The price-to-earnings ratio for Agnico Eagle Mines Ltd (NYSE: AEM) is above average at 66.81x, Company’s 36-month beta value is 1.09.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for AEM is 497.32M, and currently, short sellers hold a 0.94% ratio of that floaft. The average trading volume of AEM on October 16, 2024 was 2.16M shares.
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AEM) stock’s latest price update
The stock of Agnico Eagle Mines Ltd (NYSE: AEM) has increased by 2.83 when compared to last closing price of 79.82. Despite this, the company has experienced a 4.99% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-15 that PALM BEACH, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – In an recent article published by Skilliing.com regarding current Gold trends: “From ancient civilizations to modern-day investors, gold has consistently been sought after for its perceived stability and hedge against inflation and economic uncertainty. This enduring appeal has led to significant price movements over the years, with gold prices often mirroring broader economic trends. Understanding these dynamics is crucial for predicting future gold price movements and making informed investment decisions. According to experts, the gold price in October 2024 is expected to be influenced by several key factors. The ongoing geopolitical tensions, particularly in the Middle East, are likely to keep gold prices elevated. Additionally, the anticipation of US rate cuts in the third and fourth quarters of 2024 could further boost gold prices. With the current record already at $2,431.85, the next milestone to watch is $2,500 per ounce. The bullish setup of gold’s chart and its leading indicators suggest that gold could move close to the $2,550 area in 2024. This prediction is supported by the recent rally in gold prices, which has already surpassed many predictions for the year. The combination of geopolitical concerns and the potential for rate cuts makes a further rally in gold prices plausible.” Active mining companies in the markets this week include RUA GOLD Inc. (OTCQB: NZAUF) (TSX-V: RUA), Mawson Gold Limited (OTCPK: MWSNF), Founders Metals Inc. (OTCQX: FDMIF), SNOWLINE GOLD CORP (OTCQB: SNWGF) (TSX-V: SGD), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM).
AEM’s Market Performance
Agnico Eagle Mines Ltd (AEM) has experienced a 4.99% rise in stock performance for the past week, with a -0.58% drop in the past month, and a 8.74% rise in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.13% for AEM. The simple moving average for the last 20 days is 1.26% for AEM stock, with a simple moving average of 25.09% for the last 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 2.50% 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 -3.59% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares sank -0.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.18% upper at present.
During the last 5 trading sessions, AEM rose by +4.99%, which changed the moving average for the period of 200-days by +49.29% in comparison to the 20-day moving average, which settled at $81.06. In addition, Agnico Eagle Mines Ltd saw 49.64% 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:
- 0.3 for the present operating margin
- 0.34 for the gross margin
The net margin for Agnico Eagle Mines Ltd stands at 0.08. The total capital return value is set at 0.08. Equity return is now at value 3.09, with 2.11 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 1.59. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 15.5.
Currently, EBITDA for the company is 3.28 billion with net debt to EBITDA at 0.28. When we switch over and look at the enterprise to sales, we see a ratio of 5.71. The receivables turnover for the company is 41.09for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
In a nutshell, Agnico Eagle Mines Ltd (AEM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
