Agnico Eagle Mines Limited (NYSE:AEM) does about 1.56M shares in volume on a normal day but saw 2324852 shares change hands in Friday trading. The company now has a market cap of 16.60B USD and an enterprise value of about $16.78B. Its current market price is $74.12, marking an increase of 3.23% compared to the previous close of $71.80. The 52 week high reached by this stock is $71.92 whilst the lowest price level in 52 weeks is $31.00. The script in recent trading has seen the stock touch a high of $71.915 and a low of $69.38.
Agnico Eagle Mines Limited (AEM) has a 20-day trading average at $66.28 and the current price is 3.07% off the 52-week high compared with 139.10% distance from its 52-week low. The 50-day simple moving average of the closing price is $63.64 and its 200-day simple moving average is $57.68. If we look at the stock’s price movements over the week, volatility stands at 3.32%, which increases to 3.46% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.13 to suggest the stock is overbought.
The consensus objective for the share price is $72.11, suggesting that the stock has a potential downside of -2.79% over the period.
FactSet Research has provided data showing that 18 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 2 advise that it is a overweight. 11 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
Scotiabank downgraded the stock to “Sector Perform” from Sector Outperform on February 18, 2020 at a price target of. Barclays upgraded its price target at.
The current price level is 12.91%, 16.76%, and 28.73% away from its SMA20, SMA50, and SMA200 respectively, with the AEM price moving above the 50-day SMA on July 24. Agnico Eagle Mines Limited (AEM) stock is up 7.26% over the week and 16.67% over the past month. Its price is 16.54% year-to-date and 33.51% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/30/2020, with the company’s earnings per share (EPS) of $0.23 above consensus estimates by $0.05. The company’s next earnings report is expected on 07/29/2020, with forecasts estimating quarterly EPS at $0.21 and $1.53 for whole year. AEM’s earnings per share are forecast to grow by 59.40% this year and 78.40% over next year. Expected sales for next quarter are $862.07 million, which analysts say will come at $2.9 billion for the current fiscal year and next year at $3.61 billion. In addition, estimates put the company’s current quarterly revenue at an average of $536.15 million.
Its 12-month price target is $74.00. To reach the target analysts have set, the stock logically needs to shrink -2.79 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $53.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $83.93.
Outstanding shares total 240.22M with insiders holding 0.12% of the shares and institutional holders owning 76.25% of the company’s common stock. The company has a return on investment of 7.90% and return on equity of 8.50%. The price to earnings ratio (P/E ratio) amounts to 41.57 while the forward price to earnings ratio is 26.33. The beta has a value of 0.74. Price to book ratio is 3.42 and price to sales ratio is 6.30.
According to a U.S. Securities and Exchange Commission filing, VanEck Vectors – Gold Miners ETF has reduced its position in Agnico Eagle Mines Limited (AEM) to 10,775,809 shares, mirroring a recent drop by -0.14%. VanEck Vectors – Gold Miners ETF dumped 14904.0 shares of Agnico Eagle Mines Limited common stock bringing its total worth to about $690.3 million at the end of recent close, SEC documents show. VanEck Vectors – Gold Miners ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Total International Stoc, which sold off 68419.0 shares to end up with 4,097,285 shares worth $262.47 million. First Eagle Global Fund cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 1.61% position in Agnico Eagle Mines Limited thanks to 3.87 million shares amounting to $247.98 million.