• Agnico Eagle Mines 1st quarter Adjusted EPS surpassed the estimated 61c to reach 76c.
• The company recorded revenue from mining operations at $1.83 billion, beating the estimate of $1.79 billion.
• The sales volume of gold reached 879,063 ounces, surpassing the estimated 849,934 ounces.
• The realized price per ounce of gold was $2,062, higher than the estimated $2,051.
• The realized price per ounce of silver was $23.80, higher than the estimate of $23.29.
• The reported capital expenditure was $340.9 million.
• The company maintained its guidance for gold production, cost, and capital expenditure for 2024.
• The expected payable gold production remains unchanged at approximately 3.35 to 3.55 million ounces in 2024.
• The total cash costs per ounce and All-In Sustaining Costs (AISC) per ounce in 2024 are unchanged at $875 to $925 and $1,200 to $1,250, respectively.
• The estimated total capital expenditures (excluding capitalized exploration) for 2024 ranges between $1.6 billion to $1.7 billion.
• There were 16 buys, 0 holds, and 1 sell for Agnico Eagle Mines stocks.
A look at Agnico Eagle Mines Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
The long-term outlook for Agnico Eagle Mines is positive as indicated by its Smartkarma Smart Scores. With a strong growth score of 4, the company is expected to continue expanding and developing its gold properties, especially through underground operations. This growth potential is further supported by a momentum score of 4, suggesting that the company is gaining traction in the market and seeing positive movement in its stock performance.
In addition, Agnico Eagle Mines shows resilience with a score of 3, indicating its ability to endure challenges and maintain stability. The company also scores well in terms of value and dividend, both with a score of 3, reflecting a solid foundation for investors looking for steady returns. Overall, Agnico Eagle Mines is well-positioned for long-term success in the gold production industry, leveraging its diverse operations across different regions.
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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