Latest news with #AgnicoEagleMines
Yahoo
3 days ago
- Business
- Yahoo
Canaccord Genuity Increases PT on Agnico Eagle Mines from $143.23 to $152.68, Keeps Buy Rating on the Stock
Agnico Eagle Mines Limited (NYSE:AEM) is one of the Best Gold Mining Companies to Buy Now. On July 23, Canaccord Genuity increased the price target on Agnico Eagle Mines Limited (NYSE:AEM) from $143.23 to $152.68, keeping its Buy rating on the stock. Canaccord Genuity analyst Carey MacRury raised the price target on AEM following strong Q2 FY2025 results. The company posted record financial results, with revenue of $2.8 billion, exceeding estimates by $115.07 million. The adjusted earnings came in at $1.94 per share, surpassing consensus by $0.14. The company improved its financial position with $1.3 billion in FCF and repurchasing shares worth $100 million, alongside $550 million in debt repayments. The robust results were driven by gold production of around 866,000 ounces and a high realized gold price of $3,288 per ounce. A representation of gold bars, highlighting the companies success in their gold industry. The analyst remains positive as the company made significant progress on important projects, including record gold production at Odyssey and Macassa. Agnico Eagle Mines had the best mill throughput at Detour for the second quarter. Moreover, the company continues to invest in future growth with projects, including Detour, Hope Bay, Malartic, San Nicolas, and Upper Beaver. These projects could substantially increase the gold production capacity. Agnico Eagle Mines Limited (NYSE:AEM) is a gold mining company. It engaged in the exploration, development, and production of precious metals, including gold, silver, zinc, and copper. While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Canaccord Raised the Firm's PT on Agnico Eagle Mines Limited (AEM), Kept a Buy Rating
Agnico Eagle Mines Limited (NYSE:AEM) is one of the Best Performing Canadian Stocks So Far in 2025. On July 31, Canaccord raised the firm's price target on Agnico Eagle Mines Limited (NYSE:AEM) from C$210 to C$215, while maintaining a Buy rating on the stock. Canaccord raised the firm's price target on the stock after the company reported its second-quarter results for 2025. Agnico Eagle Mines Limited (NYSE:AEM) delivered $2.82 billion in revenue, up 35.61% and ahead of expectations by $115.07 million. Moreover, the EPS of $1.94 also exceeded expectations by $0.14. Management noted that its high-quality assets generated record free cash flow, which more than doubled when compared to the previous quarter. A macro view of a gold mine, with miners hard at work in the foreground. The company produced 866,029 ounces of payable gold at production costs of $911 per ounce. Management noted that this production was led by key mines including Canadian Malartic, LaRonde, Macassa, and Fosterville. The company has maintained its guidance of 3.3 to 3.5 million ounces of gold production, with total cash costs expected between $915 and $965 per ounce. Agnico Eagle Mines Limited (NYSE:AEM) is a senior gold mining company headquartered in Canada, with operations in Canada, Australia, Finland, and Mexico. While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
6 days ago
- Business
- Globe and Mail
Can Agnico Eagle's Ultra-Low Leverage Fuel Bigger Growth?
