Agnico Eagle Mines Ltd [AEM] stock is trading at $68.10, up 2.75%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AEM shares have gain 4.58% over the last week, with a monthly amount glided 11.17%, 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 [AEM] stock has fluctuated between $43.22 and $67.80 over the past year. 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 $68.10 at the most recent close of the market. An investor can expect a potential return of 12.75% based on the average AEM price forecast.
Analyzing the AEM fundamentals
Agnico Eagle Mines Ltd [NYSE:AEM] reported sales of 6.95B for the trailing twelve months, which represents a growth of 21.21%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.02 and Total Capital is 0.07. 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 67.10 points at the first support level, and at 66.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.65, and for the 2nd resistance point, it is at 69.19.
Agnico Eagle Mines Ltd [AEM] reported earnings per share of $0.76 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.6/share, meaning a difference of $0.16 and a surprise factor of 26.70%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.57 per share as compared to estimates of $0.48 per share, a difference of $0.09 representing a surprise of 18.70%.
Ratios To Look Out For
For context, Agnico Eagle Mines Ltd’s Current Ratio is 2.21. In addition, the Quick Ratio stands at 0.88 and the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 4.89, the price to book ratio is 1.73 and price to earnings (TTM) ratio is 72.07.
