RTTNews | Jul 29, 2021 09:50AM EDT

09:49 Thursday, July 29, 2021 (RTTNews.com) - Shares of Agnico Eagle Mines Ltd. (AEM) are rising over 5% Thursday morning, after the company reported upbeat Q2 results.

The stock, which has been trading in the range of $54.66 - $89.23 for the past one year, is currently trading at $65.36, up $3.64 or 5.90%, with trading volume of over 494K versus an average volume of 1.28 million shares.

The company reported Q2 net income of $189.6 million or $0.77 per share versus $105.3 million or $0.43 per share last year. Adjusted net income was $167.7 million or $0.69 per share for the second quarter of 2021.

Revenues from mining operations totaled $966.3 million, higher than the previous year's $557.2 million.

Analysts polled by Thomson Reuters expected earnings of $0.59 per share on revenue of $954.88 million for the quarter. Analysts' estimate typically exclude certain special items.

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