Agnico Eagle Mines Ltd [AEM] fell -12.45% so far this year. What now?

Agnico Eagle Mines Ltd [NYSE: AEM] closed the trading session at $48.02. The company report on February 28, 2024 at 5:00 PM that AGNICO EAGLE ANNOUNCES PURCHASE OF COMMON SHARES OF PRISM RESOURCES INC.

Stock Symbol: AEM (NYSE and TSX).

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Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has acquired 5,750,000 common shares (“Common Shares”) of Prism Resources Inc. (“Prism”) from Trevali Mining Corporation at a price of approximately C$0.0174 per Common Share for total consideration of C$100,000 (the “Transaction”), pursuant to a share purchase agreement dated February 13, 2024 (the “Share Purchase Agreement”) between Agnico Eagle and FTI Consulting Canada Inc., in its capacity as court-appointed monitor of Prism.

The stocks have a year to date performance of -12.45 percent and weekly performance of -1.52 percent. The stock has been moved at -0.72 percent over the last six months. The stock has performed -3.81 percent around the most recent 30 days and changed -5.45 percent over the most recent 3-months.

If compared to the average trading volume of 2.96M shares, AEM reached to a volume of 5027801 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 Ltd [AEM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AEM shares is $66.72 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 1.24. 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 Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 03, 2023. The new note on the price target was released on September 30, 2022, representing the official price target for Agnico Eagle Mines Ltd stock.

The Average True Range (ATR) for Agnico Eagle Mines Ltd is set at 1.19, with the Price to Sales ratio for AEM stock in the period of the last 12 months amounting to 3.58. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 0.68. Price to Free Cash Flow for AEM in the course of the last twelve months was 25.58 with Quick ratio for the last quarter at 0.74.

AEM stock trade performance evaluation

Agnico Eagle Mines Ltd [AEM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.52. With this latest performance, AEM shares dropped by -3.81% in over the last four-week period, additionally sinking by -0.72% over the last 6 months – not to mention a rise of 4.53% 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 47.01, with the RSI for the last a single of trading hit 48.29, and the three-weeks RSI is set at 46.43 for Agnico Eagle Mines Ltd [AEM]. The present Moving Average for the last 50 days of trading for this stock 50.46, while it was recorded at 48.58 for the last single week of trading, and 49.82 for the last 200 days.

Agnico Eagle Mines Ltd [AEM]: An insightful look at the core fundamentals

Agnico Eagle Mines Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 2.09.

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

With the latest financial reports released by the company, Agnico Eagle Mines Ltd posted 0.57/share EPS, while the average EPS was predicted by analysts to be reported at 0.49/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.30%. 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 Ltd go to -0.70%.

Agnico Eagle Mines Ltd [AEM]: Institutional Ownership

The top three institutional holders of AEM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AEM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AEM stock with ownership which is approximately 5.8325%.