Q: hi,
are you able to compare/contrast the stock price, key metrics, and any other important issues with AEM today versus November 2010? can you give us your opinion of how the Kirkland lake acquisition has gone? Can you give your rank as buy hold sell today. cheers, Chris
are you able to compare/contrast the stock price, key metrics, and any other important issues with AEM today versus November 2010? can you give us your opinion of how the Kirkland lake acquisition has gone? Can you give your rank as buy hold sell today. cheers, Chris
5i Research Answer:
Market cap year end 2010 (we only have year end data) was $13B. EPS was $1.67. Debt was $650M. Cash flow $484M. Today, market cap is $53.B, EPS $3.76 (2024E), debt $1.9B, cash flow $2.9B. P/E averaged 46X in 2010 vs 20.8X today. Return on equity was 10.3% in 2010 and 10.9% last year. The KL deal was originally seen as 'expensive' to AEM but it is not viewed as a solid addition to the company. AEM remains our favourite large cap gold to buy.