Agnico Eagle Mines Ltd (NYSE:AEM) finished Friday with a subtraction of -$0.14 to close at $45.45, a downside of -0.31 percent. An average of 2,663,620 shares of common stock have been traded in the last five days. There was a fall of -$3.60 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 2,327,975 shares traded, while the 50-day average volume stands at 2,113,474.
AEM stock has decreased by -7.51% in the last month. The company shares reached their 1-month lowest point of $44.71 on 09/27/23. With the stock rallying to its 52-week high on 05/04/23, shares of the company touched a low of $39.24 and a high of $61.15 in 52 weeks. It has reached a new high 12 times so far this year and lost -12.58% or -$6.54 in price. In spite of this, the price is down -25.67% from the 52-week high.
Valuation Metrics
Agnico Eagle Mines Ltd (AEM) has a trailing price-to-earnings (P/E) ratio of 8.84. The stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.71, the price-to-book (PB) ratio at 1.13, and the price-to-cash flow ratio at 33.87.
The company has a payout ratio of 104.47%. The company’s most recent quarterly dividend payment was $0.40 a share, without any change from last year. Its latest increase dividend $0.05 reported on Friday February 25 2022.
Financial Health
The quick ratio of Agnico Eagle Mines Ltd for the three months ended June 29 was 0.85, and the current ratio was 2.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.11 for the quarter ending June 29. Its gross profit as reported stood at $3.1 billion compared to revenue of $5.74 billion.
Earnings Surprise
For the three-month period that ended June 29, Agnico Eagle Mines Ltd had $61.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $473.17 million in the quarter, while revenues were grew 169.04%. The analyst consensus anticipated Agnico Eagle Mines Ltd’s latest quarter earnings to come in at $0.55 per share, but it turned out to be $0.65, a 18.20% surprise. For the quarter, EBITDA amounted to $863.8 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Agnico Eagle Mines Ltd (AEM) price momentum. RSI 9-day as of the close on 29 September was 31.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.34%.
As of today, AEM’s price is $46.36 -7.34% or -$3.60 from its 5-day moving average. AEM is currently trading -6.31% lower than its 20-day SMA and -23.45% lower than its 100-day SMA. However, the stock’s current price level is -12.46% below the SMA50 and -11.39% below the SMA200.
The stochastic %K and %D were 11.36% and 13.43%, respectively, and the average true range (ATR) was 1.23. With the 14-day stochastic at 12.07% and the average true range at 1.18, the RSI (14) stands at 36.17%. The stock has reached -2.31 on the 9-day MACD Oscillator while the 14-day reading was at -2.57.
Analyst Ratings
The consensus rating for Agnico Eagle Mines Ltd (AEM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AEM, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 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 $55.00 and $73.69, with a median target of $67.62. Taking a look at these predictions, the average price target given by analysts for Agnico Eagle Mines Ltd (AEM) stock is $67.45.
