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Zenith Index |
Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is considered strong and
> 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.
Agnico Eagle Mines Limited (AEM) Exchange: NYSE 145 King Street East Suite 400 Sector: Basic Materials Toronto, ON M5C 2Y7 Industry: Gold Canada Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits. The company's flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2018, its LaRonde mine had a proven and probable mineral reserve of approximately 3.1 million ounces of gold. The company is also involved in exploration activities in Europe, Latin America, and the United States. Agnico Eagle Mines Limited was founded in 1953 and is headquartered in Toronto, Canada. Last Trade: 53.20 52-Week Range: 54.20 - 32.18 Employees: 5,990 Avg.Volume: 1,358,780 Shares Corporate Governance: Pillar scores are Audit: 1; Board: 2; Shareholder Rights: 1; Compensation: 9. (A lower number means less governance risk.) EPS: -1.43 Dividend Amount: $ 0.50 Yield: 0.93% Ex-Dividend Date: Aug 28, 2019 Payout Ratio: 0.00 Key Statistics: Trailing P/E: 0.00 Forward P/E (est.): 43.98 Target Price: 56.44 Qrtly Stock Price Growth (yoy): 25.26% Beta: 0.00 Qrtly S&P Index Growth (yoy): 0.00% Short Ratio: 3.66% Qrtly Revenue Growth (yoy): 5.92% Shares Out: 234790000 Qrtly Earnings Growth (yoy): 0.00% Book Value: 0.00 Debt/Equity: 0.00% Price/Book Value: 2.76 Operating Profit Margin: 0.00% Price/Sales: 5.88 Profit Margin: 0.00% Market Cap: 12,611,000,000 Return on Equity: 0.00% Enterprise Value: 14,030,000,000 Return on Assets: 0.00% Operating Cash Flow: 605,650 Free Cash Flow: -872,817 Annual Income Statement: (All numbers in thousands) Period Ending 12/31/2018 12/31/2017 12/31/2016 Total Revenue 2,191,221 2,242,604 2,138,232 Cost of Revenue 1,144,355 1,055,342 1,025,292 Gross Profit 1,046,866 1,187,262 1,112,940 Operating Expenses: Research & Development 0 0 0 Selling, General & Administrative 150,234 137,603 102,781 Non-Recurring Expenses 0 0 0 Other Operating Expenses 27,592 -11,445 -1,578 Total Operating Expenses 2,089,099 1,809,150 1,802,641 Operating Income or Loss 102,122 433,454 335,591 Income from Continuing Operations: Total Other Income/Expenses Net -361,174 -94,165 -67,130 Earnings Before Interest & Taxes 102,122 433,454 335,591 Interest Expense -83,649 -68,086 -65,422 Income Before Taxes -259,052 339,289 268,461 Income Tax Expense 67,649 98,494 109,637 Minority Interest 0 0 0 Net Income from Continuing Op.s -326,701 240,795 158,824 Non-recurring Events: Discontinued Operations 0 0 0 Extraordinary Items 0 0 0 Effect of Accounting Changes 0 0 0 Other Items 0 0 0 Net Income -326,701 240,795 158,824 Preferred Stock & Other Adjustments 0 0 0 Net Income Avail to Common Shares -326,701 240,795 158,824 Annual Cash Flow Statement: (All numbers in thousands) Period Ending 12/31/2018 12/31/2017 12/31/2016 Net Income -326,701 240,795 158,824 Operating Activities: Depreciation 654,609 508,739 613,160 Adjustments to Net Income 317,630 89,836 -57,798 Changes in Accounts Recv'bls 1,945 -3,815 -471 Changes in Liabilities 29,034 44,694 -35,408 Changes in Investories -52,316 -64,889 20,355 Changes in other Oper'g Acts -16,260 -15,890 51,873 Total Cash Flow f Operations 605,650 767,557 778,617 Investing Activities: Capital Exenditures -1,251,579 -874,153 -528,484 Investments 11,175 -53,886 -25,293 Other Cash Flows fr Investing 790 -24 287 Total Cash Flows from Investing -1,204,368 0 -553,490 Financing Activities: Dividends Paid -83,961 -76,075 -71,375 Sale of Purchase of Stock 0 0 0 Net Borrowings 346,618 164,336 56,207 Other Cash Flows fr Financing -3,215 -3,505 287 Total Cash Flows from Financing 274,099 329,167 190,386 Effect of Exchange Rate Chg -6,533 -3,668 311 Change in Cash & Cash Equiv. -331,152 93,004 415,824 Annual Balance Sheets: (All Numbers in Thousands) Period Ending 12/31/2018 12/31/2017 12/31/2016 Current Assets: Cash & Cash Equivalents 301,826 632,978 539,974 Short Term Investments 6,080 133,694 100,734 Net Receivables 121,154 109,191 85,565 Inventory 494,150 500,976 443,714 Other Current Assets 17,564 31,192 12,776 Total Current Assets 1,072,452 1,461,534 1,230,179 Long-Term Investments 0 0 0 Property, Plant & Equipt 6,234,302 5,626,552 5,106,036 Goodwill 407,792 696,809 696,809 Intangible Assets 0 0 0 Accumulated Amortization 0 0 0 Other Assets 138,297 80,706 74,927 Deferred LT Asset Charges 0 0 0 Total Assets 7,852,843 7,865,601 7,107,951 Current Liabilities: Accounts Payable 163,032 144,135 111,173 Current Portion LT Debt 0 0 129,896 Other Current Liabilities 53,307 46,438 64,361 Total Current Liabilities 361,449 333,821 423,622 Long Term Debt 1,721,308 1,371,851 1,072,790 Other Liabilities 1,220,074 1,211,023 1,112,746 Deferred LT Liab. Charges 0 0 0 Minority Interest 0 0 0 Negative Goodwill 0 0 0 Total Liabilities 3,302,831 2,918,610 2,615,477 Stockholder Equity: Misc. Options, Warrants 0 0 0 Redeemable Preferred Stock 0 0 0 Preferred Stock 0 0 0 Common Stock 5,362,169 5,288,432 4,987,694 Retained Earnings -988,913 -598,889 -744,453 Treasury Stock 139,502 220,194 211,979 Capital Surplus 37,254 37,254 37,254 Other Stockhohlder Equity 139,502 220,194 211,979 Total Stockholder Equity 4,550,012 4,946,991 4,492,474 Net Tangible Assets 4,142,220 4,250,182 3,795,665 Agnico Eagle Mines Limited (AEM) [Indices near +3.0, near zero, or < zero bear special attention.] P/E Ratio Tests: P/E Ratio < 28? 0.0000 P/E Ratio > 5? 0.0000 P/E Ratio Vs Growth Rate: 0.0000 Forward P/E Ratio < 28? 0.6367 Price/Sales Ratio < 2.3? 0.3912 Inventory/Sales < 5%? 0.2217 Sales < $1 Billion? 0.4564 Operating Margin < 7.5%? 0.0000 Balance Sheet Tests: Debt/Equity < 0.40? 1.0000 Long-Term Debt Service: 2.6433 LTD Being Reduced? -3.0000 Short-Term Debt Service: -1.2208 Current Ratio > 2? 1.4835 Working Capital >= 1.5? 0.5123 Leverage Ratio < 20%? 0.1246 Debt/Assets < 1? 3.0000 Quick Ratio > 1? 3.0000 Inventory Turnover > 1? 0.2365 Share Equity Increase: 2.0209 Market Cap.< 1.5 Billion? 0.1189 Intangibles < 3% Assets? 0.5777 Income Tests: Profit Margin < 7.5%? 0.0000 EPS Annual Growth > 10%? -0.0737 Dividend Yield > 2.0%? 2.1505 EPS 3-yr Growth > 15? -0.0729 Enterprise Value/Revenue 3.0000 EPS Growth Consistent? 0.0000 Enterprise Value/EBITDA: 3.0000 Collection < 45 days? 2.2298 EPS Qrtly Growth > 10%? 0.0000 Gross Pft/Cur. LTD > 1? 3.0000 Borrowing Int. Rate < 6%? -1.2347 Stock Performance Tests: Volatility > 25%? 1.6251 % Held by Insiders < 5%? 3.0000 Beta > 1.25? 0.0000 % Held by Institut. < 50? 0.6563 50 Da MA > 200 Da MA? 0.3417 % Held by Institut. > 30? 2.5397 52-Wk Change vs. S&P 500: 3.0000 Short Ratio > 5? 0.7320 Price/Book Value < 3? 3.0000 Short % of Float > 20? 0.0000 Return on Assets > 17%? 0.0000 Average Volume > 100,000? 3.0000 Cash Flow Tests: Oper. C.F. > Lever'd C.F: -0.6939 Positive Free Cash Flow? -1.0000 Positive Oper. Cash Flow? 3.0000 Price to C.F.Ratio < 14?: 2.3137 Cash Flow / Assets > 10%? 2.6540 AEM Agnico Eagle Mines Limited Overall Zenith Index: 0.9872
