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Agnico Eagle Mines Ltd
TSX:AEM

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Agnico Eagle Mines Ltd Logo
Agnico Eagle Mines Ltd
TSX:AEM
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Price: 74.84 CAD -1.24% Market Closed
Updated: Mar 19, 2024

Intrinsic Value

Agnico Eagle Mines Ltd. engages in the exploration and production of gold. [ Read More ]

The intrinsic value of one AEM stock under the Base Case scenario is 56.71 CAD. Compared to the current market price of 74.84 CAD, Agnico Eagle Mines Ltd is Overvalued by 24%.

Key Points:
AEM Intrinsic Value
Base Case
56.71 CAD
Overvaluation 24%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Agnico Eagle Mines Ltd

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Fundamental Analysis

Company Boasts Strong Performance and Optimizations
2023-Q4 Earnings Call

Company Boasts Strong Performance and Optimizations

The company delivered a notable year, generating over $1 billion in operating margins with industry-leading costs. Enhancements at Macassa, including the #4 shaft commissioning and a ventilation upgrade, pushed production above guidance. The integration of the AK and Near Surface deposits has been a value-add. At Detour, the mill throughput rate is now expected to reach 28 million tonnes per annum in the second half of 2024, one year ahead of schedule. Ambitious drilling at the Hope Bay project indicates promising potential for a successful future decision. The 2025 guidance for Fosterville projects a midpoint of 150,000 ounces output, assuming 700,000 tonnes milled at a 7 grams per tonne grade and 94% recovery.

Financials

Balance Sheet Decomposition
Agnico Eagle Mines Ltd

Current Assets 2.2B
Cash & Short-Term Investments 338.6m
Receivables 35.8m
Other Current Assets 1.8B
Non-Current Assets 26.5B
Long-Term Investments 345.3m
PP&E 21.2B
Intangibles 4.2B
Other Non-Current Assets 769m
Current Liabilities 1B
Accounts Payable 750.4m
Accrued Liabilities 14.2m
Other Current Liabilities 283.4m
Non-Current Liabilities 8.2B
Long-Term Debt 1.9B
Other Non-Current Liabilities 6.4B
Efficiency

Earnings Waterfall
Agnico Eagle Mines Ltd

Revenue
6.6B USD
Cost of Revenue
-2.9B USD
Gross Profit
3.7B USD
Operating Expenses
-2B USD
Operating Income
1.7B USD
Other Expenses
211.1m USD
Net Income
1.9B USD

Free Cash Flow Analysis
Agnico Eagle Mines Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

AEM Profitability Score
Profitability Due Diligence

Agnico Eagle Mines Ltd's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Positive Free Cash Flow
Positive Operating Income
60/100
Profitability
Score

Agnico Eagle Mines Ltd's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

AEM Solvency Score
Solvency Due Diligence

Agnico Eagle Mines Ltd's solvency score is 68/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
Low D/E
Long-Term Solvency
Short-Term Solvency
68/100
Solvency
Score

Agnico Eagle Mines Ltd's solvency score is 68/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

AEM Price Targets Summary
Agnico Eagle Mines Ltd

Wall Street analysts forecast AEM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for AEM is 93.44 CAD with a low forecast of 76.76 CAD and a high forecast of 121.45 CAD.

Lowest
Price Target
76.76 CAD
3% Upside
Average
Price Target
93.44 CAD
25% Upside
Highest
Price Target
121.45 CAD
62% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

AEM Price
Agnico Eagle Mines Ltd

1M 1M
+14%
6M 6M
+13%
1Y 1Y
+8%
3Y 3Y
+5%
5Y 5Y
+42%
10Y 10Y
+138%
Annual Price Range
74.84
52w Low
59.62
52w High
81.75
Price Metrics
Average Annual Return 11.47%
Standard Deviation of Annual Returns 28.65%
Max Drawdown -55%
Shares Statistics
Market Capitalization 37.2B CAD
Shares Outstanding 494 378 388
Percentage of Shares Shorted 0.47%

AEM Return Decomposition
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AEM News

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Last Important Events
Agnico Eagle Mines Ltd

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Sentiment Analysis
Agnico Eagle Mines Ltd

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Company Profile

Agnico Eagle Mines Ltd Logo
Agnico Eagle Mines Ltd

Country

Canada

Industry

Metals & Mining

Market Cap

37.2B CAD

Dividend Yield

2.84%

Description

Agnico Eagle Mines Ltd. engages in the exploration and production of gold. The company is headquartered in Toronto, Ontario and currently employs 6,810 full-time employees. The firm operates through three business units: Northern Business, Southern Business and Exploration. Its exploration projects include Barsele, Kirkland Lake, El Barqueno, Hammond Reef and Santa Gertrudis. Its Canadian properties include the LaRonde Complex, the Goldex mine, the Meadowbank Complex, the Meliadine mine, the Hope Bay mine, and the Canadian Malartic Mine. The Company’s Southern Business comprises of its operations in Mexico. Its Pinos Altos mine, including the Creston Mascota deposit, is held through its subsidiary Agnico Eagle Mexico, S.A. de C.V. The La India mine is owned by its subsidiary, Agnico Sonora, S.A. de C.V. Its Exploration group is focused on the identification of new mineral reserves and mineral resources and new development opportunities in gold producing regions. Its other projects include Europe, United States and Latin America.

Contact

ONTARIO
TORONTO
145 King St E Suite 400
+14169471212.0
https://www.agnicoeagle.com/

IPO

1980-03-17

Employees

6 810

Officers

CEO, President & Director
Mr. Ammar Al-Joundi M.B.A.
Executive VP and Chief Strategy & Technology Officer
Mr. Jean Robitaille
Executive VP and COO of Nunavut, Quebec & Europe
Mr. Dominique Girard B.Sc., ENG., P.Eng.
Executive VP of Finance & Chief Financial Officer
Mr. James R. Porter B.A.Sc., CPA, CA, CPA, (Illinois)
Executive VP of Legal, General Counsel & Corporate Secretary
Mr. Christopher Vollmershausen L.L.B.
Vice President of Corporate Development
Mr. Peter J. Netupsky C.A., C.F.A., CPA
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Vice President of Health, Safety, Social Affairs & People
Mr. Jason Allaire
Executive Vice President of Exploration
Mr. Guy Gosselin Eng., Ing, M.Sc., P.Eng., P.Geo.
Executive VP and COO of Ontario, Australia & Mexico
Ms. Natasha Nella Dominica Vaz MBA, P. Eng.
Vice President of Sustainability & Regulatory Affairs
Mr. Mohammed Ali
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See Also

Discover More
What is the Intrinsic Value of one AEM stock?

The intrinsic value of one AEM stock under the Base Case scenario is 56.71 CAD.

Is AEM stock undervalued or overvalued?

Compared to the current market price of 74.84 CAD, Agnico Eagle Mines Ltd is Overvalued by 24%.