Watching Agnico Eagle Mines Limited (AEM) For Insider Activity

Agnico Eagle Mines Limited (NYSE:AEM) trading with an addition of $0.35 to $54.12 on Friday, an upside of 0.65 percent. An average of 1,448,311 shares of common stock have been traded in the last five days. There was a gain of $3.25 in the past week. The last 20 days have seen an average of 1,916,193 shares traded, while the 50-day average volume stands at 1,586,829.

AEM stock has decreased by -5.62% in the last month. The company shares reached their 1-month lowest point of $49.20 on 09/28/21. With the stock rallying to its 52-week high on 01/07/21, shares of the company touched a low of $49.20 and a high of $85.46 in 52 weeks. In spite of this, the price is down -36.67% from the 52-week high.


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Valuation Metrics

Agnico Eagle Mines Limited (AEM) has a trailing price-to-earnings (P/E) ratio of 17.43, which compares with the 20.90 for the broader industry and 13.24 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Agnico Eagle Mines Limited’s PE ratio has ranged between 144.08 and 16.14. The stock’s beta is 0.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.50, the price-to-book (PB) ratio at 2.23, and the price-to-cash flow ratio at 23.31.

Agnico Eagle Mines Limited pays a $1.40 dividend per share annually. It offers a dividend yield of 2.59%. The company has a payout ratio of 40.30%. The company’s most recent quarterly dividend payment took place on Sep. 15, and it was $0.35 a share, without any change from last year. Its dividend has been increased for the last 3 consecutive years with the latest increase dividend $0.15 reported on Wednesday October 28 2020. Dividends have grown by 131.71% each year over the last three years.

Agnico Eagle Mines Limited will next go ex-dividend on 26-Nov. The next dividend payment Agnico Eagle Mines Limited will make is expected to be $0.35.

The quick ratio of Agnico Eagle Mines Limited for the three months ended June 29 was 0.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.29 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 57.60% against a 5-year average of 27.5%. Agnico Eagle Mines Limited’s EBITDA margin for the year ending June 29 is 46.42%, while its operating margin for the same period stands at 30.50%. Its gross profit as reported stood at $1.71 billion compared to revenue of $3.14 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Agnico Eagle Mines Limited’s return on assets was 7.90%, compared to 2.5% over the last five years. In the past year, the return on investment has been 7.20%, and the 5-year average is 4.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been 13.30% and the 5-year average holds at 4.2%. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Agnico Eagle Mines Limited had $2.28 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.49 billion in the quarter, while revenues of $0.0 were grew 12.17%. The analyst consensus anticipated Agnico Eagle Mines Limited’s latest quarter earnings to come in at $0.59 per share, but it turned out to be $0.69, a 16.90% surprise. For the quarter, EBITDA amounted to $467.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Agnico Eagle Mines Limited (AEM) price momentum. RSI 9-day as of the close on 07 October was 60.83%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.83%.

As of today, AEM’s price is $53.20 +6.37% or $3.25 from its 5-day moving average. AEM is currently trading -1.69% lower than its 20-day SMA and -25.68% lower than its 100-day SMA. However, the stock’s current price level is -16.26% below the SMA50 and -22.69% below the SMA200.

The stochastic %K and %D were 86.89% and 75.73%, respectively, and the average true range (ATR) was 1.44. With the 14-day stochastic at 82.89% and the average true range at 1.45, the RSI (14) stands at 52.12%. The stock has reached 1.58 on the 9-day MACD Oscillator while the 14-day reading was at 1.82.

Analyst Ratings

RBC Capital Mkts upgraded Agnico Eagle Mines Limited (NYSE: AEM) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Sector perform.The consensus rating for Agnico Eagle Mines Limited (AEM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AEM, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

What is AEM’s price target for the next 12 months?

Analysts predict a range of price targets between $60.00 and $106.29, with a median target of $73.40. Taking a look at these predictions, the average price target given by analysts for Agnico Eagle Mines Limited (AEM) stock is $78.24.

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