As of Thursday close, Agnico Eagle Mines Limited’s (NYSE:AEM) stock was down -$0.27, moving down -0.56 percent to $48.35. The average number of shares traded per day over the past five days has been 2,360,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.24 fall in that time frame. In the last twenty days, the average volume was 2,140,255, while in the previous 50 days, it was 2,349,090.
Since last month, AEM stock retreated -1.95%. Shares of the company fell to $47.95 on 08/03/23, the lowest level in the past month. A 52-week high of $61.15 was reached on 05/04/23 after having rallying from a 52-week low of $36.69. Since the beginning of this year, AEM’s stock price has dropped by -7.00% or -$3.64, and marked a new high 12 times. However, the stock has declined by -20.93% since its 52-week high.
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Valuation Metrics
Right now, Agnico Eagle Mines Limited (AEM) has a P/E ratio of about 9.39. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 3.89, the price-to-book (PB) ratio of 1.20, and the price-to-cash flow ratio of 410.41 may also be considered.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40.
Financial Health
In the recent quarter, Agnico Eagle Mines Limited’s quick ratio stood at 0.90, while its current ratio was 2.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.10, and the total debt-to-equity ratio was 0.11. On the profitability front, the trailing twelve-month gross margin is 55.60% percent. In the recent year, EBITDA margin amounted to 45.39%, whereas operating margins totaled 25.50%. Based on annual data, AEM earned $3.1 billion in gross profit and brought in $5.74 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 4.70%. Return on equity (ROE) for the past 12 months was 13.50%.
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. During the quarter, the company generated $863.8 million in EBITDA. The liabilities of Agnico Eagle Mines Limited were 9.36 billion at the end of its most recent quarter, and its total debt was $2.12 billion.
Technical Picture
This quick technical analysis looks at Agnico Eagle Mines Limited’s (AEM) price momentum. With a historical volatility rate of 32.87%, the RSI 9-day stood at 32.63% on 03 August.
With respect to its five-day moving average, the current Agnico Eagle Mines Limited price is down by -4.43% percent or -$2.24. At present, AEM shares trade +0.29% above its 20-day simple moving average and +6.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.58% below its SMA50 and +20.51% above its SMA200.
Stochastic coefficient K was 3.38% and Stochastic coefficient D was 17.29%, while ATR was 1.33. Given the Stochastic reading of 6.29% for the 14-day period, the RSI (14) reading has been calculated as 37.75%. As of today, the MACD Oscillator reading stands at -1.72, while the 14-day reading stands at -2.40.
Analyst Ratings
Agnico Eagle Mines Limited (AEM) has been rated Buy by analysts. According to 0 brokerage firms, AEM is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Agnico Eagle Mines Limited stock as buy, with 14 recommending it as overweight.
With a median target price of $68.20, the current consensus forecast for the stock is $55.00 – $73.69. Based on these forecasts, analysts predict Agnico Eagle Mines Limited (AEM) will achieve an average price target of $67.13.
