Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Agnico Eagle Mines Ltd T.AEM

Alternate Symbol(s):  AEM

Agnico Eagle Mines Limited is a Canada-based gold mining company engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of exploration and development projects in these countries as well as in the United States. Its operations include Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittila, La India, LaRonde Complex, Macassa... see more

TSX:AEM - Post Discussion

Agnico Eagle Mines Ltd > National Bank
View:
Post by retiredcf on Apr 19, 2024 8:18am

National Bank

Precious metals analysts at National Bank Financial updated estimates across our their coverage universe ahead of quarterly earnings season and highlighted their “conviction” picks for the period on Friday.

“Consensus estimates remain fluid, thus modest differentials vs. NBF may be explained, while larger gaps are a source for our conviction beats/misses,” they said. “At the time of writing, we have conviction in Agnico Eagle (AEM.TO), Lundin Gold (LUG.TO) and New Gold (NGD.TO) beating consensus Adj. EPS estimates, while we expect First Majestic (FR.TO) to miss. Details behind our conviction calls are presented later in this report. For concentrate producers, provisional pricing adjustments are expected to be a net positive for 1Q24 earnings. Timing of sales could also prove positive on average realized gold and/or silver prices given the strong finish to the quarter for both metals.”

“A number of producers have guided to a back-half-weighted production year, and thus, we expect several companies to have lower production Q/Q. The Turkish lira continued to depreciate, providing a potential tailwind. With inflation proving stickier than expected, we are looking for commentary on any inflationary pressures in consumable prices and labour that could have a material impact on costs in 2024.”

Target price adjustments for senior producers were:

  • Agnico Eagle Mines Ltd. ( “outperform”) to $104 from $105. Average: $93.25.
Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities