747 institutions hold shares in Agnico Eagle Mines Limited (AEM), with 243.69k shares held by insiders accounting for 0.10% while institutional investors hold 73.30% of the company’s shares. The shares outstanding are 242.58M, and float is at 242.20M with Short Float at 0.57%. Institutions hold 73.23% of the Float.
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The top institutional shareholder in the company is Van Eck Associates Corporation with over 13.56 million shares valued at $956.18 million. The investor’s holdings represent 5.57% of the AEM Shares outstanding. As of Dec 30, 2020, the second largest holder is Massachusetts Financial Services Co. with 11.09 million shares valued at $782.06 million to account for 4.56% of the shares outstanding. The other top investors are FMR, LLC which holds 8.57 million shares representing 3.52% and valued at over $604.38 million, while Royal Bank of Canada holds 3.31% of the shares totaling 8.07 million with a market value of $568.76 million.
Agnico Eagle Mines Limited (NYSE: AEM) is -14.07% lower on its value in year-to-date trading and has touched a low of $44.82 and a high of $89.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AEM stock was last observed hovering at around $60.02 in the last trading session, with the day’s gains setting it 0.57% off its average median price target of $85.33 for the next 12 months. It is also 50.34% off the consensus price target high of $122.00 offered by 20 analysts, but current levels are -0.98% lower than the price target low of $60.00 for the same period.
Currently trading at $60.59, the stock is 2.71% and -3.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 0.95% at the moment leaves the stock -15.16% off its SMA200. AEM registered 35.64% gain for a year compared to 6-month loss of -23.86%. The firm has a 50-day simple moving average (SMA 50) of $59.01 and a 200-day simple moving average (SMA200) of $70.27.
The stock witnessed a 5.98% gain in the last 1 month and extending the period to 3 months gives it a -19.41%, and is 2.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.48% over the week and 2.53% over the month.
Agnico Eagle Mines Limited (AEM) has around 6210 employees, a market worth around $14.27B and $3.14B in sales. Current P/E ratio is 28.85 and Fwd P/E is 17.80. Profit margin for the company is 16.30%. Distance from 52-week low is 35.19% and -32.10% from its 52-week high. The company has generated returns on investments over the last 12 months (7.20%).
Agnico Eagle Mines Limited (AEM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Agnico Eagle Mines Limited (AEM) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 2 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Agnico Eagle Mines Limited is expected to release its quarterly report on 07/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.7 with sales reaching $929.32M over the same period.The EPS is expected to grow by 6.00% this year, but quarterly earnings will post 29.40% year-over-year. Quarterly sales are estimated to grow 38.30% in year-over-year returns.
Agnico Eagle Mines Limited (AEM): Who are the competitors?
The company’s main competitors (and peers) include Yamana Gold Inc. (AUY) that is trading 49.35% up over the past 12 months and Coeur Mining Inc. (CDE) that is 208.33% higher over the same period. Alamos Gold Inc. (AGI) is 47.16% up on the 1-year trading charts. Short interest in the company’s stock has fallen -14.49% from the last report on Feb 11, 2021 to stand at a total of 1.58 million short shares sold with a short interest ratio of 0.82.