This Day On The Street
Continue to site
ADVERTISEMENT
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

7 Mining Stocks to Watch

6. Agnico-Eagle Mines (AEM - Get Report) 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
HBM $8.03 -2.00%
NEM $23.91 1.00%
VALE $5.59 -4.40%
AEM $29.94 5.30%
BHP $39.53 -4.30%

Markets

DOW 17,626.73 -103.38 -0.58%
S&P 500 2,063.10 -13.68 -0.66%
NASDAQ 4,973.74 -35.4740 -0.71%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs