Can Agnico Eagle Mines Limited (AEM) Add Value To Your Portfolio?

As of Friday close, Agnico Eagle Mines Limited’s (NYSE:AEM) stock was up $0.03, moving up 0.06 percent to $50.64. The average number of shares traded per day over the past five days has been 3,553,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.74 fall in that time frame. In the last twenty days, the average volume was 2,958,475, while in the previous 50 days, it was 3,537,766.

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Since last month, AEM stock retreated -22.90%. Shares of the company fell to $49.56 on 05/12/22, the lowest level in the past month. A 52-week high of $74.50 was reached on 04/18/22 after having rallying from a 52-week low of $45.42. Since the beginning of this year, AEM’s stock price has dropped by -4.70% or -$2.50, and marked a new high 14 times. However, the stock has declined by -32.03% since its 52-week high.

Valuation Metrics

Right now, Agnico Eagle Mines Limited (AEM) has a P/E ratio of about 26.04. The stock’s beta is 0.85. Besides these, the trailing price-to-sales (P/S) ratio of 5.58, the price-to-book (PB) ratio of 1.20, and the price-to-cash flow ratio of 179.47 may also be considered.

The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Friday February 25 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended March 30, Agnico Eagle Mines Limited’s quick ratio stood at 1.50, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.09, and the total debt-to-equity ratio was 0.11. On the profitability front, the trailing twelve-month gross margin is 53.60% percent. In the year ended March 30, operating margins totaled 21.70%. Based on annual data, AEM earned $2.07 billion in gross profit and brought in $3.82 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.30%. Return on equity (ROE) for the past 12 months was 6.10%.

In Agnico Eagle Mines Limited’s quarter-end financial report for March 30, it reported total debt of $61.0 million against cash and short-term investments of $2.28 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AEM’s revenue rose 12.17% during the quarter, while net income inched up to $2.49 billion. While analysts expected Agnico Eagle Mines Limited to report $0.49 quarterly earnings, the actual figure was $0.79 per share, beating the consensus estimate by 61.20%. During the quarter, the company generated $522.41 million in EBITDA. The liabilities of Agnico Eagle Mines Limited were 7.07 billion at the end of its most recent quarter ended March 30, and its total debt was $1.71 billion.

Technical Picture

This quick technical analysis looks at Agnico Eagle Mines Limited’s (AEM) price momentum. With a historical volatility rate of 38.91%, the RSI 9-day stood at 22.30% on 13 May.

With respect to its five-day moving average, the current Agnico Eagle Mines Limited price is down by -11.75% percent or -$6.74. At present, AEM shares trade -23.04% below its 20-day simple moving average and -1.57% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.07% below its SMA50 and -21.82% below its SMA200.

Stochastic coefficient K was 7.50% and Stochastic coefficient D was 5.83%, while ATR was 2.45. Given the Stochastic reading of 9.58% for the 14-day period, the RSI (14) reading has been calculated as 28.72%. As of today, the MACD Oscillator reading stands at -3.54, while the 14-day reading stands at -4.11.

Analyst Ratings

Agnico Eagle Mines Limited (AEM) has been rated Buy by analysts. According to 0 brokerage firms , AEM is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Agnico Eagle Mines Limited stock as buy, with 13 recommending it as overweight.

With a median target price of $73.00, the current consensus forecast for the stock is $65.00 – $85.00. Based on these forecasts, analysts predict Agnico Eagle Mines Limited (AEM) will achieve an average price target of $73.56.


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