Now Is A Suitable Moment For A Long-Term Purchase Of Agnico Eagle Mines Ltd (NYSE: AEM)

Currently, there are 497.30M common shares owned by the public and among those 496.78M shares have been available to trade.

The company’s stock has a 5-day price change of 10.17% and 11.50% over the past three months. AEM shares are trading 11.76% year to date (YTD), with the 12-month market performance up to 18.55% higher. It has a 12-month low price of $43.22 and touched a high of $61.15 over the same period. AEM has an average intraday trading volume of 3.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.18%, 20.03%, and 22.52% respectively.

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Institutional ownership of Agnico Eagle Mines Ltd (NYSE: AEM) shares accounts for 67.81% of the company’s 497.30M shares outstanding.

It has a market capitalization of $30.53B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 14.93, while the earnings-per-share (ttm) stands at $4.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.22% over the week and 2.34% over the month.

Analysts forecast that Agnico Eagle Mines Ltd (AEM) will achieve an EPS of $0.53 for the current quarter, $0.54 for the next quarter and $2.49 for 2025. The lowest estimate earnings-per-share for the quarter is $0.46 while analysts give the company a high EPS estimate of $0.59. Comparatively, EPS for the current quarter was $0.57 a year ago. Earnings per share for the fiscal year are expected to increase by 9.20%, and 5.25% over the next financial year.

Looking at the support for the AEM, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on February 29, 2024, with the firm’s price target at $54. BMO Capital Markets coverage for the Agnico Eagle Mines Ltd (AEM) stock in a research note released on April 03, 2023 offered a Outperform rating with a price target of $60. BMO Capital Markets on their part issued Outperform rating on February 10, 2022.

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