Agnico-Eagle Mines Limited

  • More Downside Ahead for These Gold Miners

    By Vladimir Zernov - August 14, 2013 | Tickers: AEM, EGO, KGC

    As the price of gold continues on its way down, so to are the share prices of gold mining companies. Companies test their assets against a new price reality, and it often leads to write-downs from balance sheets. Kinross Gold (NYSE: KGC) was yet another gold miner that announced an impairment--this case it was to the tune of $2.3 billion. The company's stock has already lost almost 50 more »

  • Barrick Gold's Cost Cutting Improves Its Position

    By William Alder - August 12, 2013 | Tickers: AEM, ABX, GG, NEM

    Barrick Gold (NYSE: ABX) has been hammered in the last year or so. Production problems and falling gold prices are largely to blame. The company recently announced it took $8.6 billion in write downs and a quarterly loss of $8.56 billion. It also cut its dividend by 75%. Is the worst over for Barrick?

    Some good news from its recent earnings report is that the company has seen more »

  • These Stocks Are Better Than Treasuries

    By Reuben Brewer - July 8, 2013 | Tickers: AEM, ARLP, RDS-B

    “The U.S. Treasuries market could now be described as a Ponzi market” according to Hyman Minsky of asset manager Guggenheim Partners. Now is a good time to look at stocks with key resource assets.

    Charles Ponzi

    Ponzi schemes are named after Charles Ponzi and all follow a similar path. Money from new investors is used to help pay off old investors. While the schemes can work for a little more »

  • Is Investing in Gold Still Reliable?

    By Kiran Gulati - June 25, 2013 | Tickers: AEM, ABX, KGC

    Agnico-Eagle (NYSE: AEM) is a gold mining company with mining and exploration activities across Canada, Europe, Latin America and the United States. The company owns one of Canada’s largest operating gold mines by gold reserves in Quebec, namely LaRonde, which has significantly contributed to its domestic and international expansion.

    The company’s revenues and profits are primarily driven through the production and sale of gold in both dore bar more »

  • 3 Affordable and Promising Canadian Mining Stocks

    By Jaiyant Cavale - June 13, 2013 | Tickers: AEM, AGI, CCJ

    Canada has a wealth of natural resources, including a lot of materials and metals. Canadian mining companies have struck gold (literally), and have continued to mine for other metals that are in demand internationally. Canadian mining companies have the unique advantage of a safe and secure business atmosphere and governmental support to increase metal production.

    As for investors, Canadian mining stocks promise great returns and tend to be more affordable more »

  • Golden Dividend Ideas From A Bear

    By Reuben Brewer - June 4, 2013 | Tickers: AEM, ABX, NEM

    Fund manager and market statistician John Hussman sees bad things on the horizon. He's been buying gold shares in Hussman Strategic Total Return Fund this year. At the start of the year, his three largest gold positions were Newmont Mining (NYSE: NEM), Barrick Gold (NYSE: ABX), and Agnico-Eagle Mines (NYSE: AEM).

    Where we Stand

    Every week Hussman writes a commentary about what he is seeing in the market. He more »

  • Is the New Mining Tax in Quebec a Headwind for Gold Stocks?

    By Zain Abbas - May 28, 2013 | Tickers: AEM, GG, IAG

    On Monday, May 6, after the close of market, the government of the Province of Quebec released its much anticipated proposal to change the mining tax and royalty regime in the Province which is expected to be effective at the beginning of 2014.

    In this situation, the question arises: What impact this new tax regulation will have on mining companies with a great exposure to Canada?

     Background on the new more »

  • Are Gold Stocks Still Attractive?

    By Zain Abbas - May 22, 2013 | Tickers: AEM, GG, IAG

    Gold price crashed from above $1,700/oz to as low as $1,330/oz when the government of Cyprus said that a sale of gold reserves worth 400 million euros was among the options for its contribution toward an international bailout. This obviously had an impact on gold stocks.

    In the ongoing season, many believed that gold-mining companies would cut their guidance for the year given a weak outlook more »

  • 3 Gold Mining Stocks To Consider

    By Sammy Pollack - April 10, 2013 | Tickers: AEM, GFI, GG

    Over the past few months, despite the stock market's rally to an all-time high, shares of gold mining companies have been under severe selling pressure. However, at this point, in my opinion, it is time to consider buying some of these beaten down names. In particular, Gold Fields Ltd (NYSE: GFI), Goldcorp (NYSE: GG), and Agnico Eagle Mines Ltd (NYSE: AEM) 

    Dividend

    As shown by the chart below, GFI more »

  • Mining Their Own Business

    By Michael Ugulini - March 3, 2013 | Tickers: AEM, CDE, NEM

    He who wakes up early finds gold. ~ Hungarian Proverb 

    Those who work for Agnico-Eagle Mines (NYSE: AEM) must be rising quite early, if the company's recent numbers are any indication. Agnico-Eagle Mines is a gold producer, their objective is to continue increasing yearly gold production through building and exploring their own mines. This focus is paying off for the company. The following are a few key things for investors more »

  • Preparing for Gold Players' Earnings Releases

    By Masam Abbas - January 25, 2013 | Tickers: AEM, AGI, AUQ

    The earnings season has not yet kicked off for the gold companies. Investors are pretty curious about the 4Q results given the highly volatile gold prices in the last quarter. I have briefly discussed three gold players and what sorts of result are expected from them:

    Agnico-Eagle Mines Limited (NYSE: AEM) forecasted 4Q12 gold production of 232.42k oz at a cash cost of $717/oz on a by-product basis more »

  • Are These Companies "Good as Gold"?

