AEM.TO - Agnico Eagle Mines Limited

Toronto - Toronto Delayed Price. Currency in CAD
64.43
+0.91 (+1.43%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close63.52
Open63.37
Bid64.30 x 0
Ask64.32 x 0
Day's Range62.95 - 65.17
52 Week Range43.25 - 86.39
Volume762,010
Avg. Volume1,217,625
Market Cap15.518B
Beta (5Y Monthly)0.24
PE Ratio (TTM)32.38
EPS (TTM)1.99
Earnings DateFeb. 11, 2020 - Feb. 16, 2020
Forward Dividend & Yield1.06 (1.67%)
Ex-Dividend DateMay 28, 2020
1y Target Est48.37
  • Agnico Eagle (AEM) Suspends Mining Operations in Mexico
    Zacks

    Agnico Eagle (AEM) Suspends Mining Operations in Mexico

    Agnico Eagle (AEM) is ramping down its mining operations in Mexico on the government of Mexico's decree.

  • Market Crash 2020: 3 Stocks That Could Rocket High From the Bottom
    The Motley Fool

    Market Crash 2020: 3 Stocks That Could Rocket High From the Bottom

    A lot of amazing companies are now being driven into the ground. And most of them have the potential to get back up and start climbing.The post Market Crash 2020: 3 Stocks That Could Rocket High From the Bottom appeared first on The Motley Fool Canada.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (13,097.76, up 221.36 points.)Cenovus Energy Inc. (TSX:CVE). Energy. Up 63 cents, or 23.16 per cent, to $3.35 on 28.3 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.35, or 7.31 per cent, to $19.83 on 25.1 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up $1.76, or 7.93 per cent, to $23.95 on 21.9 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up 22 cents, or 20.95 per cent to $1.27 on 17.8 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up seven cents, or 22.22 per cent, to 38.5 cents on 16.1 million shares.MEG Energy Corp. (TSX:MEG). Energy. Up 53 cents, or 33.76 per cent to $2.10 on 14.3 million shares.Companies in the news:Cenovus Energy Inc. — Budget cuts in the western Canadian oil and gas sector are hitting home for front-line workers who are facing smaller paycheques as well as an ever-increasing risk of being laid off. On Thursday, oilsands producer Cenovus Energy Inc. responded to low global oil prices with its second capital spending cut in less than a month, along with the suspension of its quarterly dividend and a five per cent reduction in production guidance for 2020.Canadian National Railway Co. (TSX:CNR). Up $2.26 to $108.71. Canadian National Railway Co. hit an all-time record for March grain movement. Chief operating officer Rob Reilly says the 2.62 million tonnes of grain is a 6.1 per cent increase from 2017, the previous record for March. The numbers come as the country's largest railroad operator works to clear a backlog built up after a month of blockades erected across the country in February in solidarity with the hereditary chiefs of the Wet'suwet'en First Nation in northwestern British Columbia.Agnico Eagle Mines Ltd. (TSX:AEM). Up $2.95 or five per cent to $62.11. Canadian mining companies with assets in Mexico moved to suspend operations in the country as the Mexican government ordered non-essential businesses to close in an effort to slow the spread of COVID-19. Agnico Eagle Mines Ltd. says its Pinos Altos, Creston Mascota and La India operations were ramping down and would be placed on care and maintenance until April 30. Equinox Gold says it will temporarily suspend mining at its Los Filos Mine in Mexico.This report by The Canadian Press was first published April 2, 2020.The Canadian Press

  • CNW Group

    Agnico Eagle Provides Update on Mexico Operations

    TORONTO, April 2, 2020 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle" or the "Company") is providing an update following the Government of Mexico's decree relating to the COVID-19 pandemic that all non-essential businesses suspend operations until April 30, 2020 (the "Decree"). The Government of Mexico has defined mining operations as a non-essential business. Pursuant to the Decree, mining operations at the Company's Mexico operations (Pinos Altos, Creston Mascota and La India) are ramping down activities in an orderly fashion while ensuring the safety of employees, the sustainability of the infrastructure and compliance with government regulations and environmental standards.

  • Stock Market Crash 2020: Is it Time to Buy Yet?
    The Motley Fool

    Stock Market Crash 2020: Is it Time to Buy Yet?

    Stock markets are in a state of shock due to the coronavirus. However, buying opportunities still exists with good names, such as the Canada Goose stock and Agnico Eagle Mine stock, that are selling at bargain prices.The post Stock Market Crash 2020: Is it Time to Buy Yet? appeared first on The Motley Fool Canada.

  • Gold Stocks Might Be Next in Line for Dividend Cuts
    The Motley Fool

    Gold Stocks Might Be Next in Line for Dividend Cuts

    Gold stocks such as Newmont Goldcorp (TSX:NGT) and Agnico Eagle Mines (TSX:AEM) are shutting down mines in response to COVID-19. The post Gold Stocks Might Be Next in Line for Dividend Cuts  appeared first on The Motley Fool Canada.

