April 26, 2019 / 3:05 PM / 6 months ago

BUZZ-Agnico Eagle Mines rises on Q1 profit, revenue beat

** Shares of Canadian gold producer Agnico Eagle Mines up 3.1% at C$41.86

** Says Q1 rev from mining operations up at C$532.2 mln vs analyst est. of C$507.6 mln - Refinitiv data

** Reports adj. profit of 14 Canadian cents/shr vs avg. analyst est. of 7 Canadian cents/shr - Refinitiv data

** AEM anticipates total cash costs per ounce & AISC for 2019 to continue to be in range of C$620 to C$670 and C$875 and C$925, respectively

** About 55% of expected gold production in 2019 is anticipated to occur in H2 of 2019 - Agnico

** The average rating by 14 analysts covering the stock is ‘buy’ and the mean PT is C$69.05

** Including Friday’s gains, stock up 2.8% this year (Reporting By Arundhati Sarkar in Bengaluru)

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