Morningstar Rating

Stock Research and Analysis

by Kristoffer Inton

Bulls Say

Agnico Eagle’s operating experience in Canada should help it maximize the value of the jointly acquired assets of Osisko Mining.
For investors seeking gold miners with lower geopolitical risk, Agnico Eagle’s mines are in relatively stable and mining-friendly countries of Canada, Mexico, and Finland.
Gold companies tend not to follow general economic cycles. They can also provide a hedge to inflation risk. Read more 

Bears Say

The difficulties Agnico faced at Meadowbank are also likely to appear at the Meliadine development, given their common location in the Low Arctic.
Although Agnico’s joint bid for Osisko Mining was ultimately successful, it only came after a bidding war that increased the price paid.
Investors looking for gold exposure can skirt company-specific risk by investing in gold-backed exchange-traded funds. Read more 

Management

We assign Agnico Eagle a Standard stewardship rating. Sean Boyd has served as CEO since 1998 and has been with the company since 1985 in roles including CFO, vice president, and treasurer. Under his leadership, Agnico has transformed from a one-mine   Read more 

Profile

Agnico Eagle Mines is a midtier gold miner operating seven mines in Canada, Mexico, and Finland. The company also owns 50% of the Canadian Malartic mine. Agnico operated   Read more 

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