Agnico Eagle Mines Limited (NYSE: AEM) is 10.25% higher on its value in year-to-date trading and has touched a low of $36.69 and a high of $67.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AEM stock was last observed hovering at around $56.39 in the last trading session, with the day’s gains setting it 0.93% off its average median price target of $62.45 for the next 12 months. It is also 15.71% off the consensus price target high of $68.00 offered by 15 analysts, but current levels are -4.03% lower than the price target low of $55.10 for the same period.
Currently trading at $57.32, the stock is 5.59% and 10.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing 1.65% at the moment leaves the stock 17.60% off its SMA200. AEM registered 12.64% gain for a year compared to 6-month gain of 49.12%.
The stock witnessed a 9.60% loss in the last 1 month and extending the period to 3 months gives it a 33.09%, and is 5.02% 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 2.52% over the week and 2.39% over the month.
Agnico Eagle Mines Limited (AEM) has around 6810 employees, a market worth around $25.75B and $5.31B in sales. Current P/E ratio is 38.68 and Fwd P/E is 27.58. Profit margin for the company is 10.70%. Distance from 52-week low is 56.25% and -14.63% from its 52-week high. The company has generated returns on investments over the last 12 months (8.30%).
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 “Buy”. 15 analysts offering their recommendations for the stock have an average rating of 1.80, where 1 rate it as a Hold and 3 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 04/27/2023.The EPS is expected to grow by 5.40% this year.
Agnico Eagle Mines Limited (AEM) Top Institutional Holders
The shares outstanding are 456.27M, and float is at 455.46M with Short Float at 2.74%.
Agnico Eagle Mines Limited (AEM): Who are the competitors?
The company’s main competitors (and peers) include Yamana Gold Inc. (AUY) that is trading 47.03% up over the past 12 months and Coeur Mining Inc. (CDE) that is -19.29% lower over the same period. Alamos Gold Inc. (AGI) is 61.74% up on the 1-year trading charts.