  • Agnico Eagle Withdraws 2020 View Amid Coronavirus Pandemic
    Zacks

    Agnico Eagle Withdraws 2020 View Amid Coronavirus Pandemic

    Agnico Eagle (AEM) decides to lower production activities at the Quebec and Nunavut operations.

  • Agnico Eagle putting Quebec mines on care and maintenance, withdraws guidance
    The Canadian Press

    Agnico Eagle putting Quebec mines on care and maintenance, withdraws guidance

    TORONTO — Agnico Eagle Mines Ltd. is ramping down operations in Quebec's Abitibi region including the LaRonde complex, the Goldex mine and the Canadian Malartic mine as non-essential businesses shut down in the province.The gold miner is also withdrawing its full year 2020 production and cash costs guidance.Agnico Eagle says the Quebec mines will be placed on care and maintenance until April 13 as mining operations have been ordered to minimize their activities in an effort to slow the spread of COVID-19.It also says it will reduce activities at the Meliadine and Meadowbank mining operations in Nunavut, which are serviced out of Quebec.Exploration activities in Canada will also be suspended during the period.Agnico Eagle says its Mexican and Finnish mines continue to operate at normal levels.This report by The Canadian Press was first published March 25, 2020.Companies in this story: (TSX:AEM) The Canadian Press

  • CNW Group

    Agnico Eagle Provides Further Update on Quebec and Nunavut Operations

    TORONTO, March 24, 2020 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle" or the "Company") is providing a further update on its Quebec and Nunavut operations. Today the Company held discussions with representatives from the Government of Quebec to get additional clarity in regard to the order by the Government of Quebec to close all non-essential businesses in response to the COVID-19 outbreak issued on the afternoon of March 23, 2020 (the "Order").

  • CNW Group

    Agnico Eagle Provides Update On Quebec Operations

    TORONTO , March 24, 2020 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle" or the "Company") is providing an update following yesterday afternoon's order by the Government of Quebec to close all non-essential businesses relating to COVID-19. Pursuant to this order, mining operations have been directed to minimize their activities until April 13, 2020 . The Company is communicating with the Government of Quebec to ensure compliance with its order and will discuss procedures at the Company's Quebec operations while having regard to the health and safety of our employees and communities.

  • Why Agnico Eagle (AEM) Stock Might be a Great Pick
    Zacks

    Why Agnico Eagle (AEM) Stock Might be a Great Pick

    Agnico Eagle (AEM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well

  • The Canadian Press

    Ekati Diamond Mine shut down to prevent spread of COVID-19 to staff, communities

    CALGARY — Canada's oldest diamond mine is being shut down to protect workers and local communities from the spread of the COVID-19 pandemic.Calgary-based Dominion Diamond Mines ULC says in a message on its website that none of the employees at its Ekati Diamond Mine about 300 kilometres northeast of Yellowknife in the Northwest Territories has tested positive to date.But it says it's taking the action given the rapid spread of the virus, the remote location of the Ekati mine's operations and the high frequency of air travel required for employees and support staff.It says a small care and maintenance crew will stay on to maintain the mine for an undetermined period. According to the website, Ekati has about 1,800 employees.BHP Billiton opened the Ekati mine in 1998. Dominion bought it in 2013.Earlier this week, Toronto-based Agnico Eagle Mines Ltd. announced it would send its local workforce of about 450 people home from its two Nunavut gold mines for four weeks with pay to protect them and their communities from the outbreak.It said local workers who are not currently on site at its Meliadine and Meadowbank operations will be asked to stay home, while the reduced workforce of about 2,500 that remains will keep the mines running.This report by The Canadian Press was first published March 20, 2020.Companies in this story: (TSX:AEM)The Canadian Press

  • Agnico Eagle sends Nunavut mine workers home to guard against COVID-19 spread
    The Canadian Press

    Agnico Eagle sends Nunavut mine workers home to guard against COVID-19 spread

    TORONTO — Agnico Eagle Mines Ltd. says it's sending its local workforce home from its Nunavut mining operations for four weeks to protect them and their communities from the potential spread of the COVID-19 outbreak as the territorial government declare a public health emergency.The Toronto-based gold miner says it will continue to pay those workers and it's meeting with its contractors to discuss similar measures for their local workforces.It says workers who are not currently on site at its Meliadine and Meadowbank operations will be asked to stay home, while the reduced workforce that remains will keep the mines running.There haven't been any confirmed cases of COVID-19 in Nunavut and the company says that's also true of Agnico Eagle's global operations.Company spokesman Dale Coffin wrote in an email the Nunavut decision will affect about 450 of the company's 3,000 employees at the two mines, including kitchen and cleaning staff, miners, drivers, tradespeople and administration workers.In a report, National Bank Financial analyst Mike Parkin said the two mines are expected to produce a little over 30 per cent of Agnico's gold production for the first half of 2020."This precautionary measure is being implemented in order to eliminate the potential risk of transmission of COVID-19 from a southern worker to a Nunavut worker, with the risk of it moving into the communities," Agnico Eagle CEO Sean Boyd in a statement.This report by The Canadian Press was first published March 19, 2020.Companies in this story: (TSX:AEM)The Canadian Press

  • CNW Group

    Agnico Eagle Provides Update on Nunavut Operations

    TORONTO , March 19, 2020 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle" or "the Company") is providing an update on its Nunavut operations following yesterday's declaration of a state of public health emergency relating to COVID-19 by the Government of Nunavut . At the present time there are no confirmed cases of COVID-19 in Nunavut or at any of Agnico Eagle's global operations. The Company is working to ensure the continued health of local residents in the communities in which it operates.

