Agnico Eagle Mines Ltd (NYSE:AEM) saw a downside of -3.23% to close Tuesday at $47.01 after subtracting -$1.57 on the day. The 5-day average trading volume is 2,378,920 shares of the company’s common stock. It has gained $50.84 in the past week and touched a new high 1 time within the past 5 days. An average of 2,195,740 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,067,224.
AEM’s 1-month performance is -0.63% or -$0.30 on its low of $46.64 reached on 09/06/23. The company’s shares have touched a 52-week low of $36.69 and high of $61.15, with the stock’s rally to the 52-week high happening on 05/04/23. YTD, AEM has lost -9.58% or -$4.98 and has reached a new high 12 times. However, the current price is down -23.12% from the 52-week high price.
Valuation Metrics
AEM stock has a beta of 0.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.83 while the price-to-book (PB) in the most recent quarter is 1.17, with the price to cash flow ratio at 35.04.
Agnico Eagle Mines Ltd’s quick ratio for the period ended June 29 was 0.85, with the current ratio over the same period at 2.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.10, while the total debt to equity was 0.11.. In terms of profitability, the gross margin trailing 12 months is 30.86%. The trailing 12-month EBITDA margin is 45.21% while for the period ending June 29, Agnico Eagle Mines Ltd’s operating margin was 27.09%. The firm’s gross profit as reported stood at $3.1 billion against revenue of $5.74 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 169.04% to $473.17 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected AEM to announce $0.55 per share in earnings in its latest quarter, but it posted $0.65, representing a 18.20% surprise. EBITDA for the quarter stood at more than $863.8 million. AEM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.36 billion, with total debt at $2.12 billion.
Let’s look briefly at Agnico Eagle Mines Ltd (AEM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 36.96% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.15%.
The stock’s 5-day moving average is $48.79, reflecting a -4.65% or -$2.29 change from its current price. AEM is currently trading -2.81% above its 20-day SMA, -19.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.68% and SMA200 by-9.40%.
Stochastic %K and %D was 36.33% and 52.43% and the average true range (ATR) pointed at 1.14. The RSI (14) points at 41.36%, while the 14-day stochastic is at 5.43% with the period’s ATR at 1.11. The stock’s 9-day MACD Oscillator is pointing at -0.70 and -0.22 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for AEM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AEM as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 14 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 $55.00 and a high of $73.69, with their median price target at $67.31. Looking at these predictions, the average price target given by analysts is for Agnico Eagle Mines Ltd (AEM) stock is $67.08.
