Agnico Eagle Mines Ltd (NYSE: AEM) is 51.18% higher on its value in year-to-date trading and has touched a low of $61.56 and a high of $126.75 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 $121.10 in the last trading session, with the day’s loss setting it -2.86%.
Currently trading at $118.24, the stock is 5.92% and 13.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.32 million and changing -2.36% at the moment leaves the stock 35.09% off its SMA200. AEM registered 85.21% gain for a year compared to 6-month gain of 37.22%. The firm has a 50-day simple moving average (SMA 50) of $104.2406 and a 200-day simple moving average (SMA200) of $87.2832.
The stock witnessed a 13.50% loss in the last 1 month and extending the period to 3 months gives it a 32.51%, and is -1.93% 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 3.75% over the week and 4.30% over the month.
Current P/E ratio is 31.28 and Fwd P/E is 18.99. Profit margin for the company is 22.88%. Distance from 52-week low is 92.07% and -6.72% from its 52-week high. The company has generated returns on investments over the last 12 months (8.62%).
with sales reaching $2.44B over the same period.The EPS is expected to grow by 44.56% this year, but quarterly earnings will post 23.79% year-over-year. Quarterly sales are estimated to grow 33.13% in year-over-year returns.
1233.0 institutions hold shares in Agnico Eagle Mines Ltd (AEM), with institutional investors hold 70.18% of the company’s shares. The shares outstanding are 505.54M, and float is at 505.01M with Short Float at 1.31%. Institutions hold 70.12% 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 4.469 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 4.2901 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 19.2 million shares representing 3.8435 and valued at over $1.26 billion, while ROYAL BANK OF CANADA holds 2.6787 of the shares totaling 13.38 million with a market value of $874.96 million.