Agnico Eagle Mines LimitedAEM has made further progress in strengthening its balance sheet, underscoring its commitment to financial discipline. The company remains focused on paying down debt using excess cash, with long-term debt reducing by $550 million sequentially to $595 million at the end of the second quarter. It ended the quarter with a significant net cash position of $963 million, driven by the increase in cash position and reduction of debt. AEM's long-term debt-to-capitalization is just around 2.8%, indicating lower financial risks. This sharp deleveraging, which would lead to reduced interest expenses, was driven by strong free cash flow generation. AEM has a robust liquidity position and generates substantial cash flows, which allow it to maintain a strong exploration budget, finance a strong pipeline of growth projects, pay down debt and drive shareholder value. It recorded second-quarter free cash flow of $1,305 million, more than doubling the prior-year quarter figure of $557 million. This was backed by the strength in gold prices and robust operational results. The company's aggressive deleveraging efforts have rendered enhanced financial flexibility, underpinning confidence in its capacity to fund growth and drive shareholder returns without over-reliance on external financing. Agnico Eagle's ultra-low debt profile also offers a competitive edge in addition to bolstering its ability to reinvest in exploration and development projects. Looking across the peer landscape, Kinross Gold Corporation KGC has also taken steps to improve its leverage profile, thanks to strong free cash flow generation. Kinross improved its net debt position to around $100 million at the end of the second quarter from $540 million in the prior quarter. Notably, Kinross' second-quarter free cash flow surged roughly 87% year over year and 74% from the preceding quarter. Newmont CorporationNEM is balancing deleveraging with post-Newcrest acquisition integration and asset streamlining through strategic non-core divestments. Newmont retired $372 million of debt during the second quarter. Newmont ended the second quarter with net debt of $1,422 million, down from $3,221 million at the end of the prior quarter. The Zacks Rundown for AEM Agnico Eagle's shares have rallied 72.9% year to date against the Zacks Mining – Gold industry's rise of 72.6%, driven by an upswing in gold prices. Image Source: Zacks Investment Research From a valuation standpoint, AEM is currently trading at a forward 12-month earnings multiple of 19.55, a roughly 45.2% premium to the industry average of 13.46X. It carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AEM's 2025 and 2026 earnings implies a year-over-year rise of 64.1% and 0.8%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days. Image Source: Zacks Investment Research AEM stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
10-08-2025
- Business
- Yahoo
Agnico Eagle (AEM) Delivers Record Q2 Earnings with Strong Gold Output
Agnico Eagle Mines Limited (NYSE:AEM) is one of the best Canadian gold stocks to buy according to hedge funds. On July 30, the company reported record second-quarter 2025 earnings, driven by a high realized gold price of $3,288 per ounce and strong operational execution. Revenue for the quarter came in at $2.8 billion, beating prior projections and up year-over-year. Net income reached $1,069 million ($2.13 per share), with adjusted net income touching $976 million ($1.94 per share). Free cash flow hit a record $1.3 billion, more than doubling from the prior quarter. The company also stated that it returned approximately $300 million to shareholders in Q2 via $200 million in dividends and $100 million in share buybacks. During the quarter, the company produced 866,000 ounces of gold and 1.74 million ounces for the first half of 2025, remaining on track with its full-year guidance. As a result, management reaffirmed the full-year 2025 production guidance (3.3–3.5 million ounces of gold). The company expects to end 2025 with $2.2–$2.5 billion in cash and is focused on accelerating high-value project development. Agnico Eagle Mines Limited (NYSE:AEM) is one of Canada's largest gold producers. It explores, develops, and operates gold properties across North America and Europe, with major assets including the Detour Lake and Canadian Malartic mines in Ontario and Quebec, the LaRonde Complex in Quebec, and the Meadowbank Complex in Nunavut. The company's primary output is gold bullion, extracted through a mix of open-pit and underground mining methods. While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Top 10 Medical AI Companies to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-08-2025
- Business
- Yahoo
Jim Cramer on Agnico Eagle: 'One of the Best Operators in Space, Maybe the Best'
Agnico Eagle Mines Limited (NYSE:AEM) is one of the stocks that Jim Cramer spoke about. During the episode, Cramer called the company his 'favorite.' He said: 'The price of gold has been on an incredible run this year, but some of the gold miners have done even better. Take Agnico Eagle Mines, my favorite, the Canadian company, that's one of the best operators in space, maybe the best. Here's a stock that's up almost 58% for the year, going into its earnings report last night, so expectations, I'd say pretty sky high, but Agnico Eagle still delivered a terrific top and bottom line beat with a stunning level of free cash flow generation. If the stock hadn't been up already so much, I think it would've just skyrocketed. Still, it finished at 0.80% up.' Copyright: tomas1111 / 123RF Stock Photo Agnico Eagle Mines (NYSE:AEM) is a gold mining company involved in the exploration, development, and production of gold and other precious metals, including silver, zinc, and copper. While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
