Agnico Eagle Mines Ltd (AEM): Not A Time To Panic Nor Freeze

Agnico Eagle Mines Ltd (AEM) concluded trading on Thursday at a closing price of $84.08, with 2.31 million shares of worth about $194.49 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.34% during that period and on September 26, 2024 the price saw a loss of about -0.19%. Currently the company’s common shares owned by public are about 498.19M shares, out of which, 497.31M shares are available for trading.

Stock saw a price change of 2.75% in past 5 days and over the past one month there was a price change of 2.20%. Year-to-date (YTD), AEM shares are showing a performance of 53.29% which increased to 78.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.22 but also hit the highest price of $85.14 during that period. The average intraday trading volume for Agnico Eagle Mines Ltd shares is 2.10 million. The stock is currently trading 3.77% above its 20-day simple moving average (SMA20), while that difference is up 7.06% for SMA50 and it goes to 31.84% higher than SMA200.

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Agnico Eagle Mines Ltd (NYSE: AEM) currently have 498.19M outstanding shares and institutions hold larger chunk of about 65.89% of that.

The stock has a current market capitalization of $41.89B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 68.44, while it has posted earnings per share of $1.23 in the same period. It has Quick Ratio of 0.76 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AEM, volatility over the week remained 1.86% while standing at 2.20% over the month.

Stock’s fiscal year EPS is expected to rise by 67.98% while it is estimated to increase by 14.33% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on February 29, 2024 offering a Hold rating for the stock and assigned a target price of $54 to it. Coverage by BMO Capital Markets stated Agnico Eagle Mines Ltd (AEM) stock as an Outperform in their note to investors on April 03, 2023, suggesting a price target of $60 for the stock. Stock get an Outperform rating from BMO Capital Markets on February 10, 2022.

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