Moody's Upgrades Agnico Eagle Mines; Up 2.7%-March 2024-www.financetom.com

Moody's Upgrades Agnico Eagle Mines; Up 2.7%

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Moody's Upgrades Agnico Eagle Mines; Up 2.7%

Mar 28, 2024 10:04 AM

12:39 PM EDT, 03/28/2024 (MT Newswires) -- Moody's on Thursday upgraded the long-term issuer rating of Agnico Eagle Mines' ( AEM ) to Baa1 from Baa2.

The outlook has been changed to stable from positive.

"The upgrade reflects Agnico's strengthened business profile following its acquisitions of Kirkland Lake Gold, and Yamana's interests in Canadian Malartic and Wasamac and management's commitment to maintaining a strong financial position that includes keeping low leverage and conservative financial policies", Jamie Koutsoukis, Moody's analyst, said.

The company's stock rose 2.7% on last look on Thursday.

Price: 80.57, Change: +2.08, Percent Change: +2.65

Previous page： Happy City Closes $5.5 Million IPO; Shares Jump Next page： Microsoft sued by authors over use of books in AI training

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Happy City Closes $5.5 Million IPO; Shares Jump

Jun 25, 2025

11:49 AM EDT, 06/25/2025 (MT Newswires) -- Happy City Holdings ( HCHL ) said Wednesday it closed its initial public offering of 1.1 million class A ordinary shares at $5 per share for gross proceeds of $5.5 million. The shares of the Hong Kong all-you-can-eat hotpot restaurant operator began trading on the Nasdaq Capital Market on Tuesday. The company said...

Microsoft sued by authors over use of books in AI training

Jun 25, 2025

(Reuters) -Microsoft has been hit with a lawsuit by a group of authors who claim the company used their books without permission to train its Megatron artificial intelligence model. Kai Bird, Jia Tolentino, Daniel Okrent and several others alleged that Microsoft used pirated digital versions of their books to teach its AI to respond to human prompts. Their lawsuit, filed...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

Update: Novagold Resources Loses 6% as Its Fiscal Q2 Loss Widens

Jun 25, 2025

11:59 AM EDT, 06/25/2025 (MT Newswires) -- (Updates shares.) Novagold Resources ( NG ) on Wednesday said its loss widened in its fiscal second quarter. The company reported a loss of US$53.7 million, or a US$0.15 per share, for the three months ended May 31, compared with a loss of US$13.7 million, or US$0.04, in the year-prior quarter. The results...