Agnico Eagle Mines Ltd
AEM: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| FBr | LOCK|Zfy | LOCK|r<NN#F |
Agnico Eagle Earnings: Higher Gold Prices Drive a Strong Result
In Agnico Eagle's first-quarter result, 40% higher gold prices more than offset 4% lower volumes, while unit cash costs were stable. Adjusted EBITDA rose 71% compared with a year ago, to USD 1.6 billion. Adjusted net profit after tax more than doubled to USD 770 million, or USD 1.53 per share.
