Q: what is your opinion of the latest earnings. would you consider buying this pullback
5i Research Answer:
**edited for addition
AGI next reports Feb 18; in the Q3, EPS of 37c beat estimates of 36c; revenue of $462M missed estimates by 7%. EBITDA of $283.5M missed estimates by 7%. Of course, since then the price of gold has soared, and AGI has further earnings leverage. Last week it did release Q4 production numners, which did miss estimates. However, the miss was largely due to a seismic event and weather issues. We would not consider it too serious and the stock decline likely reflects the situation well. We think the stock is interesting and buyable at current levels and would consider a 'more conservative' play for the sector. The company remains debt-free with with more than $200M net cash.