Agnico Eagle Mines Ltd (NYSE: AEM) has a higher price-to-earnings ratio of 14.89x compared to its average ratio, The 36-month beta value for AEM is at 1.06. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for AEM is 497.75M, and currently, shorts hold a 1.46% of that float. The average trading volume for AEM on April 09, 2024 was 3.24M shares.
AEM) stock’s latest price update
The stock price of Agnico Eagle Mines Ltd (NYSE: AEM) has plunged by -1.37 when compared to previous closing price of 62.00, but the company has seen a -0.24% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-04 that Gold continues to push higher, silver is starting to play catch-up, and more investors are beginning to pay attention to gold mining stocks. If you prefer to avoid ETFs, it may be worth considering Agnico Eagle Mines (NYSE: AEM ) as a core stock in your portfolio.
AEM’s Market Performance
AEM’s stock has fallen by -0.24% in the past week, with a monthly rise of 12.64% and a quarterly rise of 16.19%. The volatility ratio for the week is 2.70% 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 6.64% for AEM’s stock, with a 21.54% simple moving average for the past 200 days.
Analysts’ Opinion of AEM
Many brokerage firms have already submitted their reports for AEM stocks, with Jefferies repeating the rating for AEM by listing it as a “Hold.” The predicted price for AEM in the upcoming period, according to Jefferies is $54 based on the research report published on February 29, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see AEM reach a price target of $60, previously predicting the price at $57. The rating they have provided for AEM stocks is “Outperform” according to the report published on April 03rd, 2023.
AEM Trading at 17.03% 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 -2.13% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +12.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.87% upper at present.
During the last 5 trading sessions, AEM fell by -0.24%, which changed the moving average for the period of 200-days by +24.39% in comparison to the 20-day moving average, which settled at $57.67. In addition, Agnico Eagle Mines Ltd saw 11.49% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AEM
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.33 for the gross margin
The net margin for Agnico Eagle Mines Ltd stands at 0.29. The total capital return value is set at 0.06. Equity return is now at value 10.89, with 7.44 for asset returns.
Based on Agnico Eagle Mines Ltd (AEM), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.39. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 13.3.
Currently, EBITDA for the company is 3.28 billion with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 4.82. The receivables turnover for the company is 36.29for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.09.
Conclusion
In conclusion, Agnico Eagle Mines Ltd (AEM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
