This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

7 Mining Stocks to Watch

Stocks in this article: IVN AEM NEM BHP CDE VALE HBM

6. Agnico-Eagle Mines (AEM) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, and exploration activities in Canada, Europe, Latin America and the U.S., where it has six operating 100%-owned mines.

Second quarter 2011 revenue was recorded at $434.9 million, vs. $353.9 million in the year-ago quarter. Net income for the quarter stood at $68.8 million, or 41 cents per share. During the quarter, the company recorded strong operating cash flow of $162.8 million, or 96 cents per share. Also, cash and cash equivalents increased to $139.0 million at the end of Jun. 2011, higher than the prior quarter's $114.8 million. Total cash costs for the quarter reduced to $565 per ounce from $482 per ounce in year-ago quarter.

At the end of second quarter 2011, payable production at the Pinos Altos mine stood at 51,066 ounces of gold at total cash cost per ounce of $299, as compared to 29,665 ounces at a total cash cost of $365 in the same quarter prior year. On consolidated basis, total payable production for gold was 239.3 million ounces, silver 1.2 million ounces, zinc 14.7 million ounces and copper 666,000 ounces.

At the end of August, the company went ex-dividend with shareholders being eligible for a dividend of 16 cents per share. AEM has a dividend yield of 1%.

Of the 20 analysts covering the stock, 60% recommend a buy and the rest rate a hold. The stock has no sell ratings. Data from Bloomberg has analysts forecasting the stock gaining 19.6% to $85.19 over the next 12 months.

3 of 8

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,819.09 +40.94 0.23%
S&P 500 2,069.00 +7.77 0.38%
NASDAQ 4,762.8260 +14.43 0.30%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs