Home » Stock Market Articles » Research Oracle: Agnico-Eagle Mines; AEM - SELL, AEM.TO - SELL
Research Oracle: Agnico-Eagle Mines; AEM - SELL, AEM.TO - SELL
A fundamental 4Q 07 & FY 2007 report with consideration of the currency impact for US$-based investors.
Read the full report free of charge with free to view access to institutional-quality research on 400 companies and over 700 stocks at www.researchoracle.com
/Stock Market PR News/ - LONDON, UK, April 09, 2008 - Agnico-Eagle Mines Ltd. (Agnico-Eagle) reported lackluster 4Q 07 and FY 2007 results, mainly due to a decline in production levels, which led to lower sales volumes. However, the decline in revenues was partially offset by an increase in the company's average price realization. In addition, the bottom-line was impacted by a rising input costs, reflecting sector-specific inflationary pressures. Going forward, we believe that the company's strong reserve and resource base, coupled with its growth projects, aimed at increasing its production levels, will support top-line growth. Furthermore, our outlook for gold prices is bullish. However, the NYSE common stock has appreciated significantly since our previous update report. Therefore, we believe that the NYSE common stock is trading above levels supported by company's fundamentals.
Read the full report free of charge with free to view access to institutional-quality research on 400 companies and over 700 stocks at www.researchoracle.com
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