A new trading day began on Monday, with Agnico Eagle Mines Ltd (NYSE: AEM) stock price down -3.06% from the previous day of trading, before settling in for the closing price of $84.30. AEM’s price has ranged from $44.37 to $89.00 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 25.35%. Meanwhile, its annual earnings per share averaged 83.65%. With a float of $500.95 million, this company’s outstanding shares have now reached $501.52 million.
Considering the fact that the conglomerate employs 15875 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 38.74%, operating margin of 34.65%, and the pretax margin is 21.76%.
Agnico Eagle Mines Ltd (AEM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of Agnico Eagle Mines Ltd is 0.11%, while institutional ownership is 63.89%.
Agnico Eagle Mines Ltd (AEM) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.57 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.65% per share during the next fiscal year.
Agnico Eagle Mines Ltd (NYSE: AEM) Trading Performance Indicators
Here are Agnico Eagle Mines Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.83. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.33. Likewise, its price to free cash flow for the trailing twelve months is 31.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.00, a number that is poised to hit 1.19 in the next quarter and is forecasted to reach 5.10 in one year’s time.
Technical Analysis of Agnico Eagle Mines Ltd (AEM)
Compared to the last year’s volume of 2.65 million, its volume of 1.67 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 86.46%. Additionally, its Average True Range was 2.42.
During the past 100 days, Agnico Eagle Mines Ltd’s (AEM) raw stochastic average was set at 63.84%, which indicates a significant increase from 60.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.82% in the past 14 days, which was higher than the 29.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.65, while its 200-day Moving Average is $70.48. Nevertheless, the first resistance level for the watch stands at $82.60 in the near term. At $83.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $84.61. If the price goes on to break the first support level at $80.59, it is likely to go to the next support level at $79.47. Should the price break the second support level, the third support level stands at $78.58.
Agnico Eagle Mines Ltd (NYSE: AEM) Key Stats
With a market capitalization of 57.30 billion, the company has a total of 502,064K Shares Outstanding. Currently, annual sales are 6,627 M while annual income is 1,941 M. The company’s previous quarter sales were 2,156 M while its latest quarter income was 567,120 K.