Financial Statements |
AGNICO EAGLE MINES LTD (AEM) INCOME STATEMENT Fiscal year ends in December. USD in thousan 2014-12 2015-12 2016-12 2017-12 2018-12 TTM Revenue 1,896,766 1,985,432 2,138,232 2,242,604 2,191,221 2,145,009 Cost of revenue 1,438,187 1,603,904 1,645,052 1,566,581 1,714,288 1,689,727 Gross profit 458,579 381,528 493,180 676,023 476,933 455,282 Costs and expenses Sales, General and administrative 118,771 96,973 102,781 115,064 124,873 120,505 Interest expense 73,393 75,228 74,641 78,931 96,567 100,517 Other operating expenses 77,277 126,699 47,297 139,647 514,545 510,144 Total costs and expenses 269,441 298,900 224,719 333,642 735,985 731,166 Income before income taxes 189,138 82,628 268,461 342,381 -259,052 -275,884 Provision for income taxes 106,168 58,045 109,637 98,494 67,649 58,715 Net income from continuing operations 82,970 24,583 158,824 243,887 -326,701 -334,599 Net income 82,970 24,583 158,824 243,887 -326,701 -334,599 Net income available to common shareholders 82,970 24,583 158,824 243,887 -326,701 -334,599 Earnings per share Basic 0.43 0.11 0.71 1.06 -1.40 -1.43 Diluted 0.39 0.11 0.70 1.05 -1.40 -1.43 Weighted average shares outstanding Basic 195,223 216,168 222,737 230,252 233,251 233,771 Diluted 196,201 217,101 225,754 232,461 233,251 233,771 ____________________________________________________________________________________________________________________________________________ AGNICO EAGLE MINES LTD (AEM) BALANCE SHEET Fiscal year ends in December. USD in thousan 2014-12 2015-12 2016-12 2017-12 2018-12 Assets Current assets Cash Short-term investments 61,089 39,307 100,734 133,694 82,612 Total cash 238,626 163,457 640,708 766,672 384,438 Receivables 132,025 110,132 85,565 109,191 121,154 Inventories 446,660 461,976 443,714 500,976 494,150 Prepaid expenses 39,608 71,811 47,416 53,503 55,146 Other current assets 51,141 22,049 12,776 31,192 17,564 Total current assets 908,060 829,425 1,230,179 1,461,534 1,072,452 Non-current assets Property, plant and equipment Gross property, plant and equipment 8,956,950 9,471,434 8,878,584 10,033,352 11,255,516 Accumulated Depreciation -3,655,454 -4,382,467 -3,772,548 -4,406,800 -5,021,214 Net property, plant and equipment 5,301,496 5,088,967 5,106,036 5,626,552 6,234,302 Goodwill 582,461 696,809 696,809 696,809 407,792 Other long-term assets 48,521 67,979 74,927 80,706 138,297 Total non-current assets 5,932,478 5,853,755 5,877,772 6,404,067 6,780,391 Total assets 6,840,538 6,683,180 7,107,951 7,865,601 7,852,843 Liabilities and stockholders' equity Liabilities Current liabilities Accounts payable 91,120 132,914 111,173 144,135 163,032 Short-term debt 52,182 14,451 129,896 0 0 Capital leases 22,142 9,589 5,535 3,412 1,914 Income taxes payable 19,328 14,852 35,070 16,755 18,671 Accrued liabilities 92,613 85,378 89,113 109,101 112,718 Other current liabilities 51,281 54,338 52,835 60,418 65,114 Total current liabilities 328,666 311,522 423,622 333,821 361,449 Non-current liabilities Long-term debt 1,322,461 1,118,187 1,072,790 1,371,851 1,721,308 Capital leases 21,137 9,547 6,319 1,915 0 Deferred taxes liabilities 832,201 802,114 819,562 827,341 796,708 Pensions and other postretirement benefits 17,507 17,146 19,273 33,542 32,881 Other long-term liabilities 250,076 283,644 