Latest news with #AgnicoEagle
Yahoo
a day ago
- Business
- Yahoo
Rockcliffe Capital Assigns a Strong Buy Rating on Agnico Eagle Mines (AEM)
Agnico Eagle Mines Limited (NYSE:AEM) is one of the best high growth stocks. On June 23, Rockcliffe Capital initiated coverage of AEM with a Strong Buy rating and a price target of $155, indicating a 25% upside potential. Agnico Eagle has shown remarkable operational discipline and reported record-breaking financial results this quarter, noted Felix Gelt, Managing Director of Research at Rockcliffe Capital. With Q1 net income surging to $815 million (134% yoy increase) and free cash flow of $594 million. Revenue rose approximately 35% to $2.47 billion, while a 10% drop in all-in sustaining costs improved profitability. The company generated over $1 billion in operating cash flow and reduced its net debt to just $5 million, backed by a cash reserve of $1.1 billion. A front loader and a white dump truck in a mine site. Photo by Ivan on Pexels Strategic investments in assets such as Detour Lake and Upper Beaver, alongside the O3 Mining acquisition, reflect Agnico's long-term growth agenda. Shareholder returns also remain a priority, with a $0.40 per share dividend and $50 million in buybacks this quarter. Rockcliffe Capital sees 25% upside potential for Agnico Eagle. However, the outlook is not without risks, including volatility in gold prices, possible project delays, and macroeconomic headwinds such as a rising US dollar or interest rates. Agnico Eagle Mines Limited (NYSE:AEM), headquartered in Toronto and incorporated in 1953, is a leading gold mining company focused on the exploration, development, and production of precious metals, including gold, silver, zinc, and copper. While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Jim Cramer on New Gold: 'It's Okay'
New Gold Inc. (NYSE:NGD) is one of the stocks Jim Cramer reflected on. During the lightning round, a caller inquired about the stock, and Cramer replied: 'It's okay. I mean, why not buy Agnico Eagle? That's the one I really, really like. They're doing so well. Let's go with that, Agnico.' Pixabay/Public Domain New Gold (NYSE:NGD) is a mining company focused on the exploration, development, and operation of mineral properties, primarily producing gold, silver, and copper from its key assets in Ontario and British Columbia. The company recently announced its Q2 earnings result date, which is set on July 28. During the last quarter earnings, New Gold's (NYSE:NGD) President and CEO, Patrick Godin, noted a strong start to the year, highlighting the company's full ownership of New Afton, successful refinancing of senior notes, and extension of its credit facility. Two updated Technical Reports were also released, which showed improved production outlooks and reduced costs. The CEO added: 'Operationally, we delivered our first quarter as planned, advancing several critical path objectives to set ourselves up to achieve our annual guidance. At New Afton, B3 grades were higher than expected as the cave nears exhaustion, which is now expected by the end of the second quarter of 2025. At Rainy River, our efforts to sequence waste stripping in the early months of the year have allowed us to remain on-track for a step-up in production starting in the second quarter, and to deliver an improved second half of the year. Additionally, underground development continues to advance, and I'm pleased to report the successful pit portal breakthrough occurred in early April, an important catalyst that enables the underground ramp-up to advance throughout the year.' While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
UPDATE – Rockcliffe Capital Initiates Coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM) with a "Strong Buy" Rating and US$155 Price Target
TORONTO, June 23, 2025 (GLOBE NEWSWIRE) -- Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM), a premier senior gold mining company with operations spanning Canada, Finland, Australia, Mexico, and the U.S. Following rigorous financial and operational analysis, Rockcliffe Capital assigns Agnico Eagle a "Strong Buy" rating, alongside a 12-month price target of US$155, reflecting strong upside potential of approximately 25% from current market levels. 'Agnico Eagle has delivered extraordinary operating discipline and record earnings this quarter,' said Felix Gelt, Managing Director of Research at Rockcliffe Capital. 