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Agnico-Eagle: Value for the Risk-Averse Investor



February 28, 2011 by · Leave a Comment 

David Urban submits:

Agnico-Eagle (AEM) is a Toronto based Gold producer with operating mines in North America and Finland. Formed in 1972 from the merger of Agnico Mines and Eagle Gold Mines, Agnico-Eagle is focused on a strategy of acquiring and developing quality projects in low risk regions of the world.

4th quarter 2010 sales were $439 million, an increase of 94.5% over the $225.6 million in the 4th quarter of 2009. Net income was $0.53 per share, an increase of 71% over the $0.31 reported in the 4th quarter of 2009. The 53 cents figure includes a loss of $0.04 per share from a combination of stock options, gain on the sale of investments, and foreign currency translation losses.

For the full year 2010 EPS was $2.05 per share compared with $0.55 per share in 2009. Sales were $1.422 billion in 2010 an increase of 131.7% over $613.8 million in sales over

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