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Last C$28.26 CAD
Change Today -0.68 / -2.35%
Volume 1.1M
AEM On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 3:13 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

agnico eagle mines ltd (AEM) Snapshot

Open
C$28.19
Previous Close
C$28.94
Day High
C$28.61
Day Low
C$27.79
52 Week High
08/13/14 - C$44.12
52 Week Low
10/31/14 - C$25.05
Market Cap
6.1B
Average Volume 10 Days
1.9M
EPS TTM
C$-0.03
Shares Outstanding
217.2M
EX-Date
08/28/15
P/E TM
--
Dividend
C$0.32
Dividend Yield
1.34%
Current Stock Chart for AGNICO EAGLE MINES LTD (AEM)

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agnico eagle mines ltd (AEM) Details

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties. It primarily explores for gold, as well as for silver, copper, zinc, and lead. The company’s flagship property includes the LaRonde mine, which comprises a 100% owned LaRonde property that consists of 36 contiguous mining claims and 1 provincial mining lease covering 1,047.4 hectares; El Coco property, which includes 22 contiguous mining claims and 1 provincial mining lease comprising 356.7 hectares; and Terrex property that comprises 21 mining claims and 1 provincial mining lease covering 424.4 hectares, as well as 3 surface rights leases covering in total of approximately 303.6 hectares in northwestern Quebec. It has exploration activities in Canada, Europe, Latin America, and the United States. The company was founded in 1953 and is headquartered in Toronto, Canada.

4,999 Employees
Last Reported Date: 03/25/15
Founded in 1953

agnico eagle mines ltd (AEM) Top Compensated Officers

Vice Chairman and Chief Executive Officer
Total Annual Compensation: C$1.5M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$520.0K
Senior Vice President of Exploration
Total Annual Compensation: C$475.0K
Senior Vice-President of Business Strategy an...
Total Annual Compensation: C$450.0K
Senior Vice President of Operations - Canada ...
Total Annual Compensation: C$433.0K
Compensation as of Fiscal Year 2014.

agnico eagle mines ltd (AEM) Key Developments

Agnico Eagle Mines Limited Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Maintains Operating Guidance for the Fiscal 2015 and Revises Capital Expenditure and Depreciation and Amortization Guidance for the Fiscal 2015

Agnico Eagle Mines Limited announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced revenues from mining operations of $510,109,000 compared to $438,521,000 for the same period a year ago. Income before income and mining taxes was $20,909,000 compared to $33,817,000 for the same period a year ago. Net income for the period was $10,083,000 compared to $22,158,000 for the same period a year ago. Net income per share, basic and diluted was $0.05 compared to $0.12 for the same period a year ago. Cash provided by operating activities was $188,349,000 compared to $182,728,000 for the same period a year ago. Additions to property, plant and mine development was $111,511,000 compared to $115,157,000 for the same period a year ago. For the six months, the company announced revenues from mining operations of $993,705,000 compared to $930,288,000 for the same period a year ago. Income before income and mining taxes was $77,622,000 compared to $180,535,000 for the same period a year ago. Net income for the period was $38,826,000 compared to $119,303,000 for the same period a year ago. Net income per share, basic and diluted was $0.18 compared to $0.16 for the same period a year ago. Cash provided by operating activities was $331,804,000 compared to $433,124,000 for the same period a year ago. Additions to property, plant and mine development was $194,398,000 compared to $216,617,000 for the same period a year ago. For the quarter, the company announced payable gold production was 403,678 ounces compared to 326,059 ounces in the second quarter of 2014. The higher level of production in the 2015 period was primarily due to the inclusion of a full quarter of production from Canadian Malartic, increased throughput levels at Goldex, increased mill capacity at Kittila, higher grades at LaRonde and Pinos Altos and increased heap leach stacking at La India and Creston Mascota. For the six months, payable gold production was 807,888 ounces, compared to payable gold production of 692,480 ounces in the comparable 2014 period. The company maintained operating guidance for the fiscal 2015 and revised capital expenditure and depreciation and amortization guidance for the fiscal 2015. The company maintained gold production guidance for 2015 at approximately 1.6 million ounces. For 2015, capital expenditures are expected to total approximately $539 million, representing a $58 million increase from the previously announced figure. The increase is primarily due to additional expenditures for the development of Goldex Deep 1, the Vault pit extension, expansion of the existing Meliadine surface and underground infrastructure, and the sealift of additional equipment for the 2016 Meliadine work program. The company expects depreciation and amortization expense to be in the range of $575 million to $600 million. Previous guidance was $550 million to $575 million. The increase is primarily due to the finalization of the purchase price allocation associated with the Canadian Malartic acquisition.

Agnico Eagle Declares Cash Dividend for the Third Quarter of 2015, Payable on September 15, 2015

Agnico Eagle's Board of Directors has declared a quarterly cash dividend of $0.08 per common share, payable on September 15, 2015 to shareholders of record as of September 1, 2015.

Agnico Eagle Mines Limited Announces Receipt of Permit to Commence Drilling on Greyhound Project, NU

Agnico Eagle Mines Limited announced that it is in receipt of a land use permit (‘LUP’) issued by Aboriginal Affairs and Northern Development Canada on June 15, 2015, which is valid for a two year period to June 14, 2017. The LUP was issued following an environmental screening of the proposed Greyhound project drill program by the Nunavut Impact Review Board that determined that the new LUP did not change the general scope of the original project activities previously in place. Further to this development, the Company has received notice from Agnico Eagle Mines Limited (‘Agnico Eagle’) that they will commence drilling on the Greyhound project, Nunavut by August 2015.

 

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Industry Analysis

AEM

Industry Average

Valuation AEM Industry Range
Price/Earnings 100.0x
Price/Sales 2.4x
Price/Book 1.2x
Price/Cash Flow 8.7x
TEV/Sales 1.7x
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