TSX:AEM - Post Discussion
Post by
andy604 on Feb 15, 2024 5:50pm
Bought a few hundred on profit expectations
TORONTO — TORONTO — Agnico Eagle Mines Ltd. (AEM) on Thursday reported a fourth-quarter loss of $381 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Toronto-based company said it had a loss of 77 cents. Earnings, adjusted for non-recurring costs, came to 57 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
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