273,911 350,140 390,485 Total non-current liabilities 2,443,382 2,230,638 2,191,855 2,584,789 2,941,382 Total liabilities 2,772,048 2,542,160 2,615,477 2,918,610 3,302,831 Stockholders' equity Additional paid-in capital 4,637,042 4,745,194 5,024,948 5,325,686 5,399,423 Retained earnings -779,382 -823,734 -744,453 -595,797 -988,913 Accumulated other comprehensive income 210,830 219,560 211,979 217,102 139,502 Total Stockholders' equity 4,068,490 4,141,020 4,492,474 4,946,991 4,550,012 Total liabilities and stockholders' equity 6,840,538 6,683,180 7,107,951 7,865,601 7,852,843 ____________________________________________________________________________________________________________________________________________ AGNICO EAGLE MINES LTD (AEM) Statement of CASH FLOW Fiscal year ends in December. USD in thousan 2014-12 2015-12 2016-12 2017-12 2018-12 TTM Cash Flows From Operating Activities Depreciation & amortization 433,628 608,609 613,160 508,739 553,933 547,805 Investment/asset impairment charges 15,763 12,035 -120,161 8,532 389,693 0 Investments losses (gains) -5,635 -24,600 -3,500 -168 0 0 Deferred income taxes 37,058 6,550 7,609 10,855 -30,961 -24,373 Stock based compensation 37,565 35,822 33,804 43,674 50,658 50,209 Accounts receivable 17,237 52,019 -471 -3,815 1,945 3,471 Inventory -1,354 -40,547 20,355 -64,889 -52,316 -60,654 Accounts payable -3,391 20,464 -35,408 44,694 29,034 1,440 Accrued liabilities -126 710 -1,136 -2,168 2,066 5,796 Interest payable -126 710 -1,136 -2,168 2,066 5,796 Other working capital 31,684 -77,149 82,227 -43,467 -22,683 -45,055 Other non-cash items 106,021 21,615 183,274 267,738 -317,785 62,199 Net cash provided by operating activities 668,324 616,238 778,617 767,557 605,650 546,634 Cash Flows From Investing Activities Investments in property, plant, and equipmen -475,412 -449,758 -516,050 -874,153 -1,089,100 -1,106,359 Property, plant, and equipment reductions 0 0 0 0 35,246 35,511 Acquisitions, net -400,032 -12,983 -12,434 -71,989 -162,479 0 Purchases of investments -29,650 -22,638 -34,754 -54,219 -11,163 -30,423 Sales/Maturities of investments 44,692 61,075 9,461 333 22,338 23,246 Other investing activities 8,783 49,785 287 -24 790 768 Net cash used for investing activities -851,619 -374,519 -553,490 -1,000,052 -1,204,368 -1,077,257 Cash Flows From Financing Activities Debt issued 1,011,027 486,000 475,000 580,000 650,000 400,000 Debt repayment -745,503 -720,743 -415,378 -415,664 -303,382 -55,840 Common stock issued 10,428 9,411 29,027 224,896 13,757 14,285 Repurchases of treasury stock -7,518 -11,899 -15,576 -24,684 -30,062 -27,876 Cash dividends paid -54,065 -59,512 -71,375 -76,075 -83,961 -86,790 Other financing activities 14,867 15,983 188,688 40,694 27,747 31,214 Net cash provided by (used for) financing 229,236 -280,760 190,386 329,167 274,099 274,993 Effect of exchange rate changes -7,505 -14,346 311 -3,668 -6,533 -6,590 Net change in cash 38,436 -53,387 415,824 93,004 -331,152 -262,220 Cash at beginning of period 139,101 177,537 124,150 539,974 632,978 452,258 Cash at end of period 177,537 124,150 539,974 632,978 301,826 190,038 Free Cash Flow Operating cash flow 668,324 616,238 778,617 767,557 605,650 546,634 Capital expenditure -475,412 -449,758 -516,050 -874,153 -1,089,100 -1,106,359 Free cash flow 192,912 166,480 262,567 -106,596 -483,450 -559,725 ____________________________________________________________________________________________________________________________________________
