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Watch out for These Valuation Catalysts in Gold Miners’ 4Q17 Earnings

Annie Gilroy
Watch out for These Valuation Catalysts in Gold Miners’ 4Q17 Earnings

Of all the miners (GDX) we’ve discussed in this series, Agnico Eagle Mines (AEM) has the highest EV-to-forward-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 11.6x. As can be seen in the graph below, AEM’s EBITDA margin is quite high. The company