Agnico Eagle Mines Limited [AEM] Is Currently -4.82 below its 200 Period Moving Avg: What Does This Mean?


Agnico Eagle Mines Limited [NYSE: AEM] slipped around -3.13 points on Thursday, while shares priced at $61.76 at the close of the session, down -4.82%. The company report on April 21, 2022 that White Gold Corp. Identifies Significant Copper, Gold & Other Multi-Element Soil Geochemical Anomalies on its Hayes and Pilot Properties, Yukon, Canada.

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Agnico Eagle Mines Limited stock is now 16.22% up from its year-to-date (YTD) trading value. AEM Stock saw the intraday high of $64.63 and lowest of $61.27 per share. The company’s 52-week high price is 74.50, which means current price is +35.99% above from all time high which was touched on 04/18/22.

Compared to the average trading volume of 3.71M shares, AEM reached a trading volume of 3201000 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Agnico Eagle Mines Limited [AEM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AEM shares is $98.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AEM stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Agnico Eagle Mines Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 10, 2022. While these analysts kept the previous recommendation, Barclays raised their target price from $67 to $69. The new note on the price target was released on February 03, 2022, representing the official price target for Agnico Eagle Mines Limited stock. On October 06, 2021, analysts decreased their price target for AEM shares from 68 to 63.

The Average True Range (ATR) for Agnico Eagle Mines Limited is set at 2.02, with the Price to Sales ratio for AEM stock in the period of the last 12 months amounting to 7.34. The Price to Book ratio for the last quarter was 2.54, with the Price to Cash per share for the same quarter was set at 0.42. Price to Free Cash Flow for AEM in the course of the last twelve months was 162.15 with Quick ratio for the last quarter at 0.60.

How has AEM stock performed recently?

Agnico Eagle Mines Limited [AEM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.97. With this latest performance, AEM shares gained by 0.75% in over the last four-week period, additionally plugging by 7.71% over the last 6 months – not to mention a drop of -6.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AEM stock in for the last two-week period is set at 48.02, with the RSI for the last a single of trading hit 40.42, and the three-weeks RSI is set at 52.03 for Agnico Eagle Mines Limited [AEM]. The present Moving Average for the last 50 days of trading for this stock 58.95, while it was recorded at 64.47 for the last single week of trading, and 55.67 for the last 200 days.

Agnico Eagle Mines Limited [AEM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Agnico Eagle Mines Limited [AEM] shares currently have an operating margin of +26.87 and a Gross Margin at +30.60. Agnico Eagle Mines Limited’s Net Margin is presently recorded at +14.20.

Return on Equity for this stock inclined to 9.20, with Return on Assets sitting at 5.42.

Agnico Eagle Mines Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.70.

Earnings analysis for Agnico Eagle Mines Limited [AEM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AEM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Agnico Eagle Mines Limited go to -9.01%.

Insider trade positions for Agnico Eagle Mines Limited [AEM]

There are presently around $16,672 million, or 78.10% of AEM stock, in the hands of institutional investors. The top three institutional holders of AEM stocks are: VAN ECK ASSOCIATES CORP with ownership of 24,083,523, which is approximately -7.08% of the company’s market cap and around 0.20% of the total institutional ownership; ROYAL BANK OF CANADA, holding 15,494,080 shares of the stock with an approximate value of $1.01 billion in AEM stocks shares; and VANGUARD GROUP INC, currently with $932.34 million in AEM stock with ownership of nearly 1.682% of the company’s market capitalization.

Positions in Agnico Eagle Mines Limited stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 278 institutional holders increased their position in Agnico Eagle Mines Limited [NYSE:AEM] by around 29,969,328 shares. Additionally, 222 investors decreased positions by around 28,505,230 shares, while 85 investors held positions by with 198,451,106 shares. The mentioned changes placed institutional holdings at 256,925,664 shares, according to the latest SEC report filing. AEM stock had 97 new institutional investments in for a total of 11,717,196 shares, while 44 institutional investors sold positions of 2,579,868 shares during the same period.