'With Q1 net income soaring to US$815 M—up 134% YoY—and free cash flow reaching US$594 M amid near-zero debt, Agnico offers both growth and balance sheet strength in the gold sector.' Investment Thesis Highlights: Earnings Powerhouse: Q1 2025 net income rose to US$815 million (US$1.62 EPS), a 134% YoY increase, driven by record operating margins from elevated gold prices. Revenue & Margin Strength: Q1 revenue climbed 34.9% YoY to US$2.468 billion, while all-in sustaining costs (AISC) dropped ~10% to US$1,183/oz, delivering a ~59% margin. Balance Sheet Resilience: Operating cash flow hit US$1.044 billion, free cash flow was US$594 million, enabling net debt to fall to just US$5 million, with cash reserves of US$1.138 billion. Strategic Growth Initiatives: Ongoing capital deployment into high-quality projects like Detour Lake, Upper Beaver, and the O3 Mining acquisition enhances reserve base and future production visibility. Shareholder Returns: Maintains a US$0.40/share quarterly dividend. NCIB buybacks of US$50 million executed in the quarter; the Board plans an expanded NCIB of up to US$1 billion. ESG Leadership: Released its 16th Sustainability Report highlighting best-in-class emissions intensity (0.38 tCO₂e/oz), US$1 billion Indigenous economic commitment, and sector-leading safety. Valuation & Target:Utilizing a disciplined valuation framework with a projected 2026 EV/EBITDA multiple of ~8× and P/E multiple of ~18×, Rockcliffe Capital derives a 12-month price target of US$155, equivalent to ~US$115/share, indicating ~25% upside from current levels. Risk Factors: Gold Price Volatility: A sustained decline in gold prices could compress margins and cash flow. Project Execution: Delays at key sites (e.g., underground transitions, permitting) could affect supply outlook. Macro Factors: A stronger U.S. dollar or higher real interest rates may weigh on gold sector valuations. About Rockcliffe Capital Research Rockcliffe Capital's Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions. Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership. Please contact research@ for access to our full research suite and initiation reports. Media Contact Rockcliffe Capital Research & Markets Division research@ +1 (416)-642-1967 This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
Why Agnico Eagle Deserves a Spot in a Defensive Dividend Portfolio
Agnico Eagle Mines Limited (NYSE:AEM) is included among the . A closeup image of a miner holding a pile of gold nuggets, a representation of the company's royalty. The company is a leading gold producer with mining operations in Canada, Finland, Australia, and Mexico. It is recognized for its stable operations, long-life mining assets, and solid financial position. Although gold prices can fluctuate, Agnico has a track record of maintaining resilient performance over the long term. Agnico Eagle Mines Limited (NYSE:AEM) has shown remarkable growth in its gold production over the years. Back in 2008, the company operated only a single mine, LaRonde. Since then, it has significantly expanded its presence to 11 mines spread across four countries. This growth has been fueled by the development of new mining projects and well-planned acquisitions, particularly in regions considered to be lower risk. Agnico Eagle Mines Limited (NYSE:AEM) reported a solid cash position in the first quarter of 2025. The company's operating cash flow came in at $1.2 billion, and its free cash flow amounted to $594 million. Currently, it offers a quarterly dividend of $0.40 per share for a dividend yield of 1.34%, as of July 15. The company has paid uninterrupted dividends to shareholders since 1983. While we acknowledge the potential of AEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Globe and Mail
17-07-2025
- Business
- Globe and Mail
5 Top-Ranked Gold Mining Stocks Amid Strong Central Bank Purchases
Gold prices are witnessing a northward journey this year, benefiting the stocks associated with yellow metal mining. The momentum of yellow metal is likely to continue as the World Gold Council has stated that the gold mining industry is facing a scarcity of deposits. On the demand side, several central banks of emerging economies are continuously buying the yellow metal. At this stage, it will be fruitful to buy gold mining stocks with a favorable Zacks Rank. Five such stocks are: Franco-Nevada Corp. FNV, Royal Gold Inc. RGLD, Kinross Gold Corp. KGC, AngloGold Ashanti plc AU and Agnico Eagle Mines Ltd. AEM. Each of our picks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Solid Gold Demand by Central Banks Central Banks are bolstering their gold reserves following rising global debt levels, trade and tariff-related uncertainties and lingering geopolitical risks, especially in the Middle East. Central bankers are purchasing more gold from local miners without weighing on foreign exchange reserves, especially the U.S. dollar. Spot gold price is currently around $3,342/oz, up 37% year to date. Moreover, central