Agnico Eagle Mines Limited (NYSE: AEM) is -9.77% lower on its value in year-to-date trading and has touched a low of $54.66 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 $65.09 in the last trading session, with the day’s loss setting it -1.47% off its average median price target of $78.70 for the next 12 months. It is also 44.84% off the consensus price target high of $115.34 offered by 19 analysts, but current levels are -6.03% lower than the price target low of $60.00 for the same period.
Currently trading at $63.62, the stock is 1.25% and 5.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -2.26% at the moment leaves the stock -11.01% off its SMA200. AEM registered 4.95% gain for a year compared to 6-month loss of -21.09%. The firm has a 50-day simple moving average (SMA 50) of $61.38 and a 200-day simple moving average (SMA200) of $68.33.
The stock witnessed a 12.18% gain in the last 1 month and extending the period to 3 months gives it a -8.34%, and is -3.84% down 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 2.11% over the week and 2.22% over the month.
Agnico Eagle Mines Limited (AEM) has around 6210 employees, a market worth around $15.51B and $3.14B in sales. Current P/E ratio is 30.30 and Fwd P/E is 18.66. Profit margin for the company is 16.30%. Distance from 52-week low is 16.39% and -28.70% 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”. 19 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”. 11 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 $0.62 with sales reaching $914.36M over the same period.The EPS is expected to grow by 6.00% this year, but quarterly earnings will post 28.20% year-over-year. Quarterly sales are estimated to grow 36.10% in year-over-year returns.
Agnico Eagle Mines Limited (AEM) Top Institutional Holders
740 institutions hold shares in Agnico Eagle Mines Limited (AEM), with 243.69k shares held by insiders accounting for 0.10% while institutional investors hold 73.11% of the company’s shares. The shares outstanding are 242.58M, and float is at 242.20M with Short Float at 0.43%. Institutions hold 73.03% of the Float.
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 (AEM): Who are the competitors?
The company’s main competitors (and peers) include Yamana Gold Inc. (AUY) that is trading -3.74% down over the past 12 months. Alamos Gold Inc. (AGI) is 0.00% down on the 1-year trading charts. Short interest in the company’s stock has risen 24.64% from the last report on Apr 14, 2021 to stand at a total of 1.04 million short shares sold with a short interest ratio of 0.87.