Agnico Eagle Mines Ltd
Analyst Price Target
Gold Prices Soar: Which Stocks Do Analysts Favor?
Kirkland Lake is first among analysts’ favorite gold stocks with 91% “buy” and 9% “hold” ratings. The target price implies a potential upside of 16%.
How’s COVID-19 Playing Differently on Oil and Gold Prices?
Usually, the correlation between gold prices and oil prices is positive for two main reasons. First, both are denominated in the US dollar.
Gold Prices: Cramer and Citigroup at Odds about Upside
Gold has been benefiting from the US-China trade war. However, some observers, such as Jim Cramer and Citigroup, disagree on what’s in store for gold.
Higher Gold Prices Help Agnico Eagle Mines Beat Q2 Estimates
Agnico Eagle Mines (AEM) released its Q2 2019 results on July 24 after the markets closed.
What Could Provide Upside to Gold Miners after Q2 Earnings?
Investors are usually interested in gold miners’ ability to generate FCF (free cash flow), as it helps them invest in future growth.
Which Gold Stocks Could Surprise Markets in Q2?
After the turnaround in gold prices that began at the end of 2018, the fortunes for gold stocks are also looking brighter.
Which Gold Stocks Do Analysts Love and Hate?
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
Will Gold Miners Soar in the Second Half as Gold Rises?
Gold prices have seen a reversal in the last month or so. The SPDR Gold Shares ETF (GLD) gained 8.0% in June alone.
Why Is Agnico Eagle Mines Analysts’ Favorite Gold Equity Bet?
According to the consensus compiled by Thomson Reuters, 17 analysts currently cover Agnico Eagle Mines (AEM).
Why Wall Street Loves These Five Gold Stocks
Among miners, Eldorado Gold (EGO), New Gold (NGD), IAMGOLD (IAG), and Barrick Gold (GOLD) have seen the highest gains of 50.6%, 44.4%, 40.3%, and 36.4%, respectively.
Analyzing Standard Chartered’s Bullish Gold Outlook
Standard Chartered precious metals analyst Suki Cooper is very positive about gold’s price outlook. As reported by CNBC, she said, “There’s a lot more interest in gold on a widespread basis. It’s not just tactical investors or ETF holders. it’s broad based.”
Gold and Miners: To Buy or to Hold?
Since lower interest rate expectations, a weakening US dollar, and geopolitical factors pushed gold above its long-term resistance of $1,350 per ounce, technical factors seem to have taken over.
Company & Industry Overviews
Which Gold Miners Beat Analysts’ Estimates in Q1?
During the first-quarter earnings season, there weren’t many clear-cut earnings beats among gold miners. Of the miners we’re discussing, only Agnico Eagle Mines (AEM) beat analysts’ earnings expectations thoroughly on both the top and bottom lines in the quarter.
How Kinross’s Financial Position Looks Compared to Peers
Kinross Gold’s (KGC) liquidity position at the end of the first quarter of 2019 was $1.8 billion.
Can Kinross Improve Cost Performance to Bridge Gap with Peers?
Kinross Gold (KGC) reported all-in sustaining costs of $925 per ounce in the first quarter, reflecting an increase of 9.3% YoY but an improvement of 3.7% sequentially.
Gold Miners: Wall Street Is Optimistic
Among senior and intermediate gold miners (GDX) (GDXJ), analysts are the most optimistic about Agnico Eagle Mines (AEM).
Which Gold Miners Have the Best Liquidity Profile?
At the end of the first quarter of 2019, Barrick Gold had a comfortable liquidity position and a cash balance of ~$2.15 billion.
A Look at These Gold Miners’ Financial Health after Q1 Results
Barrick Gold (GOLD) has been focusing on paying down debt for the last few years.
How Does Gold Miners’ Financial Leverage Look after Q1?
Newmont Mining and Barrick Gold had the highest financial leverage levels, as they made acquisitions at the peak of the commodity cycle.
How Barrick Gold’s Financial Leverage Compares with Peers
Investors have become cautious of miners’ escalating debt positions, the result of acquisitions at the peak of the cycle.
Gold and Miners Gain as Trade War Fear Makes a Comeback
The US-China trade war just got more dangerous. After some optimism last week with the two sides appearing to approach some sort of agreement, markets seem to have now lost all hope.
Gold: Analysts Are Bullish despite Weak Performance in 2019
Gold prices have fallen 3% YTD (year-to-date) as of April 26. Gold prices fell ~1.9% in 2018 and significantly underperformed broader markets.
Yamana Gold: Analysts’ Sentiments before Its Q1 Results
Among senior and intermediate gold miners (GDX) (GDXJ), Yamana Gold (AUY) is third based on the highest “buy” ratings from the analysts.
Yamana Gold: What to Expect from Its Q1 Results
Yamana Gold is scheduled to release its first-quarter results on May 1 after the market closes. The company will hold a conference call on May 2.
AEM’s Cash Harvesting Phase Is Coming Up
Agnico Eagle Mines’ (AEM) stock has significantly outperformed its peers year-to-date. Up to April 25, AEM’s stock has risen 43.1%.
