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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (14602)	11/20/2015 9:23:05 AM
From: Goose94	Read Replies (2) \| Respond to of 203664

Agnico Eagle Mines (AEM-T) is emerging as the winner in the race to shield profit from slumping gold prices. Since gold began a more than 40-per-cent plunge from a 2011 peak, the miner's gross margins have narrowed by just 1.9 per cent thanks to expansions and a strengthening U.S. dollar. For every dollar of gold Agnico Eagle sold last quarter, 49 U.S. cents was gross profit, little changed from four years ago when gold touched $1,900. That is the best performance among 15 major producers, whose margins compressed by an average 64 per cent. "We've generated net free cash flow this year because of those margins, and it's not at the expense of squeezing our key development projects or our exploration budgets," said chief executive officer Sean Boyd "And we still managed to reduce our net debt by almost $200-million." It hasn't always been that way. After struggling for several years, the company turned a corner in 2012. Josh Wolfson, an analyst with Dundee Capital Markets, has a buy recommendation on the stock and a share price target of $44