At the time of writing, Agnico Eagle Mines Ltd [AEM] stock is trading at $83.94, up 1.92%. 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 5.37% over the last week, with a monthly amount drifted -3.90%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Agnico Eagle Mines Ltd fluctuated between $44.37 and $89.00. Currently, Wall Street analysts expect the stock to reach $95 within the next 12 months. Agnico Eagle Mines Ltd [NYSE: AEM] shares were valued at $83.94 at the most recent close of the market. An investor can expect a potential return of 13.18% based on the average AEM price forecast.
Analyzing the AEM fundamentals
According to Agnico Eagle Mines Ltd [NYSE:AEM], the company’s sales were 7.82B for trailing twelve months, which represents an 31.25% jump. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 82.58 points at the first support level, and at 81.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.68, and for the 2nd resistance point, it is at 85.42.
Ratios To Look Out For
It is important to note that Agnico Eagle Mines Ltd [NYSE:AEM] has a current ratio of 1.75. In addition, the Quick Ratio stands at 0.83 and the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 5.38, the price to book ratio is 2.05 and price to earnings (TTM) ratio is 41.93.
