [1] - The stock has risen 12 54% in the past month, leading the Basic Materials sector (2 33%) and the S&P 500 (2 08%) [1] Earnings and Revenue Expectations - The company is expected to announce earnings of $1 14 per share on February 13, 2025, marking a 100% year-over-year growth [2] - Revenue is forecasted at $2 1 billion, a 19 39% increase compared to the same quarter last year [2] Analyst Estimates and Revisions - Recent changes to analyst estimates reflect short-term business trends, with positive revisions indicating confidence in the company's performance [3] - Estimate revisions are correlated with near-term share price momentum [4] Valuation Metrics - Agnico Eagle Mines has a Forward P/E ratio of 18 76, higher than the industry average of 9 98 [6] - The company's PEG ratio is 0 59, matching the industry average, indicating a balance between price and expected earnings growth [6] Industry Ranking - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 80, placing it in the top 32% of all industries [7] - Industries in the top 50% outperform the bottom half by a factor of 2 to 1 [7]