Commodity prices generally fell in the September-ending quarter, except for gold. Concerns about weak China end-user steel demand affected iron ore and other steelmaking commodities, while base metals prices fell on worries over slower economic growth in China and elsewhere.
Agnico Eagle has around 15 years of reserves at end December 2023, with various opportunities to incrementally increase gold production in coming years.
The company’s production sits within the second quartile of the gold cost curve, meaning it is more leveraged to changes in the gold price than its lower-cost competitors.
|
Metric
|
AEM
|
GOLD
|
NEM
|
|---|---|---|---|
Price/Earnings (Normalized) | 27.26 | 19.73 | 25.04 |
Price/Book Value | 1.97 | 1.49 | 2.09 |
Price/Sales | 5.38 | 2.98 | 3.66 |
Price/Cash Flow | 12.26 | 8.07 | 11.44 |
|
Metric
|
AEM
|
GOLD
|
NEM
|
|---|---|---|---|
Quick Ratio | 0.62 | 1.92 | 0.63 |
Current Ratio | 1.51 | 3.01 | 2.11 |
Interest Coverage | 12.03 | 10.62 | −3.79 |
|
Metric
|
AEM
|
GOLD
|
NEM
|
|---|---|---|---|
Return on Assets (Normalized) | 4.87% | 3.88% | 4.61% |
Return on Equity (Normalized) | 7.22% | 7.63% | 8.90% |
Return on Invested Capital (Normalized) | 6.83% | 5.56% | 7.11% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Zijin Mining Group Co Ltd ADR
ZIJMY
| — | Dgsyxg | $67.0 Bil | |||
| Zijin Mining Group Co Ltd Class H
ZIJMF
| — | Zzpvqh | $67.0 Bil | |||
| Newmont Corp Chess Depository Interest
NEMCL
| — | Mpnb | $61.0 Bil | |||
| Newmont Corp
NEM
| Yzxtfmy | Smztn | $61.0 Bil | |||
| Agnico Eagle Mines Ltd
AEM
| Dtjztszx | Ccw | $40.2 Bil | |||
| Barrick Gold Corp
GOLD
| Xcqqhzfv | Llhf | $34.9 Bil | |||
| Wheaton Precious Metals Corp
WPM
| Jxnbvgy | Wzxwr | $27.6 Bil | |||
| Franco-Nevada Corp
FNV
| — | Tqdm | $23.5 Bil | |||
| Gold Fields Ltd
GFIOF
| — | Dps | $14.2 Bil | |||
| Kinross Gold Corp
KGC
| Cynzb | Flbw | $11.8 Bil |
United States