Agnico Income Statement Research

AEM Stock

USD 63.47 0.98 1.57%

Most accounts from Agnico Eagle's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Agnico Eagle Mines current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Agnico Eagle Valuation and Agnico Eagle Correlation analysis.

At this time, Agnico Eagle's Income Before Tax is very stable compared to the past year. As of the 19th of April 2024, Net Income is likely to grow to about 2 B, while Tax Provision is likely to drop about 255.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	2.0B	2.0B	2.1B
Total Revenue	3.8B	5.7B	6.7B	7.1B

Gross Profit Total Revenue

Agnico Eagle income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Income Before Tax	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Other Operating Expenses	Research Development	Cost Of Revenue	Total Operating Expenses	Total Other Income Expense Net	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.6	0.51	0.48	0.49	0.56	0.47	0.43	0.57	0.62	0.69	0.64	0.75	0.62	0.41	0.36	0.79	0.57	-0.14	0.53	-0.02	-0.71	0.35
Total Revenue	0.6		0.96	0.97	0.97	0.99	0.9	0.88	0.84	0.97	0.94	1.0	0.47	0.99	0.38	0.56	0.6	0.91	-0.01	0.82	-0.1	-0.61	0.88
Gross Profit	0.51	0.96		0.98	0.98	0.96	0.82	0.81	0.78	0.88	0.91	0.94	0.39	0.92	0.51	0.39	0.45	0.82	0.07	0.84	-0.02	-0.58	0.86
Operating Income	0.48	0.97	0.98		1.0	0.98	0.9	0.89	0.82	0.91	0.88	0.94	0.34	0.94	0.34	0.52	0.45	0.88	0.09	0.83	-0.16	-0.62	0.87
Ebit	0.49	0.97	0.98	1.0		0.98	0.9	0.89	0.82	0.91	0.88	0.95	0.35	0.94	0.34	0.52	0.46	0.88	0.09	0.83	-0.16	-0.62	0.87
Ebitda	0.56	0.99	0.96	0.98	0.98		0.92	0.91	0.84	0.97	0.9	0.99	0.44	0.99	0.31	0.59	0.58	0.94	0.0	0.81	-0.18	-0.62	0.87
Income Before Tax	0.47	0.9	0.82	0.9	0.9	0.92		0.99	0.9	0.9	0.74	0.88	0.38	0.91	0.01	0.84	0.59	0.95	-0.03	0.77	-0.3	-0.66	0.8
Net Income	0.43	0.88	0.81	0.89	0.89	0.91	0.99		0.85	0.9	0.71	0.87	0.36	0.89	-0.02	0.84	0.56	0.95	-0.03	0.72	-0.37	-0.62	0.78
Income Tax Expense	0.57	0.84	0.78	0.82	0.82	0.84	0.9	0.85		0.82	0.75	0.83	0.36	0.85	0.14	0.74	0.65	0.81	-0.04	0.88	0.04	-0.72	0.76
Depreciation And Amortization	0.62	0.97	0.88	0.91	0.91	0.97	0.9	0.9	0.82		0.88	0.99	0.53	0.99	0.26	0.65	0.69	0.96	-0.11	0.75	-0.19	-0.59	0.84
Selling General Administrative	0.69	0.94	0.91	0.88	0.88	0.9	0.74	0.71	0.75	0.88		0.94	0.52	0.92	0.55	0.38	0.55	0.76	0.02	0.73	0.07	-0.5	0.78
Other Operating Expenses	0.64	1.0	0.94	0.94	0.95	0.99	0.88	0.87	0.83	0.99	0.94		0.51	1.0	0.38	0.57	0.64	0.92	-0.05	0.8	-0.1	-0.6	0.86
Research Development	0.75	0.47	0.39	0.34	0.35	0.44	0.38	0.36	0.36	0.53	0.52	0.51		0.49	0.42	0.35	0.66	0.44	-0.47	0.29	-0.03	-0.37	0.24
Cost Of Revenue	0.62	0.99	0.92	0.94	0.94	0.99	0.91	0.89	0.85	0.99	0.92	1.0	0.49		0.3	0.62	0.65	0.94	-0.05	0.79	-0.14	-0.61	0.86
Total Operating Expenses	0.41	0.38	0.51	0.34	0.34	0.31	0.01	-0.02	0.14	0.26	0.55	0.38	0.42	0.3		-0.39	0.18	0.07	-0.06	0.43	0.52	-0.1	0.35
Total Other Income Expense Net	0.36	0.56	0.39	0.52	0.52	0.59	0.84	0.84	0.74	0.65	0.38	0.57	0.35	0.62	-0.39		0.62	0.77	-0.19	0.45	-0.39	-0.5	0.47
Selling And Marketing Expenses	0.79	0.6	0.45	0.45	0.46	0.58	0.59	0.56	0.65	0.69	0.55	0.64	0.66	0.65	0.18	0.62		0.7	-0.3	0.54	-0.03	-0.59	0.43
Net Income From Continuing Ops	0.57	0.91	0.82	0.88	0.88	0.94	0.95	0.95	0.81	0.96	0.76	0.92	0.44	0.94	0.07	0.77	0.7		-0.09	0.72	-0.36	-0.66	0.78
Non Recurring	-0.14	-0.01	0.07	0.09	0.09	0.0	-0.03	-0.03	-0.04	-0.11	0.02	-0.05	-0.47	-0.05	-0.06	-0.19	-0.3	-0.09		-0.01	-0.05	-0.09	0.05
Tax Provision	0.53	0.82	0.84	0.83	0.83	0.81	0.77	0.72	0.88	0.75	0.73	0.8	0.29	0.79	0.43	0.45	0.54	0.72	-0.01		0.17	-0.71	0.86
Interest Income	-0.02	-0.1	-0.02	-0.16	-0.16	-0.18	-0.3	-0.37	0.04	-0.19	0.07	-0.1	-0.03	-0.14	0.52	-0.39	-0.03	-0.36	-0.05	0.17		0.19	-0.01
Net Interest Income	-0.71	-0.61	-0.58	-0.62	-0.62	-0.62	-0.66	-0.62	-0.72	-0.59	-0.5	-0.6	-0.37	-0.61	-0.1	-0.5	-0.59	-0.66	-0.09	-0.71	0.19		-0.46
Reconciled Depreciation	0.35	0.88	0.86	0.87	0.87	0.87	0.8	0.78	0.76	0.84	0.78	0.86	0.24	0.86	0.35	0.47	0.43	0.78	0.05	0.86	-0.01	-0.46

