Agnico Eagle Mines (AEM) ended the recent trading session at $79.82, demonstrating a +0.45% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.77% for the day. At the same time, the Dow added 0.47%, and the tech-heavy Nasdaq gained 0.87%.Heading into today, shares of the gold mining company had lost 4.46% over the past month, lagging the Basic Materials sector's gain of 5.59% and the S&P 500's gain of 4.87% in that time.Market participants will be ...

The prospects for the Zacks Mining - Gold industry look bright, backed by the 27% gain seen in gold prices so far this year. The bullion is expected to end the year at around $3,000 an ounce, boosted by expectations of another rate cut by the Fed and a broader conflict in the Middle East.With gold prices expected to increase further on demand-supply imbalance, companies like Newmont (NEM) , Agnico Eagle Mines (AEM) , Barrick Gold Corporation (GOLD) , IAMGOLD (IAG) and Idaho Strategic Resources (IDR) are wel ...

A downtrend has been apparent in Agnico Eagle Mines (AEM) lately. While the stock has lost 5.3% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish cas ...

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. However, it isn't easy to find a great growth stock.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 Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...

Stock Symbol:  AEM (NYSE and TSX)TORONTO, Sept. 25, 2024 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today announced that it will release its third quarter 2024 results on Wednesday, October 30, 2024, after normal trading hours.Third Quarter 2024 Results Conference Call and WebcastAgnico Eagle's senior management will host a conference call on Thursday, October 31, 2024, at 11:00 AM (E.D.T.) to discuss the Company's financial and operating results.Via W ...

Since the last time I wrote about gold miner Agnico Eagle Mines Limited (NYSE: AEM ) in July, its price has seen an uptick of ~12%. This isn't surprising. Gold prices (CUR) continued rise coupled with the company's own robust production, further upside toManika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. ...

Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.Paul Harris Paul has more than 20 years of experience in the mining sector in investor relations, communications, research ...

Agnico Eagle Mines (AEM) closed the most recent trading day at $82.29, moving -0.33% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.03%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.2%.The gold mining company's stock has climbed by 2.13% in the past month, exceeding the Basic Materials sector's gain of 1.37% and the S&P 500's gain of 1.54%.Analysts and investors alike will be keeping a close eye on the performance of Agnico Ea ...

Summary of Agnico Eagle Mines Limited Conference Call Company Overview - **Company**: Agnico Eagle Mines Limited (NYSE:AEM) - **Event**: Denver Gold Forum Americas - **Date**: September 17, 2024 - **Participants**: Ammar Al-Joundi (President and CEO), Raj Roy (BMO Capital Markets) Key Points Industry Context - The discussion is framed within a gold price environment of $2,500, highlighting the importance of market conditions on investment strategies and company performance [2][12]. Company Strategy - Agnico Eagle's strategy is built on three pillars: 1. **Regional Focus**: The company operates in specific regions with geological potential for multiple mines over decades, emphasizing political stability [4][6]. 2. **Mining Expertise**: Agnico builds its own mines and invests heavily in exploration and technology [4][7]. 3. **Per Share Metrics**: The company prioritizes returns on a per-share basis rather than absolute size [4][10]. Competitive Advantages - Agnico has a competitive edge due to: - **Employee Retention**: The company has half the turnover rate of its peers, leading to more predictable production and lower costs [8][16]. - **Local Knowledge**: Strong relationships with local contractors and suppliers enhance operational efficiency [9][16]. - **Historical Growth**: Over the last 20 years, production has increased from 240,000 ounces to approximately 3.5 million ounces, with production per share rising by 2.5 times [9][10]. Financial Performance - The company has outperformed the S&P 500 and gold prices, achieving an 11% compounded return over 20 years when dividends are included [14]. - Agnico's all-in sustaining cost margin is reported at 52%, significantly higher than the industry average of around 30% [16]. - Free cash flow generation is strong, with approximately $1.5 billion expected, of which 90% is returned to shareholders through dividends and share buybacks [17][18]. Growth Opportunities - Upcoming projects include: - **Canadian Malartic**: Transitioning to underground mining, with potential production of 600,000 ounces annually and plans for a second shaft to increase capacity [18][19]. - **Detour Lake**: Expected to increase production from 700,000 ounces to over 1 million ounces annually [20]. - **Hope Bay Project**: Projected to yield 350,000 to 400,000 ounces annually [20]. - **San Nicolas**: Anticipated production of 200,000 ounces annually [21]. Capital Allocation and Returns - The company emphasizes capital discipline, ensuring that projects are internally funded while also returning capital to shareholders [25]. - Agnico has maintained a consistent dividend payment for 41 years, highlighting its commitment to shareholder returns [27]. Market Position - Agnico trades at a premium compared to peers, with management confident in the company's growth and operational efficiency [29]. Conclusion - Agnico Eagle Mines Limited remains focused on its established strategy of regional mining, per-share growth metrics, and maintaining competitive advantages through local expertise and operational efficiency, all while ensuring strong returns to shareholders [22][30].

Agnico Eagle Mines Limited (NYSE:AEM) Denver Gold Forum Americas September 17, 2024 11:00 AM ET Company Participants Ammar Al-Joundi - President and Chief Executive Officer Conference Call Participants Raj Roy - BMO Capital Markets Raj Roy [Starts Abruptly] follow a slightly different format for this it's going to be half presentation, half fireside chat and to speak to us today on Agnico we have President and Chief Executive Officer Ammar Al-Joundi. Ammar it's great to have you here. Ammar Al-Joundi Alrigh ...