Agnico Eagle Mines (AEM) Stock Price, News & Analysis

Company Overview

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States. Agnico Eagle Mines Limited was incorporated in 1953 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $83.75 to $86.42
• 50-Day Range: $75.99 to $88.90
• 52-Week Range: $44.37 to $89.00
• Volume: 793,701 shs
• Average Volume: 2.62 million shs
• Market Capitalization: $43.37 billion
• P/E Ratio: 43.19
• Dividend Yield: 1.85%
• Price Target: $86.78
• Consensus Rating: Moderate Buy

Agnico Eagle Mines Stock Analysis - MarketRank™

Agnico Eagle Mines scored higher than 87% of companies evaluated by MarketBeat, and ranked 45th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Agnico Eagle Mines has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Agnico Eagle Mines has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 14.99%

Earnings Growth

Earnings for Agnico Eagle Mines are expected to grow by 14.99% in the coming year, from $4.07 to $4.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Agnico Eagle Mines is 41.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Agnico Eagle Mines is 41.44, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 106.26.

Price to Earnings Growth Ratio

Agnico Eagle Mines has a PEG Ratio of 0.66. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Agnico Eagle Mines has a P/B Ratio of 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.84% of the float of Agnico Eagle Mines has been sold short.

Short Interest Ratio / Days to Cover

Agnico Eagle Mines has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Agnico Eagle Mines has recently decreased by 20.75%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Agnico Eagle Mines pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Agnico Eagle Mines does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Agnico Eagle Mines is 80.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Agnico Eagle Mines will have a dividend payout ratio of 34.19% next year. This indicates that Agnico Eagle Mines will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -6.29

Percentage of Shares Shorted

0.84% of the float of Agnico Eagle Mines has been sold short.

Short Interest Ratio / Days to Cover

Agnico Eagle Mines has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Agnico Eagle Mines has recently decreased by 20.75%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.30

News Sentiment

Agnico Eagle Mines has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Agnico Eagle Mines this week, compared to 7 articles on an average week.

Search Interest

32 people have searched for AEM on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.

MarketBeat Follows

Only 22 people have added Agnico Eagle Mines to their MarketBeat watchlist in the last 30 days. This is a decrease of -24% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Agnico Eagle Mines insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.51% of the stock of Agnico Eagle Mines is held by insiders.

Percentage Held by Institutions

68.34% of the stock of Agnico Eagle Mines is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AEM Stock Analysis - Frequently Asked Questions

How have AEM shares performed this year?

Agnico Eagle Mines' stock was trading at $54.85 at the beginning of the year. Since then, AEM stock has increased by 51.1% and is now trading at $82.87.
View the best growth stocks for 2024 here.

How were Agnico Eagle Mines' earnings last quarter?

Agnico Eagle Mines Limited (NYSE:AEM) announced its quarterly earnings data on Wednesday, July, 31st. The mining company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.14. Agnico Eagle Mines's quarterly revenue was up 20.9% compared to the same quarter last year.

Does Agnico Eagle Mines have any subsidiaries?

Agnico Eagle Mines subsidiaries include Agnico Eagle Finland Oy, Agnico Eagle Mines Limited, Agnico Eagle (usa) Limited, Agnico Sonora S.A. de C.V., Grayd Resource Corporation, Meliadine Holdings Inc, Servicios Agnico del Pacifico S.A. de C.V., and Servicios Pinos Altos S.A. de C.V..

Who are Agnico Eagle Mines' major shareholders?

Top institutional investors of Agnico Eagle Mines include Van ECK Associates Corp (4.31%), FMR LLC (3.00%), Massachusetts Financial Services Co. MA (2.58%) and CIBC Asset Management Inc (1.21%).

How do I buy shares of Agnico Eagle Mines?

Shares of AEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Agnico Eagle Mines own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Agnico Eagle Mines investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 12/16 Dividend: 11/29/2024
• Today: 12/03/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Precious Metals
• Current Symbol: NYSE:AEM
• CUSIP: N/A
• CIK: 2809
• Web: www.agnicoeagle.com
• Phone: (416) 947-1212
• Fax: 416-367-4681
• Employees: 15,875
• Year Founded: 1957

Price Target and Rating

• Average Stock Price Target: $86.78
• High Stock Price Target: $101.00
• Low Stock Price Target: $71.00
• Potential Upside/Downside: +4.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.00
• Trailing P/E Ratio: 41.44
• Forward P/E Ratio: 20.36
• P/E Growth: 0.66
• Net Income: $1.94 billion
• Net Margins: 12.86%
• Pretax Margin: 22.08%
• Return on Equity: 8.88%
• Return on Assets: 6.06%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 1.75
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $6.63 billion
• Price / Sales: 6.28
• Cash Flow: $5.11 per share
• Price / Cash Flow: 16.22
• Book Value: $40.84 per share
• Price / Book: 2.03

Miscellaneous

• Outstanding Shares: 502,060,000
• Free Float: 499,503,000
• Market Cap: $41.61 billion
• Optionable: Optionable
• Beta: 1.09