James Nasso - Agnico Eagle Independent Chairman of the Board

AEM Stock  CAD 87.26  1.30  1.51%   

Chairman

Mr. James D. Nasso is Independent Chairman of the Board of Agnico Eagle Mines Limited. Mr. Nasso, now retired, was an independent businessman who founded and ran his own successful company. Mr. Nasso is a graduate of St. Francis Xavier University and is a certified director of the Institute of Corporationrationrate Directors .
Age 85
Address 145 King Street East, Toronto, ON, Canada, M5C 2Y7
Phone416 947 1212
Webhttps://www.agnicoeagle.com

Agnico Eagle Management Efficiency

The company has return on total asset (ROA) of 0.0342 % which means that it generated a profit of $0.0342 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1089 %, meaning that it generated $0.1089 on every $100 dollars invested by stockholders. Agnico Eagle's management efficiency ratios could be used to measure how well Agnico Eagle manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of April 2024, Return On Tangible Assets is likely to grow to 0.08. Also, Return On Capital Employed is likely to grow to 0.08. At this time, Agnico Eagle's Return On Tangible Assets are very stable compared to the past year. As of the 25th of April 2024, Intangibles To Total Assets is likely to grow to 0.15, while Other Current Assets are likely to drop about 34.1 M.
The company has accumulated 100 M in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. Agnico Eagle Mines has a current ratio of 2.13, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Agnico Eagle until it has trouble settling it off, either with new capital or with free cash flow. So, Agnico Eagle's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Agnico Eagle Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Agnico to invest in growth at high rates of return. When we think about Agnico Eagle's use of debt, we should always consider it together with cash and equity.

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Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company was incorporated in 1953 and is headquartered in Toronto, Canada. AGNICO EAGLE operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 6810 people. Agnico Eagle Mines (AEM) is traded on Toronto Exchange in Canada and employs 41 people. Agnico Eagle is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Agnico Eagle Mines Leadership Team

Elected by the shareholders, the Agnico Eagle's board of directors comprises two types of representatives: Agnico Eagle inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Agnico. The board's role is to monitor Agnico Eagle's management team and ensure that shareholders' interests are well served. Agnico Eagle's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Agnico Eagle's outside directors are responsible for providing unbiased perspectives on the board's policies.
CarolAnn PlummerTheriault, Vice President Sustainability
Donald Allan, Senior Vice President - Corporate Development
Leanne Baker, Independent Director
Sean Boyd, Chief Executive Officer, Vice Chairman of the Board
Gregory Laing, Senior Vice President - Legal, General Counsel, Corporate Secretary
CA CFA, VP Devel
Mel Leiderman, Independent Director
Jean Robitaille, Senior Vice President - Business Strategy and Technical Services
James Nasso, Independent Chairman of the Board
Pertti Voutilainen, Independent Director
P MBA, Australia Ontario
Mathew Cook, VP Controller
Deborah McCombe, Independent Director
Robert Gemmell, Independent Director
BSc ENG, Quebec Nunavut
BSc Eng, Executive Excellence
Ammar AlJoundi, President
Timothy Haldane, Senior Vice President Latin America
Marc Legault, Senior Vice-President, Operations - USA and Latin America
Ammar MBA, President CEO
Guy Gosselin, Senior Vice President Exploration
Chris Vollmershausen, Vice President Legal and Corporate Secretary
Christopher LLB, General Legal
Eng Ing, Ex Exploration
David Smith, Chief Financial Officer, Senior Vice President - Finance
Picklu Datta, Senior Vice President - Finance, Treasury
Howard Stockford, Independent Director
Martine Celej, Independent Director
Bernard Kraft, Independent Director
BASc CPA, Executive Officer
Jean Pellerin, Senior Vice President - Human Resources
Jason Allaire, Safety, Health
R Laing, Senior Vice President - Legal, General Counsel, Corporate Secretary
Louise Grondin, Senior Vice President - Environment and Sustainable Development and People
Mohammed Ali, Vice Affairs
Sean Riley, Independent Director
Alain Blackburn, Senior Vice President - Exploration
John Roberts, Independent Director
Jamie Sokalsky, Independent Director
CDir MSc, Exec CFO
Yvon Sylvestre, Senior Vice President, Operations – Canada & Europe

Agnico Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Agnico Eagle a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Agnico Eagle in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Agnico Eagle's short interest history, or implied volatility extrapolated from Agnico Eagle options trading.

Pair Trading with Agnico Eagle

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agnico Eagle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico Stock

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Moving against Agnico Stock

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The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agnico Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agnico Eagle Mines to buy it.
The correlation of Agnico Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agnico Eagle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Agnico Eagle's price analysis, check to measure Agnico Eagle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agnico Eagle is operating at the current time. Most of Agnico Eagle's value examination focuses on studying past and present price action to predict the probability of Agnico Eagle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agnico Eagle's price. Additionally, you may evaluate how the addition of Agnico Eagle to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.