Click cells to compare fundamentals

Agnico Eagle Account Relationship Matchups

Agnico Eagle income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	105.1M	95.1M	92.0M	82.9M	91.2M	95.8M
Total Revenue	2.5B	3.1B	3.8B	5.7B	6.7B	7.1B
Gross Profit	701.1M	1.1B	1.3B	2.0B	2.0B	2.1B
Operating Income	485.7M	777.3M	1.0B	1.3B	1.7B	1.8B
Ebit	485.7M	777.3M	1.0B	1.3B	1.7B	1.8B
Ebitda	1.0B	1.4B	1.8B	2.4B	3.3B	3.4B
Income Before Tax	738.7M	767.6M	903.4M	1.1B	2.4B	2.5B
Net Income	473.2M	511.6M	561.9M	670.2M	1.9B	2.0B
Income Tax Expense	265.6M	256.0M	360.4M	445.2M	425.4M	446.7M
Cost Of Revenue	1.8B	2.1B	2.5B	3.7B	4.8B	5.0B
Tax Provision	265.6M	256.0M	360.4M	445.2M	429.6M	255.5M
Interest Income	74.5M	9.7M	92.8M	157.5M	10M	9.5M
Net Interest Income	(98.4M)	(95.1M)	(92.0M)	(82.9M)	(90.4M)	(94.9M)

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

0.93	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.95	KALU	Kaiser Aluminum Earnings Call This Week	Pair Corr
0.92	CENX	Century Aluminum Financial Report 13th of May 2024	Pair Corr
0.89	CSTM	Constellium Nv Earnings Call This Week	Pair Corr

Moving against Agnico Stock

0.87	NC	NACCO Industries	Pair Corr
0.76	X	United States Steel Earnings Call This Week	Pair Corr
0.76	VALE	Vale SA ADR Earnings Call This Week	Pair Corr

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 Correlation Correlation 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:

How To Invest In Agnico

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Is Agnico Stock a good investment?

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What is Agnico Eagle's Net Worth?

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Check out Agnico Eagle Valuation and Agnico Eagle Correlation analysis.

Note that the Agnico Eagle Mines information on this page should be used as a complementary analysis to other Agnico Eagle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Agnico Stock analysis

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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Is Agnico Eagle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agnico Eagle. If investors know Agnico will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agnico Eagle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.431

Dividend Share

1.6

Earnings Share

3.95

Revenue Per Share

13.56

Quarterly Revenue Growth

0.269

The market value of Agnico Eagle Mines is measured differently than its book value, which is the value of Agnico that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico Eagle's value that differs from its market value or its book value, called intrinsic value, which is Agnico Eagle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agnico Eagle's market value can be influenced by many factors that don't directly affect Agnico Eagle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Agnico Income Statement Research

Agnico Eagle income statement Correlations

Agnico Eagle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Agnico Eagle income statement Accounts

Pair Trading with Agnico Eagle

Moving together with Agnico Stock

Moving against Agnico Stock

Complementary Tools for Agnico Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebitda	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.99	Ebitda

Net Interest Income	- 0.72	Income Tax Expense
Net Interest Income	- 0.71	Tax Provision
Net Interest Income	- 0.71	Interest Expense
Net Interest Income	- 0.66	Net Income From Continuing Ops
Net Interest Income	- 0.66	Income Before Tax
Net Interest Income	- 0.62	Net Income