Agnico Eagle Mines Limited [AEM] moved up 2.71: Why It’s Important

Related

Agnico Eagle Mines Limited [NYSE: AEM] closed the trading session at $39.48 on 07/26/22. The day’s price range saw the stock hit a low of $38.49, while the highest price level was $39.51. The company report on July 5, 2022 that White Gold Corp. Commences Drill Program at the Betty Property, Yukon.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


Figure 1.

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company”) is pleased to announce the commencement of the 2022 drill program at the Betty Ford and Mascot targets on its Betty property. The Betty property is strategically located in the southern part of the Company’s land package, approximately 15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit (Measured & Indicated Resources of 14.5 Moz gold & 7.6 Blbs copper and Inferred Resources of 6.6 Moz gold and 3.3 Blb copper(4)) and 40 km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee gold deposit (Measured & Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold(3)). This drill program forms part of the Company’s 2022 fully funded $6 million exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

The stocks have a year to date performance of -25.71 percent and weekly performance of -8.14 percent. The stock has been moved at -21.50 percent over the last six months. The stock has performed -19.79 percent around the most recent 30 days and changed -31.30 percent over the most recent 3-months.

If compared to the average trading volume of 2.88M shares, AEM reached to a volume of 7281475 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Agnico Eagle Mines Limited [AEM]:

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 1.90, with the Price to Sales ratio for AEM stock in the period of the last 12 months amounting to 4.39. The Price to Book ratio for the last quarter was 0.93, with the Price to Cash per share for the same quarter was set at 2.27. Price to Free Cash Flow for AEM in the course of the last twelve months was 141.00 with Quick ratio for the last quarter at 1.50.

AEM stock trade performance evaluation

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 -8.14. With this latest performance, AEM shares dropped by -19.79% in over the last four-week period, additionally sinking by -21.50% over the last 6 months – not to mention a drop of -35.41% 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 29.89, with the RSI for the last a single of trading hit 28.06, and the three-weeks RSI is set at 32.20 for Agnico Eagle Mines Limited [AEM]. The present Moving Average for the last 50 days of trading for this stock 48.83, while it was recorded at 40.12 for the last single week of trading, and 53.38 for the last 200 days.

Agnico Eagle Mines Limited [AEM]: An insightful look at the core 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 1.50 and a Current Ratio set at 2.60.

Earnings per share (EPS) analysis for Agnico Eagle Mines Limited [AEM] stock

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 0.39%.

Agnico Eagle Mines Limited [AEM]: Insider Ownership positions

There are presently around $9,947 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 20,726,131, which is approximately -13.941% of the company’s market cap and around 0.20% of the total institutional ownership; GQG PARTNERS LLC, holding 15,571,763 shares of the stock with an approximate value of $598.58 million in AEM stocks shares; and VANGUARD GROUP INC, currently with $579.19 million in AEM stock with ownership of nearly 4.868% of the company’s market capitalization.

Positions in Agnico Eagle Mines Limited stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 293 institutional holders increased their position in Agnico Eagle Mines Limited [NYSE:AEM] by around 42,199,282 shares. Additionally, 266 investors decreased positions by around 40,049,418 shares, while 65 investors held positions by with 176,513,964 shares. The mentioned changes placed institutional holdings at 258,762,664 shares, according to the latest SEC report filing. AEM stock had 83 new institutional investments in for a total of 3,315,208 shares, while 89 institutional investors sold positions of 12,050,456 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]