Barclays analyst Matthew Murphy lowered the firm’s price target on Agnico Eagle to $62 from $65 and keeps an Overweight rating on the shares. The company trimmed its 2023 production guidance at LaRonde, Fosterville, Kittila, and Pinos Altos, however the range of 3.24-3.44Moz is unchanged after consolidating Canadian Malartic, the analyst tells investors in a research note.
Published first on TheFly
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Read More on AEM:
- Rising Costs Means Falling Stock Price for Agnico Eagle
- AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS – LARGER ASSET PORTFOLIO DRIVES RECORD ANNUAL GOLD PRODUCTION, OPERATING CASH FLOW AND GLOBAL MINERAL RESERVES; UPDATED THREE YEAR GUIDANCE PROVIDED; 2023 FOCUS ON OPTIMIZING DETOUR LAKE AND CANADIAN MALARTIC AND LEVERAGING EXCESS MILL CAPACITY IN THE ABITIBI REGION TO ADVANCE KEY PIPELINE PROJECTS
- Agnico Eagle sees FY23 payable gold production 3.24M-3.44M ounces
- Agnico Eagle reports Q4 EPS 45c, consensus 42c
- Agnico Eagle options imply 1.9% move in share price post-earnings
