Agnico Eagle Mines Ltd (NYSE:AEM) shares, rose in value, with the stock price down by -1.29% to the previous day’s close as strong demand from buyers drove the stock to $87.10.
Actively observing the price movement in the recent trading, the stock is buoying the session at $88.24, falling within a range of $85.51 and $87.71. The PE ratio was 70.90 over 12-month period. Referring to stock’s 52-week performance, its high was $89.00, and the low was $44.37. On the whole, AEM has fluctuated by 6.74% over the past month.
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With the market capitalization of Agnico Eagle Mines Ltd currently standing at about $60.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-13. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 1.84%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.2B, with a low estimate of 2.17B and a high estimate of 2.43B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.29B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AEM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of AEM currently trading nearly 4.08% and 5.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.29, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.07%. Furthermore, Agnico Eagle Mines Ltd (AEM)’s beta value is 1.09, and its average true range (ATR) is 1.98.
A comparison of Agnico Eagle Mines Ltd (AEM) with its peers suggests the former has fared considerably weaker in the market. AEM showed an intraday change of -1.29% in today’s session so far, and over the past year, it grew by 85.67%%.
Data on historical trading for Agnico Eagle Mines Ltd (NYSE:AEM) indicates that the trading volumes over the past 10 days have averaged 2.73 and over the past 3 months, they’ve averaged 2.32 million. According to company’s latest data on outstanding shares, there are 498.19 million shares outstanding.
Nearly 0.17% of Agnico Eagle Mines Ltd’s shares belong to company insiders and institutional investors own 65.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.48 million shares as on 2024-10-15, resulting in a short ratio of 1.56. According to the data, the short interest in Agnico Eagle Mines Ltd (AEM) stood at 72.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 6.65 million. The stock has risen by 58.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AEM stock heading into the next quarter.
