Agnico Eagle Mines Ltd (NYSE: AEM)’s stock price has soared by 4.36 in relation to previous closing price of 76.76. Nevertheless, the company has seen a gain of 2.53% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Is It Worth Investing in Agnico Eagle Mines Ltd (NYSE: AEM) Right Now?
Agnico Eagle Mines Ltd (NYSE: AEM) has a higher price-to-earnings ratio of 40.01x compared to its average ratio, The 36-month beta value for AEM is at 1.07. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 7 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for AEM is 500.93M, and currently, shorts hold a 0.70% of that float. The average trading volume for AEM on November 18, 2024 was 2.37M shares.
AEM’s Market Performance
The stock of Agnico Eagle Mines Ltd (AEM) has seen a 2.53% increase in the past week, with a -7.03% drop in the past month, and a -2.35% fall in the past quarter. The volatility ratio for the week is 3.48%, and the volatility levels for the past 30 days are at 2.67% for AEM. The simple moving average for the past 20 days is -4.48% for AEM’s stock, with a 15.12% 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 -2.86% 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 -9.99% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares sank -7.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.71% upper at present.
During the last 5 trading sessions, AEM rose by +2.23%, which changed the moving average for the period of 200-days by +64.27% in comparison to the 20-day moving average, which settled at $83.86. In addition, Agnico Eagle Mines Ltd saw 46.05% 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:
- 0.35 for the present operating margin
- 0.39 for the gross margin
The net margin for Agnico Eagle Mines Ltd stands at 0.13. The total capital return value is set at 0.1. Equity return is now at value 4.97, with 3.41 for asset returns.
Based on Agnico Eagle Mines Ltd (AEM), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.43. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 20.12.
Currently, EBITDA for the company is 4.05 billion with net debt to EBITDA at 0.19. When we switch over and look at the enterprise to sales, we see a ratio of 5.21. The receivables turnover for the company is 47.9for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.
Conclusion
In conclusion, Agnico Eagle Mines Ltd (AEM) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
