Agnico Eagle Mines Ltd (AEM) Stock Could Soon Reward Patient Investors

Agnico Eagle Mines Ltd (NYSE: AEM) is 57.94% higher on its value in year-to-date trading and has touched a low of $44.37 and a high of $86.64 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 $86.17 in the last trading session, with the day’s gains setting it 0.46%.

Currently trading at $86.63, the stock is 6.33% and 7.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.07 million and changing 0.53% at the moment leaves the stock 30.79% off its SMA200. AEM registered 74.59% gain for a year compared to 6-month gain of 39.14%. The firm has a 50-day simple moving average (SMA 50) of $80.9206 and a 200-day simple moving average (SMA200) of $66.2341.

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The stock witnessed a 4.21% loss in the last 1 month and extending the period to 3 months gives it a 14.85%, and is 8.53% 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 2.74% over the week and 2.05% over the month.

Agnico Eagle Mines Ltd (AEM) has around 15875 employees, a market worth around $43.16B and $7.31B in sales. Current P/E ratio is 70.52 and Fwd P/E is 18.24. Profit margin for the company is 8.44%. Distance from 52-week low is 95.24% and -0.01% from its 52-week high. The company has generated returns on investments over the last 12 months (2.91%).

with sales reaching $2.12B over the same period.The EPS is expected to grow by 75.32% this year, but quarterly earnings will post 23.40% year-over-year. Quarterly sales are estimated to grow 27.50% in year-over-year returns.

Agnico Eagle Mines Ltd (AEM) Top Institutional Holders

1119.0 institutions hold shares in Agnico Eagle Mines Ltd (AEM), with institutional investors hold 72.70% of the company’s shares. The shares outstanding are 498.19M, and float is at 497.32M with Short Float at 0.94%. Institutions hold 72.64% of the Float.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 22.32 million shares valued at $1.46 billion. The investor’s holdings represent 4.4854% of the AEM Shares outstanding. As of 2024-06-30, the second largest holder is FIL LTD with 21.43 million shares valued at $1.4 billion to account for 4.3058 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 19.2 million shares representing 3.8575% and valued at over $1.26 billion, while ROYAL BANK OF CANADA holds 2.6885 of the shares totaling 13.38 million with a market value of $874.96 million.