Agnico Eagle Mines Limited (AEM): What is the Risk Factor?

Agnico Eagle Mines Limited (NYSE:AEM) saw an upside of 2.57% to close Tuesday at $55.13 after adding $1.38 on the day. The 5-day average trading volume is 1,327,420 shares of the company’s common stock. It has gained $55.28 in the past week. An average of 1,955,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,619,120.

AEM’s 1-month performance is -0.70% or -$0.04 on its low of $49.20 reached on 09/28/21. The company’s shares have touched a 52-week low of $49.20 and high of $85.46, with the stock’s rally to the 52-week high happening on 01/07/21. YTD, AEM has lost -21.81% or -$15.38. However, the current price is down -35.49%% from the 52-week high price.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 144.08 and a low of 16.14. AEM stock has a beta of 0.76. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.51 while the price-to-book (PB) in the most recent quarter is 2.29, with the price to cash flow ratio at 23.40.

Agnico Eagle Mines Limited pays an annual dividend of $1.40 per share. Its dividend yield is 2.54% and the payout ratio is 40.30%. AEM’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.35 a share compared with prior rate of $0.35, down 0.0% from last year’s. The company has boosted its dividend for the last 3 consecutive years with the latest dividend increase of $0.15 reported on Wednesday October 28 2020. Measured over the last 3 years, the Dividend has been growing by 131.71% yearly.

It is projected that Agnico Eagle Mines Limited’s next ex-dividend date will be on 26-Nov. AEM is expected to distribute $0.35 as its next dividend.

Agnico Eagle Mines Limited’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.80 meaning that AEM stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.26, while the total debt to equity was 0.29. In terms of profitability, the gross margin trailing 12 months is 57.60%. The trailing 12-month EBITDA margin is 46.42% while for the period ending June 29; Agnico Eagle Mines Limited’s operating margin was 30.50%. The firm’s gross profit as reported stood at $1.71 billion against revenue of $3.14 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Agnico Eagle Mines Limited’s cash and short-term investments amounted to $2.28 million against total debt of $1.69 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 12.17% to $2.49 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected AEM to announce $0.59 per share in earnings in its latest quarter, but it posted $0.69, representing a 16.90% surprise. EBITDA for the quarter stood at more than $467.88 million. AEM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.05 billion, with total debt at $1.69 billion

Technical Picture

Let’s look briefly at Agnico Eagle Mines Limited (AEM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 66.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.02%.

The stock’s 5-day moving average is $53.98, reflecting a +4.79% or $2.52 change from its current price. AEM is currently trading -1.08% above its 20-day SMA, -25.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.98% and -22.88% respectively.

Stochastic %K and %D was 83.66% and 83.81% and the average true range (ATR) pointed at 1.43. The RSI (14) points at 56.47%, while the 14-day stochastic is at 97.53% with the period’s ATR at 1.44. The stock’s 9-day MACD Oscillator is pointing at 1.23 and 2.11 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Agnico Eagle Mines Limited (NYSE: AEM), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for AEM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AEM as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $60.00 and a high of $106.29, with their median price target at $71.76. Looking at these predictions, the average price target given by analysts is for Agnico Eagle Mines Limited (AEM) stock is $77.99.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Hot Topics

Related Videos

Related Videos

Related Articles

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

592

100% free. stop anytime no spam