Average to Current P/E Ratios |
(AEM) Agnico Eagle Mines Ltd. 2014 2015 2016 2017 2018 Annual Earnings: 0.43 0.14 0.93 1.36 -1.82 Average Price During Year: 31.86 28.31 43.02 45.46 40.94 P/E Ratio: 74.09 202.21 46.26 33.43 22.50 Average 5-Year P/E Ratio = 75.70 Current Price = 53.78 Previous 5 Quarter Earnings: 0.24 0.03 0.09 -2.22 0.21 Current Annualized (Last Four Quarters) Earnings = -1.92 ________ Average PE / Current PE = -2.70 -------- ...a number above 1.00 is good 1.00 or below is bad
Financial Ratios |
. . . . . . . . . . . . Lowest to Highest, Compared to Industry
Intrinsic Value (DCF) |
Intrinsic Value by Discounted Cash Flow Method:
Fair Value Estimator |
Fair Value Estimate:
Projected Earnings |
Research Reports |
Analysts' Opinions |
Insider Activity |
Institutional Activity |
Institutional Orders to Buy or Sell:
Sentiment |
Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.
Short Interest Ratio |
As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.
Standard & Poor's |
Management's Discussion of Results of Operations Excerpts |
Channeling Potential |
The summary below includes a value for `Degree,' which refers on a scale of 1 to 10 the range of a channel in the period under consi- deration compared to the total range of price movement. It also looks for the last closing price to be within the channel, otherwise zeroed. The `Index' is the `Degree' weighted for volatility. Generally, the the higher the index, the more suitable is the stock for trading as a `rolling stock' between channel high and low points. Results for AGNICO EAGLE MINES LTD.: Symbol? AEM Total Months Available: 25 Months in Cycle? 4 Months Covered by Periods: 12 Period 1 Period 2 Period 3 H1 L1 H2 L2 H3 L3 45.75 32.18 44.95 34.05 54.20 39.66 RANGE = 54.20 TO 32.18 Close = 53.65 CHANNEL = 44.95 TO 39.66 Degree = 2 Volatility = 9.86% Index = 1
MACD Histogram Divergence |
The theory is that connecting the two most recent peaks or valleys of the MACD histogram will signal the direction of the next major move.
Intraday Chart |
2 Days:
Val Idea |
3 out of 8 favorable, (negative opinion.)
Stock Consultant |
Point & Figure Chart |
Wall Street Analyzer |
Marketspace Chart |
Time Series Forecast |
Neural Network Prediction |
"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."
Ultimate Trading Systems |
2 out of 3 of the ultimate systems favor an upmove.
System Below:
Short term outlook: Positive: Bright Green, Negative: Bright Red
Long term outlook: Postive: Dark Green, Negative: Dark Red.
Recommendation |
Factors | Weighted Points |
---|---|
News | + 1 |
Comparison | + 1 |
Industry | 1 |
Bond Issue | 0 |
Zenith Index | - 1 |
Non-GAAP vs. GAAP Earnings | + 1 |
Cash Flow | - 1 |
Average to Current P/E | - 1 |
Ratios | - 1 |
Intrinsic Value DCF | - 1 |
Fair Value Estimator | - 1 |
Projected Earnings | + 1 |
Research Reports | - 1 |
Analysts | + 1 |
Executive Perquisites | - 1 |
Insider Activity | - 1 |
Institutional Activity | - 1 |
Management Reporting | + 1 |
Short Interest | + 1 |
Sentiment | + 1 |
Standard & Poor's | + 1 |
MACD Histogram Divergence | - 1 |
Val Idea | - 1 |
Stock Consultant | - 1 |
Point & Figure | + 1 |
Wall Street Analyzer | + 1 |
Marketspace Chart | + 1 |
Time Series Chart | - 1 |
Neural Network | + 1 |
Stock Options | + 1 |
Ultimate Trading Systems | + 1 |
Total | + 2 |
Place 560 shares of Agnic Eagle Mines, Ltd. (AEM) on the Active List.