Agnico Eagle Mines Limited (NYSE:AEM) price on Friday, August 27, rose 2.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $57.82.
A look at the stock’s price movement, the level at last check in today’s session was $56.52, moving within a range at $56.41 and $57.39. The beta value (5-Year monthly) was 0.75 while the PE ratio in trailing twelve months stood at 18.32. Turning to its 52-week performance, $89.23 and $54.66 were the 52-week high and 52-week low respectively. Overall, AEM moved -8.43% over the past month.
Agnico Eagle Mines Limited’s market cap currently stands at around $13.73 billion, with investors looking forward to this quarter’s earnings report slated for Oct 27, 2021. The company has a Forward Dividend ratio of 1.40, with its dividend yield at 2.48%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.75, which has seen fiscal year 2021 EPS growth forecast to increase to $2.85 and about $3.07 for fiscal year 2022. Per the data, EPS growth is expected to be 53.20% for 2021 and 7.70% for the next financial year.
Analysts have a consensus estimate of $1.05 billion for the company’s revenue for the quarter, with a low and high estimate of $980 million and $1.12 billion respectively. The average forecast suggests up to a 9.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $3.97 billion, representing a 26.40% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AEM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
20 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 12 recommend AEM as a Buy and 2 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 7.05, with AEM’s current price about -2.61% and -4.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.67, while 7-day volatility ratio is 1.98% and 2.24% in the 30-day chart. Further, Agnico Eagle Mines Limited (AEM) has a beta value of 0.76, and an average true range (ATR) of 1.48.
In the market, a comparison of Agnico Eagle Mines Limited (AEM) and its peers suggest the former has performed considerably stronger. Data shows AEM’s intraday price has changed 2.30% today and -30.01% over the past year. Comparatively, Yamana Gold Inc. (AUY) has moved 3.27% so far today and only -30.36% in the past 12 months. Looking at another peer, we see that Coeur Mining Inc. (CDE) price has gained 6.93% on the day. However, the stock is -22.18% off its price today a year ago. Moreover, Alamos Gold Inc. (AGI) is also up 4.17% in today’s trading while keeping a a downtrend of -24.88% over the past year. If we look at the PE ratio, we find that Agnico Eagle Mines Limited’s ratio stands at 18.32 compared to Yamana Gold Inc.’s 24.24 and Coeur Mining Inc.’s 22.00. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.84% and 0.68% respectively on the day as seen in early trades.
If we refocus on Agnico Eagle Mines Limited (NYSE:AEM), historical trading data shows that trading volumes averaged 1.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 243.34 million shares.
The 0.20% of Agnico Eagle Mines Limited’s shares are in the hands of company insiders while institutional holders own 78.10% of the company’s shares. Current price change has pushed the stock -19.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AEM stock continues to rise going into the next quarter.