A share price of Agnico Eagle Mines Ltd [AEM] is currently trading at $52.77, up 1.56%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AEM shares have gain 9.48% over the last week, with a monthly amount glided 8.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Agnico Eagle Mines Ltd [NYSE: AEM] stock has seen the most recent analyst activity on February 29, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $54. On September 30, 2022, upgrade upgraded it’s rating to Buy. Goldman started tracking the stock assigning a Buy rating. Barclays upgraded its rating to Overweight for this stock on February 03, 2022, and upped its price target to $69. In a note dated January 28, 2022, National Bank Financial upgraded an Outperform rating on this stock.
Agnico Eagle Mines Ltd experienced fluctuations in its stock price throughout the past year between $43.22 and $61.15. Currently, Wall Street analysts expect the stock to reach $76.78 within the next 12 months. Agnico Eagle Mines Ltd [NYSE: AEM] shares were valued at $52.77 at the most recent close of the market. An investor can expect a potential return of 45.5% based on the average AEM price forecast.
Analyzing the AEM fundamentals
Trailing Twelve Months sales for Agnico Eagle Mines Ltd [NYSE:AEM] were 6.63B which represents 26.86% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.1 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 52.37 points at the first support level, and at 51.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.39, and for the 2nd resistance point, it is at 54.01.
Agnico Eagle Mines Ltd [AEM] reported earnings per share of $0.57 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.48/share, meaning a difference of $0.09 and a surprise factor of 18.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.44 per share as compared to estimates of $0.46 per share, a difference of -$0.02 representing a surprise of -4.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Agnico Eagle Mines Ltd [NYSE:AEM] is 2.09. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 3.94, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 12.85.