  • Should You Be Pleased About The CEO Pay At Agnico Eagle Mines Limited's (NYSE:AEM)
    Simply Wall St.

    Should You Be Pleased About The CEO Pay At Agnico Eagle Mines Limited's (NYSE:AEM)

    Sean Boyd became the CEO of Agnico Eagle Mines Limited (NYSE:AEM) in 1998. This report will, first, examine the CEO...

  • Agnico (AEM) Down 37% Since Last Earnings Report: Can It Rebound?
    Zacks

    Agnico (AEM) Down 37% Since Last Earnings Report: Can It Rebound?

    Agnico (AEM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Oil’s Biggest Crash in a Generation Has Silver Lining for Miners
    Bloomberg

    Oil’s Biggest Crash in a Generation Has Silver Lining for Miners

    (Bloomberg) -- The financial turmoil crushing industrial-metals equities has a silver lining: lower energy prices can be a boon to miners.“It’s a big positive,” said David Harquail, chief executive officer of streaming and royalties company Franco-Nevada Corp. Fuel is a key operating cost for miners because it’s needed to run the giant machines that drill and process massive volumes of ore.Mining companies are “big energy consumers and to the extent their costs are lower, that helps their margins,” Harquail said in a phone interview. “If you look at the typical open pit, just the energy is about 25% of the cost of moving rock and crushing rock.”How positive the effects will be varies by company depending on the type of metal they produce and how they mine it. “The more downstream processing is involved to the refined commodity, the more the oil impact is diluted,” Colin Hamilton, an analyst at BMO Capital Markets, said in a research note.For gold companies, already benefiting from prices trading near a seven-year high, the likelihood of a positive impact is higher. For a company with cash costs of, say, $800 an ounce, roughly $200 would typically be energy costs, Harquail said. With energy prices close to halved, that’s a savings of $100 an ounce, he said.Lower oil prices “will have no negative impact, and the positive impacts on pricing, on our operating costs, are variable, given the different weighting of fuel (diesel, gas and heavy fuel) usage across our operations,” a Barrick Gold Corp. spokesman said by phone.For base-metals miners, the benefits are less cut and dry. Falling oil triggered by oversupply, now a key catalyst because of the Saudi-Russian price war, may provide a clear positive to mining companies. But when lower fuel prices are caused by the prospect of slowing economic growth -- as is the case with the coronavirus outbreak -- the benefits to miners of cheaper energy may be outweighed by the hit they take from lower prices for their own products.Copper futures have fallen 2.3% so far this week in New York, while an index of base-metal miners has plunged 9.1%.The outlook is more complicated for diversified miners that also have energy assets, such as Vancouver-based Teck Resources Ltd.“We assess commodity price changes on an ongoing basis to fully understand the potential impacts or benefits to our business,” Chris Stannell, a Teck spokesman, said by email. “The current volatility created by the level of uncertainty in the market makes it more challenging to evaluate.”The use of hedges to protect against price swings makes the picture even harder to gauge.“Anyone who uses lots of fuel will be seeing lower costs, depending on how much fuel price they hedged,” B2Gold Corp. CEO Clive Johnson said by phone.Agnico Eagle Mines Ltd. hedges 77% of its diesel exposure at its gold mines in the northern Canadian territory of Nunavut, Ben Lam, the miner’s vice president of treasury, said by phone. The company is now looking at ways to capture more of the price benefits of the current move down.Meanwhile, the Toronto-based company is benefiting from weaker currencies in the countries where it mines, including Canada and Mexico. For example, for every 1% gain in the U.S. dollar against its Canadian counterpart, Agnico’s cash costs fall $6 an ounce, the company said. Agnico hedges 16% of its Canadian dollar exposure and 8% of its Mexican peso exposure.Ultimately, the full impact of lower prices on miners will depend how long they last.“A one-day drop is not going to have a material benefit for miners like us, said Omar Jabara, a spokesman for Newmont Corp., the world’s largest gold producer. “It would need to be sustained lower prices before we saw a material benefit to our bottom line.”To contact the reporters on this story: Danielle Bochove in Toronto at dbochove1@bloomberg.net;Aoyon Ashraf in Toronto at aashraf7@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven Frank, Joe RichterFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Best Canadian Stocks for March 2020
    The Motley Fool

    Best Canadian Stocks for March 2020

    We asked our freelance writers to share their top stock picks for the month.

  • Thomson Reuters StreetEvents

    Edited Transcript of AEM.TO earnings conference call or presentation 14-Feb-20 4:00pm GMT

    Q4 2019 Agnico Eagle Mines Ltd Earnings Call