Agnico Eagle's Q2 Earnings Beat Estimates on Higher Gold Prices
Agnico Eagle Mines Limited AEM reported adjusted earnings of $1.94 per share for the second quarter of 2025, up from $1.07 in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.83.The company generated revenues of $2,816.1 million, up nearly 35.6% year over year. The top line surpassed the Zacks Consensus Estimate of $2,553 million.Agnico Eagle Mines Limited Price, Consensus and EPS Surprise Agnico Eagle Mines Limited price-consensus-eps-surprise-chart | Agnico Eagle Mines Limited QuoteAEM’s Operational HighlightsPayable gold production was 866,029 ounces in the reported quarter, down from 895,838 ounces in the prior-year quarter. The figure missed our estimate of 866,598 ounces.Total cash costs per ounce for gold were $933, up from $870 a year ago. It outpaced our estimate of $918.Realized gold prices were $3,288 per ounce in the quarter, up from $2,342 a year ago. It beat our estimate of $2,929.All-in-sustaining costs (AISC) were $1,289 per ounce in the quarter compared with $1,169 per ounce a year ago. It surpassed our estimate of $1,212.AEM’s Financial PositionAEM ended the quarter with cash and cash equivalents of $1,558 million, up 69% year over year. Long-term debt was around $544.6 million.Total cash from operating activities amounted to $1,845 million in the second quarter, up from $961 million a year ago.AEM’s OutlookFor full-year 2025, the company expects gold production to range between 3.3 and 3.5 million ounces, with a midpoint estimate of 3.4 million ounces. Total cash costs per ounce are projected between $915 and $965, while AISC is forecast in the range of $1,250 to $1,300 per ounce, with a midpoint of $1,275.Exploration and corporate development expenses are expected to be between $215 million and $235 million, with a midpoint of $225 million. Depreciation and amortization expenses are forecasted to be $1.55-$1.75 billion, averaging $1.65 billion. The company anticipates general and administrative expenses to fall in the $190 million to $210 million range, with other costs projected between $105 million and $115 million.The effective tax rate for 2025 is expected to be between 33% and 38%, with cash taxes estimated in the range of $1.1 billion to $1.2 billion. The company also plans capital expenditures (excluding capitalized exploration) of $1.75 billion to $1.95 billion, and capitalized exploration spending is forecasted between $290 million and $310 million.AEM’s Price PerformanceAgnico Eagle’s shares have gained 71.1% in the past year compared with a 44.2% rise of the industry.Image Source: Zacks Investment ResearchAEM’s Zacks Rank & Other Key PicksAEM currently carries a Zacks Rank #1 (Strong Buy).Other top-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. RGLD, Avino Silver & Gold Mines Ltd. ASM and Barrick Mining Corporation B.Royal Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Avino Silver is scheduled to report second-quarter results on Aug 13. The Zacks Consensus Estimate for ASM’s second-quarter earnings is pegged at 3 cents. ASM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 104.2%. ASM currently carries a Zacks Rank #1.Barrick Mining is slated to report second-quarter results on Aug 11. The consensus estimate for Barrick’s earnings is pegged at 47 cents. Barrick, carrying a Zacks Rank #1, beat the consensus estimate in three of the last four quarters, with the average earnings surprise being 12.5%. Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>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 Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Barrick Mining Corporation (B): Free Stock Analysis Report Royal Gold, Inc. (RGLD): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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