Agnico Eagle Mines' Debt Overview
Portfolio Pulse from Benzinga Insights
Agnico Eagle Mines Inc. (NYSE:AEM) has seen its shares decrease by 4.19% over the past three months. The company's total debt stands at $1.22 billion, with net debt at $682.49 million after adjusting for cash-equivalents. The company's debt-ratio is 0.17, indicating a relatively low level of financial leverage. Debt is an important factor in a company's capital structure and can contribute to its growth, but also carries risks such as the potential for default on loans.
July 19, 2023 | 3:30 pm
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Agnico Eagle Mines has a relatively low debt-ratio of 0.17, indicating a lower risk of defaulting on loans. However, its shares have decreased by 4.19% over the past three months.
Agnico Eagle Mines' shares have decreased over the past three months, which could be a result of investor concerns over the company's debt levels. However, the company's relatively low debt-ratio suggests a lower risk of defaulting on loans, which could potentially make it an attractive investment for risk-averse investors.
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