TORONTO (AP) — TORONTO (AP) — Agnico Eagle Mines Ltd. (AEM) on Thursday reported fourth-quarter net income of $509.3 million, after reporting a loss in the same period a year earlier.
The Toronto-based company said it had profit of $1.01 per share. Earnings, adjusted for non-recurring costs, came to $1.26 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The gold mining company posted revenue of $2.22 billion in the period.
For the year, the company reported profit of $1.9 billion, or $3.78 per share. Revenue was reported as $8.29 billion.
Agnico shares have increased 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $100.81, more than doubling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEM at https://www.zacks.com/ap/AEM
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