AEM Earnings Prediction
The chart below shows how AEM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AEM sees a +1.59% change in stock price 10 days leading up to the earnings, and a +0.05% change 10 days following the report. On the earnings day itself, the stock moves by +1.12%. This data can give you a slight idea of what to expect for the next quarter's release.
AEM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.16B
31.25%
3.80%
Gross Margin
45.54%
59.34%
2.11%
Operating Margin
39.56%
83.23%
1.57%
Net Margin
26.31%
142.04%
15.75%
EPS
1.13
213.89%
20.21%
No Data Available
AEM Earnings Analysis
Agnico Eagle Mines Ltd. Corporation (AEM.N) Earnings Conference Call
Positive
Record Adjusted EBITDA Growth: 1. Record Adjusted EBITDA: Achieved a record adjusted EBITDA of approximately $1.26 billion, reflecting a 64% increase compared to the prior year period.
Record Free Cash Flow: 2. Significant Free Cash Flow: Generated record free cash flow of $620 million for the fourth consecutive quarter, demonstrating strong operational performance and cost control.
Shareholder Returns and Debt Reduction: 3. Strong Return to Shareholders: Returned approximately $700 million directly to shareholders through dividends and share buybacks year-to-date, alongside a $1 billion reduction in net debt, representing a two-thirds decrease since the start of the year.
Cost Management Success: 4. Operational Efficiency: Maintained cash costs at $897 per ounce year-to-date, which is $3 below the midpoint of cost guidance, showcasing effective cost management despite increased royalty payments.
Gold Production Milestone: 5. Record Production Levels: Produced 863,000 ounces of gold in Q3, with year-to-date production at 76% of the midpoint of full-year guidance, indicating strong operational capabilities and planning.
Negative
Rising Cash Costs: 1. Increased Cash Costs: Cash costs rose to $921 per ounce in Q3, slightly higher than previous quarters due to lower production volumes and increased royalties, indicating a cost pressure despite overall operational improvements.
Increased Sustaining Costs: 2. Higher All-In Sustaining Costs: The all-in sustaining costs increased to $12.86 per ounce in Q3, up from $11.69 in Q2, driven by higher sustaining capital spending, which could impact profitability if sustained.
Decreased Gold Output: 3. Lower Gold Production: Gold production for the quarter was 863,000 ounces, reflecting a planned shutdown and lower grade sequence at key sites, which may hinder meeting future production targets.
Labor Cost Challenges: 4. Labor Cost Inflation: The company anticipates a labor cost increase of around 3% for 2025, which could further strain operating margins if not managed effectively amid rising costs in the industry.
Debt Repayment Potential: 5. Potential for Increased Debt Repayment: While net debt was reduced to $490 million, the company may consider accelerated repayments on its term facility, indicating ongoing financial pressure despite improved cash flow.
AEM FAQs
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AEM Earning Call Sentiment
Agnico Eagle Mines Limited (AEM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AEM.N
-0.52%Positive
The earnings call summary highlights strong financial performance, with significant increases in EBITDA, free cash flow, and revenue. The company has returned substantial value to shareholders through dividends and buybacks, and has reduced net debt significantly. While there are risks, such as competitive pressures and regulatory challenges, the Q&A section shows management's proactive approach to addressing these concerns. Overall, the positive financial results, shareholder returns, and management's efforts to mitigate risks indicate a likely positive stock price movement.