Agnico Eagle to Post Q4 Earnings: What's in the Cards for the Stock?

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].