Agnico Eagle Mines Ltd (NYSE:AEM) has a beta value of 1.09 and has seen 0.8 million shares traded in the recent trading session. The company, currently valued at $41.16B, closed the recent trade at $82.62 per share which meant it gained $0.54 on the day or 0.66% during that session. The AEM stock price is -3.05% off its 52-week high price of $85.14 and 46.3% above the 52-week low of $44.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.85 million shares traded. The 3-month trading volume is 2.16 million shares.
The consensus among analysts is that Agnico Eagle Mines Ltd (AEM) is Buy stock at the moment, with a recommendation rating of 1.42. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 9 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.97.
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Agnico Eagle Mines Ltd (NYSE:AEM) trade information
Sporting 0.66% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AEM stock price touched $82.62 or saw a rise of 1.62%. Year-to-date, Agnico Eagle Mines Ltd shares have moved 50.64%, while the 5-day performance has seen it change 5.70%. Over the past 30 days, the shares of Agnico Eagle Mines Ltd (NYSE:AEM) have changed 0.41%. Short interest in the company has seen 4.66 million shares shorted with days to cover at 2.07.
Wall Street analysts have a consensus price target for the stock at $80, which means that the shares’ value could drop -3.28% from the levels at last check today. The projected low price target is $66.0 while the price target rests at a high of $95.0. In that case, then, we find that the latest price level in today’s session is -14.98% off the targeted high while a plunge would see the stock lose 20.12% from the levels at last check today.
Agnico Eagle Mines Ltd (AEM) estimates and forecasts
Figures show that Agnico Eagle Mines Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 32.22% over the past 6 months, with this year growth rate of 73.99%, compared to 22.30% for the industry. Revenue growth from the last financial year stood is estimated to be 23.30%.
4 analysts offering their estimates for the company have set an average revenue estimate of 2.12B for the current quarter. 4 have an estimated revenue figure of 2.29B for the next ending quarter. Year-ago sales stood 1.66B and 1.76B respectively for this quarter and the next, and analysts expect sales will grow by 27.50% for the current quarter and 23.30% for the next.
Earnings growth for 2024 is a modest 72.86% while over the next 5 years, the company’s earnings are expected to decrease by -0.70%.
AEM Dividends
Agnico Eagle Mines Ltd is expected to release its next earnings report on 2024-Oct-30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.60 at a share yield of 1.94%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.33%.
Agnico Eagle Mines Ltd (NYSE:AEM)’s Major holders
Insiders own 0.08% of the company shares, while shares held by institutions stand at 70.88% with a share float percentage of 70.94%. Investors are also buoyed by the number of investors in a company, with Agnico Eagle Mines Ltd having a total of 1122.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 22.32 million shares worth more than $1.46 billion. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 4.4854% of shares outstanding.
The other major institutional holder is FIL LTD, with the holding of over 21.43 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.4 billion and represent 4.3058% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx. As of Sep 30, 2024, the former fund manager holds about 3.59% shares in the company for having 17.99 shares of worth $1.49 billion while later fund manager owns 6.92 shares of worth $571.79 million as of Jul 31, 2024, which makes it owner of about 1.38% of company’s outstanding stock.
