PE Ratio--ForwardFULL YEAR 2017 Earnings were $ 132.6 M ($ 0.64 per basic share)
Q1 we know was already $ 0.25/share but will be the weakest quarter production-wise.
Q2 should improve in EPS and production.
Tony said CAPEX for shaft project at Macassa this year will be around $ 40 -$ 60 M when answering Phil Ker's question....all budgeted into the #s.
And then get really juicy once Swan ore is accessed in Q3 and be in full production mode by 2020 of Swan specifically (in the Q&A after Conf. Call).
EPS is easily going to be close to $ 1.00 + this year probably close to $ 1.20 per basic share for 2018 and I'm being very conservative.
If you apply forward PE ratio at current share price:
$24.05/$1.20 = 20 approx. PE ratio currently
We have plenty of room to grow share price and command a PE ratio closer to 30. KL has 50 % upside conservatively over the next 12 months.
Phil Ker needs to re-study the story and his #s before PI's clients lose out on a huge rally coming to KL as the year moves on. $ 300 M sitting in the bank and debt-free. Agnico Eagle has close to a billion in long-term debt.
Plus spot gold staying over $ 1300 so far this year will help on the year-over year Rev #s.
Never seen a miner like this..ever...so set up for a rally and to achieve top supremacy in the North American mining industry or be bought out by one of the big boys for a large premium.
JIN