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Agnico Eagle Mines (Agnico Eagle Mines) Pretax Margin % : -18.45% (As of Dec. 2023)


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What is Agnico Eagle Mines Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Agnico Eagle Mines's Pre-Tax Income for the three months ended in Dec. 2023 was $-324 Mil. Agnico Eagle Mines's Revenue for the three months ended in Dec. 2023 was $1,757 Mil. Therefore, Agnico Eagle Mines's pretax margin for the quarter that ended in Dec. 2023 was -18.45%.

The historical rank and industry rank for Agnico Eagle Mines's Pretax Margin % or its related term are showing as below:

AEM' s Pretax Margin % Range Over the Past 10 Years
Min: -11.82   Med: 17.28   Max: 36
Current: 36


AEM's Pretax Margin % is ranked better than
92.23% of 862 companies
in the Metals & Mining industry
Industry Median: 0.84 vs AEM: 36.00

Agnico Eagle Mines Pretax Margin % Historical Data

The historical data trend for Agnico Eagle Mines's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Agnico Eagle Mines Pretax Margin % Chart

Agnico Eagle Mines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.61 24.46 24.10 19.43 35.60

Agnico Eagle Mines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.99 128.87 27.14 16.52 -18.45

Competitive Comparison of Agnico Eagle Mines's Pretax Margin %

For the Gold subindustry, Agnico Eagle Mines's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Agnico Eagle Mines's Pretax Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's Pretax Margin % falls into.



Agnico Eagle Mines Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Agnico Eagle Mines's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=2359.069/6626.909
=35.60 %

Agnico Eagle Mines's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-324.082/1756.64
=-18.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Agnico Eagle Mines  (NYSE:AEM) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Agnico Eagle Mines Pretax Margin % Related Terms

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Agnico Eagle Mines (Agnico Eagle Mines) Business Description

Address
145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.