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Check out this: Agnico Eagle Mines Ltd (AEM) could be on the verge of a big rally

Agnico Eagle Mines Ltd (NYSE: AEM) is 11.76% higher on its value in year-to-date trading and has touched a low of $43.22 and a high of $61.15 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 $59.65 in the last trading session, with the day’s gains setting it 1.65%.

Currently trading at $61.30, the stock is 11.18% and 20.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.56 million and changing 2.77% at the moment leaves the stock 22.52% off its SMA200. AEM registered 18.55% gain for a year compared to 6-month gain of 34.46%. The firm has a 50-day simple moving average (SMA 50) of $4.72 and a 200-day simple moving average (SMA200) of $7.93.

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The stock witnessed a 27.55% loss in the last 1 month and extending the period to 3 months gives it a 11.50%, and is 10.17% 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 2.22% over the week and 2.34% over the month.

Agnico Eagle Mines Ltd (AEM) has around 15875 employees, a market worth around $30.53B and $6.63B in sales. Current P/E ratio is 14.93 and Fwd P/E is 23.92. Profit margin for the company is 29.29%. Distance from 52-week low is 41.83% and 0.25% from its 52-week high. The company has generated returns on investments over the last 12 months (9.12%).

Agnico Eagle Mines Ltd quarterly earnings per share for the current quarter are estimated at $0.53 with sales reaching $1.69B over the same period.The EPS is expected to grow by 9.20% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 11.70% in year-over-year returns.

Agnico Eagle Mines Ltd (AEM) Top Institutional Holders

1,055 institutions hold shares in Agnico Eagle Mines Ltd (AEM), with institutional investors hold 72.11% of the company’s shares. The shares outstanding are 497.30M, and float is at 496.78M with Short Float at 1.46%. Institutions hold 72.02% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 21.46 million shares valued at $1.07 billion. The investor’s holdings represent 4.32% of the AEM Shares outstanding. As of Jun 29, 2023, the second largest holder is FIL LTD with 18.9 million shares valued at $944.55 million to account for 3.81% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 16.95 million shares representing 3.41% and valued at over $846.96 million, while Royal Bank of Canada holds 3.12% of the shares totaling 15.51 million with a market value of $775.0 million.

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