- Adjusted EPS: $1.07, beating the estimate of 89 cents.
- Revenue from mining operations: $2.08 billion, surpassing the estimate of $2.03 billion.
- Gold sales volume: 874,230 ounces, exceeding the estimate of 861,510 ounces.
- Realized gold price per ounce: $2,342, higher than the estimate of $2,301.
- Realized silver price per ounce: $30.09, above the estimate of $28.11.
- Capital expenditure: $362.4 million.
- Gold Production Guidance for 2024:
- Expected payable gold production remains between 3.35 to 3.55 million ounces.
- Total cash costs per ounce remain at $875 to $925.
- All-in sustaining costs (AISC) per ounce remain at $1,200 to $1,250.
- Total capital expenditures (excluding capitalized exploration) for 2024 are still estimated between $1.6 billion to $1.7 billion.
- Analyst Recommendations:
- 16 buy recommendations
- 0 hold recommendations
- 1 sell recommendation
A look at Agnico Eagle Mines Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts studying Agnico Eagle Mines Limited, a gold producer with operations in various regions, have given the company optimistic scores across several key factors. The company scored well in momentum, indicating a strong upward trend that is catching the attention of investors. Additionally, Agnico Eagle Mines received solid scores for value and resilience, showcasing its stability and financial health. While growth scored lower, the company’s focus on exploration and development suggests potential for future expansion. With an average score for dividends, Agnico Eagle Mines presents a balanced investment opportunity for those eyeing the long term.
Overall, Agnico Eagle Mines Limited stands out as a promising investment option based on the Smartkarma Smart Scores. Its diverse geographical reach and emphasis on underground operations for gold production position it well in the market. Investors may find the company appealing due to its strong momentum, value, and resilience scores, indicating a bright long-term outlook. With a solid foundation in place and ongoing exploration efforts, Agnico Eagle Mines is poised to capitalize on opportunities within the gold mining industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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