banks across the world are in the process of cutting interest rates in order to spur economic growth. A low market interest rate is beneficial for non-income-bearing bullions like gold. Additionally, the use of gold in energy, healthcare and technology is rising. Therefore, an eventual demand-supply imbalance is likely to drive gold prices. Market participants are optimistic about the gold mining industry's prospects. Giant investment bankers like Goldman Sachs and JP Morgan have forecasted that gold prices could climb to $4,000/ounce by 2026, suggesting continued bullish momentum. The chart below shows the price performance of our five picks year to date. Franco-Nevada Corp. Franco-Nevada is well-poised to deliver strong earnings growth aided by increased contributions from its streaming agreements. Contribution from buyouts and a healthy portfolio of royalty and streaming agreements will aid the growth of FNV. Even though the company has been facing lower output due to the production halt in Cobre Panama, it is likely to be offset by FNV's continued focus on cost management. FNV has a debt-free balance sheet and uses its free cash flow to expand portfolio and pay out dividends. Gold prices have been on an uptrend in 2025, aided by geopolitical reasons, and the potential for monetary policy easing. This rise in gold price will also boost the results of FNV in the coming quarters. Franco-Nevada has an expected revenue and earnings growth rate of 34.6% and 43.9%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last seven days. Royal Gold Inc. Royal Gold has been benefiting from its solid streaming agreements. RGLD has been benefiting from its acquisitions and strong business model. Despite persistent inflationary pressures in the broader economy, the company has been maintaining high margins. RGLD maintains a strong balance sheet, which is likely to drive growth in the upcoming quarters. This rise in metal prices, like gold and silver, will boost RGLD's results in the coming quarters. RGLD is focused on allocating its strong cash flow to dividends, debt reduction and new businesses. Royal Gold has an expected revenue and earnings growth rate of 28.8% and 42%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.5% over the last 30 days. Kinross Gold Corp. Kinross Gold has a strong production profile and boasts a promising pipeline of exploration and development projects. These projects are expected to boost production and cash flow and deliver significant value. KGC is focusing on organic growth through its Tasiast mine, where the Phase One expansion boosted production capacity, and the Tasiast 24K expansion further increased throughput and production. KGC's Manh Choh project at Fort Knox is expected to extend operations and benefit from higher gold prices. The Great Bear project in Ontario also offers a promising long-term opportunity with substantial gold resources. Higher gold prices should also boost KGC's profitability and drive cash flow generation. Kinross Gold has an expected revenue and earnings growth rate of 17.9% and 72.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.4% over the last 30 days. AngloGold Ashanti plc AngloGold Ashanti operates as a gold mining company in Africa, Australia, and the Americas. AU primarily explores for gold, as well as produces silver and sulphuric acid as by-products. AU's flagship property is a fully owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. AngloGold Ashanti has an expected revenue and earnings growth rate of 52.8% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.6% over the last 30 days. Agnico Eagle Mines Ltd. Agnico Eagle Mines is focused on executing projects that are expected to provide additional growth in production and cash flows. AEM is advancing its key value drivers and pipeline projects. The Kittila expansion promises cost savings, while acquisitions like Hope Bay and the merger with Kirkland Lake Gold strengthen AEM's market position. The merger with Kirkland Lake Gold established the new Agnico Eagle as the industry's highest-quality senior gold producer. Higher gold prices are also expected to drive AEM's margins. Strategic diversification mitigates risks, supported by prudent debt management and maintaining financial flexibility. Agnico Eagle Mines has an expected revenue and earnings growth rate of 26.6% and 52.5%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 7% over the last 30 days. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC): Free Stock Analysis Report AngloGold Ashanti PLC (AU): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Franco-Nevada Corporation (FNV): Free Stock Analysis Report Royal Gold, Inc. (RGLD): Free Stock Analysis Report
