Agnico Eagle Mines Ltd (AEM) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for Agnico Eagle Mines Ltd (NYSE: AEM) is above average at 8.81x. The 36-month beta value for AEM is also noteworthy at 1.04.

The public float for AEM is 493.39M, and at present, short sellers hold a 1.11% of that float. The average trading volume of AEM on February 13, 2024 was 1.03 shares.

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AEM) stock’s latest price update

Agnico Eagle Mines Ltd (NYSE: AEM)’s stock price has increased by 46.91 compared to its previous closing price of 67.58. However, the company has seen a -1.20% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-12 that Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

AEM’s Market Performance

AEM’s stock has fallen by -1.20% in the past week, with a monthly drop of -9.14% and a quarterly drop of -0.85%. The volatility ratio for the week is 1.83% while the volatility levels for the last 30 days are 2.35% for Agnico Eagle Mines Ltd The simple moving average for the past 20 days is 3.85% for AEM’s stock, with a Feb 15 AMC simple moving average for the past 200 days.

Analysts’ Opinion of AEM

Many brokerage firms have already submitted their reports for AEM stocks, with BMO Capital Markets repeating the rating for AEM by listing it as a “Outperform.” The predicted price for AEM in the upcoming period, according to BMO Capital Markets is $60 based on the research report published on April 03, 2023 of the previous year 2023.

AEM Trading at 13.29% from the 50-Day Moving Average

After a stumble in the market that brought AEM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.29% of loss for the given period.

Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -10.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.17% lower at present.

During the last 5 trading sessions, AEM fell by -1.20%, which changed the moving average for the period of 200-days by -16.07% in comparison to the 20-day moving average, which settled at $48.84. In addition, Agnico Eagle Mines Ltd saw -14.48% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for AEM

Equity return is now at value 14.02, with 9.63 for asset returns.

Conclusion

In summary, Agnico Eagle Mines Ltd (AEM) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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