    By David Mercer - January 3, 2013 | Tickers: AEM, FCX, GG

    Today, we'll examine three mining stocks which specialize in gold. The first of these, Aginco-Eagle Mines (NYSE: AEM), a Canadian mining company, currently has excellent growth prospects, solid financial health, but currently lacks meaningful earnings, with no measurable P/E. However, much like so many stocks I've chosen to cover, my love of DRIP's caught my eye when it came to the company. As in the case more »

  • Billionaire Jeffrey Vinik’s Favorite Mining Stocks

    By Meena Krishnamsetty - December 15, 2012 | Tickers: AEM, ABX, CCJ, KGC, NG

    Jeffrey Vinik first became famous for his success at Fidelity Investments as the head of the Magellan Fund. After leaving Fidelity, he started a hedge fund; but within five years the fund had been so successful that Vinik returned money to outside investors. When we went through his 13F filing for the third quarter of the year, we noticed a number of mining stocks among his top holdings. Read on more »

  • AngloGold a Bargain at $30

    By Jordo Bivona - November 22, 2012 | Tickers: AEM, AU, BHP, GG

    Gold has hit historic highs in recent years, but it recently took a tumble from its high of just over $1,900 an ounce. Because of this, gold mining stocks have taken a hit as gold declines. But this sell-off was overdone, and gold has begun to move back up. One of the stocks that have been undervalued as a result of the sell-off is AngloGold Ashanti (NYSE: AU).

    AngloGold more »

  • Agnico-Eagle: Showing Bullish Signs

    By Jordo Bivona - November 21, 2012 | Tickers: AEM, ABX, BHP, FCX, NEM

    The most striking feature of Agnico-Eagle Mines' (NYSE: AEM) business strategy is its "no forward gold sales" policy. This policy has allowed the company to profit tremendously from higher gold prices. The company has also been a consistent dividend provider.

    Agnico-Eagle is a strong stock going forward. I like that it is producing in stable environments. The company is avoiding the sorts of problems that plague mining operations in less more »

  • Screening for the next stocks on the move

    By William Chung - July 31, 2012 | Tickers: AEM, ABM, MMT

    The trend is your friend, when you are positioned with it, otherwise it is an outstretched leg that trips you in the lunchroom while you walk with a full lunch tray.

    Holding a stock that is going down is quite a strange masochistic endeavor.  What causes someone to hold a sinking stock when ones right beside it were holding steady or even going up?   Whatever the cause avoiding buying wrong more »

  • Looking for a Golden Gold Miner

    By Andrés Cardenal - June 17, 2012 | Tickers: AEM, EGO, GG, IAG, KGC

    Gold mining is a very particular business, in which having low production costs is perhaps the most determinant competitive advantage. Companies cannot differentiate their products in this industry; they need to accept a price that is determined by the global supply and demand environment. For this reason, production costs become a critical factor to obtain profitability and even survive in times of volatile commodity prices.

    Because individual companies have almost more »

  • No Reason to Panic as Agnico-Eagle Dumps Rubicon Shares

    By Bobby Fisher - June 13, 2012 | Tickers: AEM, AU, VALE, FCX, GG

    Agnico-Eagle Mines (NYSE: AEM) has reduced its shares in Rubicon Minerals (NYSE: RBY). The mining company recently informed Rubicon that it had “disposed of a significant portion of its shareholdings of Rubicon in the public markets” and that it would soon make the details of the disposal known in regulatory filings.

    More specifically, Agnico-Eagle is reducing its interest in Ontario’s Red Lake gold camp. This almost seems like a more »

  • Buy Goldcorp At A Bottom And Ride It Higher

    By Maxwell Fisher - May 24, 2012 | Tickers: AEM, AU, ABX, GG, NEM

    For the past few years now there is so much talk about gold. From the present being the “Era of Gold” to commercials trying to convince you to sell your gold on new highs. But in all the talk there is some truth. If you would have invested in gold even just five years back, you would have made quite a nice return. However, so much of this growth occurred more »

  • 1 Golden Mean Reversion Opportunity

    By Justin Carley - May 21, 2012 | Tickers: AEM, ABX, GDX, GLD | Editor's Choice

    Gold continues to be a hot topic of investing even if it has been slumping of late.  It doesn’t hurt when you have Charlie Munger,  Warren Buffet’s right hand man, recently quoted as saying,

     “I think gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold. They invest in more »

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