Agnico Eagle (TSX: AEM) has done it again. They’ve blown the doors off analyst estimates for both revenue and earnings per share, although the market hasn’t provided the company with much of a reward for doing so, with the equity up just 3%.
But that’s the problem with being viewed as one of the best operators in the space. Expectations are high, and there’s an inherent assumption that you’re going to beat estimates. So when you do, investors just short of shrug and carry on. In any case, it’s a great look for the sector.
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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