TORONTO (AP) — TORONTO (AP) — Agnico Eagle Mines Ltd. (AEM) on Thursday reported fourth-quarter earnings of $1.52 billion.
On a per-share basis, the Toronto-based company said it had profit of $3.04. Earnings, adjusted for non-recurring gains, were $2.69 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.56 per share.
The gold mining company posted revenue of $3.56 billion in the period.
For the year, the company reported profit of $4.46 billion, or $8.86 per share. Revenue was reported as $11.91 billion.
Agnico shares have increased 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $206.12, 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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