Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Agnico Eagle Mines (AEM) .Agnico currently has an average brokerage recomm ...

Agnico Eagle Mines Limited (NYSE:AEM) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Ammar Al-Joundi - President and Chief Executive Officer Jamie Porter - Executive Vice President of Finance and Chief Financial Officer Dominique Girard - Executive Vice President and Chief Operating Officer, Nunavut, Quebec and Europe Natasha Vaz - Executive Vice President and Chief Operating Officer, Ontario, Australia and Mexico Guy Gosselin - Executive Vice President of Exploration Carol ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy wit ...

Second Quarter 2024 Results August 1, 2024 How to Build a High-Quality, How to Build a High Quality, Low-Risk Senior Gold Producer Low Risk Senior Gold Producer AGNICO EAGLE Notes to Investors Forward-Looking Statements The information in this presentation has been prepared as at July 31, 2024. Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" und ...

Agnico Eagle Mines Limited (AEM) reported adjusted earnings of $1.07 per share in the second quarter of 2024, up from 65 cents in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of 93 cents.The company generated revenues of $2,076.6 million, up nearly 21% year over year. The top line surpassed the Zacks Consensus Estimate of $1,719 million. Operational HighlightsPayable gold production was 895,838 ounces in the reported quarter, up from 873,204 ounces in the prior-year quarter. The ...

Company Performance - Agnico Eagle Mines (AEM) has shown a year-to-date performance increase of approximately 40.7%, significantly outperforming the Basic Materials sector, which has returned an average of -2.4% [2] - The Zacks Consensus Estimate for AEM's full-year earnings has increased by 8.5% over the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [2] - Agnico Eagle Mines currently holds a Zacks Rank of 2 (Buy), suggesting a favorable investment position [1][2] Industry Comparison - Agnico Eagle Mines is part of the Mining - Gold industry, which has gained an average of 22.9% this year, indicating strong performance relative to the sector [3] - In contrast, Lundin Mining (LUNMF), which operates in the Mining - Non Ferrous industry, has a year-to-date return of 23.2% and a Zacks Rank of 2 (Buy) [2][3] - The Mining - Non Ferrous industry is currently ranked 65, while the Mining - Gold industry ranks 56 in the Zacks Industry Rank [3]

Yelena Rodriguez Mena/iStock via Getty Images Introduction Approximately one year I reviewed the Q2 financial results for Agnico Eagle Mines Limited (NYSE:AEM) and gave the company a 'Strong Buy' rating and commented that "If I could only hold one gold miner then Agnico Eagle would be it" The price at publication was $51.32 and recently Agnico closed on Friday 26th of July 2024 at $73.40 registering a gain of 43.02% which is not too shabby. Today, I will take a look at the Q2 financial results for 2024 to s ...

Agnico Eagle Mines (AEM) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.05%. A quarter ago, it was expected that this gold mining company would post earnings of $0.60 per share when it actually produced earnings of $0.76, delivering a surprise of 26.67%.Over the last four quarters ...

| --- | --- | |----------------------------|--------------| | | | | | Exhibit 99.1 | | | | | AGNICO EAGLE | | | Second Quarter Report 2024 | | | | | AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS (Prepared in accordance with International Financial Reporting Standards) For the Three and Six Months Ended June 30, 2024 This Management's Discussion and Analysis ("MD&A") dated July 31, 2024 of Agnico Eagle Mines Limited ("Agnico Eagle" or the "Company") should be read in conjunction with the Co ...

Core Insights - Gold prices have risen 14.6% in 2023 and an additional 12.2% in the first half of 2024, with J.P. Morgan forecasting an average price of $2,500 per ounce in Q4 2024 [1] Group 1: Agnico Eagle Mines - Agnico Eagle has become one of the largest gold producers, with projected gold production between 3.35 million ounces and 3.55 million ounces in 2024, up from 240,000 ounces in 2005 [2] - The company reported a record free cash flow of $947 million in 2023, equating to $1.91 per share, which comfortably covered its dividend of $1.60 per share [3] Group 2: Franco-Nevada - Franco-Nevada operates as a royalty and streaming company, providing upfront capital to mining companies and receiving a percentage of the mined minerals, with 63% of its revenue coming from gold in Q1 2024 [4] - The company has no debt, making it an attractive option for risk-averse investors [4] Group 3: Newmont - Newmont, with a market capitalization of $53.7 billion, forecasts gold production of 6.9 million ounces in 2024, but its stock has only risen 9% despite a 22% increase in gold prices over the past year [5] - The company reduced its quarterly dividend from $0.40 to $0.25 per share in February, aiming to optimize its portfolio, but plans to repurchase $1 billion in stock over the next two years [6] - Newmont shares are currently valued at 9.8 times operating cash flow, close to their five-year average of 9.9, presenting a potential buying opportunity [6] Group 4: Investment Considerations - Both Agnico Eagle and Newmont offer forward dividend yields of 2.2%, with Agnico Eagle being more appealing for its strong free cash flow, while Newmont may attract those looking for a less expensive valuation [8] - Investors seeking indirect exposure to gold may find Franco-Nevada a suitable option to diversify their holdings [8]