AEM Beats Q1 Earnings and Revenue Estimates, Wall Street Bullish
Agnico Eagle Mines (AEM) released its Q1 2019 results yesterday and held the accompanying conference call today.
Newmont Mining Beats Q1 Earnings Estimates
Newmont’s gold production rose by 2% YoY to 1.23 million ounces.
Which Gold Equities Could Grow after Q1 Results Are Released
Agnico Eagle Mines’ (AEM) forward multiple of 10.3x, the highest among senior and intermediate gold miners, is 12% higher than its trailing-five-year average and 75% higher than its peers’ (GDX) (GDXJ).
Assessing Gold Miners’ Free Cash Flow This Year and Beyond
Investors are usually interested in gold mining companies’ (GDX) (GDXJ) ability to generate FCF (free cash flow), as it helps them invest in future growth.
Which Gold Stocks Could Beat Analysts’ Earnings Expectations in Q1?
Many gold miners (RING) are set to release their first-quarter results shortly. Analysts expect Barrick Gold’s (GOLD) EBITDA to rise 6.2% YoY (year-over-year) in the first quarter.
What’s Driving Analysts’ Revenue Estimates for Gold Miners
Analysts’ revenue estimates for gold miners (GDX) are important to track as they give us a good idea about their gold price (GLD) outlook and production.
Analysts Love These Gold Stocks
In the senior and intermediate gold miner space (GDX) (GDXJ), excluding royalty and streaming companies, analysts are most bullish on Agnico Eagle Mines (AEM), with ~78.0% recommending “buy” and 22.0% recommending “hold.”
Checking In on Gold Miners Ahead of Their Q1 2019 Results
Gold prices have fallen 3.6% this year after falling ~1.9% in 2018, significantly underperforming broader markets.
What Will Investors Look Forward to on Newmont’s Earnings Call?
Analysts expect Newmont to report revenues of $1.83 billion for the first quarter. This estimate implies growth of 0.5% year-over-year.
Why Is Deutsche Bank Bullish on Gold?
Gold prices (GLD) have risen 0.5% YTD (year-to-date) until April 12—compared to the gain of 16.1% in the S&P 500 Index (SPY).
Wall Street Ratings: Gauging Gold Miners’ Upside Potentials
Among senior and intermediate gold miners (GDX) (GDXJ), analysts are most bullish on Agnico Eagle Mines (AEM).
Company & Industry Overviews
Yamana and Agnico Eagle: Is There More Upside in 2019?
Yamana Gold (AUY) and Agnico Eagle Mines (AEM) outperformed the Gold Miners Index (GDX) and gold (GLD) in the first quarter of 2019.
Newmont Stock Will Take Cues from Its Goldcorp Merger Execution
Newmont Mining stock returned 3.2% in the first quarter, almost half the gains in the VanEck Vectors Gold Miners ETF in the same period.
How Gold and Gold Miners Performed in Q1
Gold prices (GLD) gained just 0.6% in the first quarter compared to the gain of 13% in the S&P 500 Index (SPY).
Do Analysts Want You to Buy Agnico Eagle Mines?
Currently, 18 analysts are covering Agnico Eagle Mines (AEM), as per the consensus compiled by Thomson Reuters.
Could Kinross Gold’s Balance Sheet Support Its Future Growth?
Kinross Gold’s (KGC) liquidity position at the end of the fourth quarter of 2018 reflected its strategic investments.
A Look at Kinross Gold’s Reserves and Resources Update
Kinross Gold (KGC) has maintained its gold price assumption of $1,200 per ounce for estimating reserves and $1,400 per ounce for estimating resources since 2011.
Can KGC’s Projects Aid Its Production Profile in the Medium Term?
The Tasiast expansion project is very important for Kinross Gold (KGC) when it comes to replacing its maturing production.
Why Kinross Gold’s Production Growth Could Remain Muted for Years
Kinross Gold (KGC) produced 610,152 gold equivalent ounces in the fourth quarter, a decline of 6.5% YoY (year-over-year).
Why Did Barrick Gold’s Reserves Fall in 2018?
At the end of 2018, Barrick Gold (GOLD) reported mineral reserves of 64.5 million ounces—a decline of 3.4% YoY.
Barrick Gold’s Costs Are Expected to Rise in 2019
Barrick Gold has guided for an AISC of $870–$920 per ounce for 2019. At the midpoint, the guidance implies a rise of 11% for 2019.
Barrick Gold’s Merger Could Drive Its Production Going Forward
Production growth is a crucial variable for miners. Along with realized metal prices, production growth drives a company’s top line.
Company & Industry Overviews
Barrick Gold after the Randgold Merger: Upside in 2019?
In the fourth quarter, Barrick Gold produced 1.26 million ounces of gold—up 9.7% sequentially but down 6% YoY (year-over-year).
Newmont Mining’s Reserves Fell during 2018
Newmont Mining (NEM) reported reserves of 65.4 million ounces for 2018—4.5% lower compared to 2017.
Newmont Mining: Analyzing Its Production Drivers
In the fourth quarter, Newmont Mining (NEM) produced 1.44 million ounces—a rise of 8% YoY (year-over-year).