Gaining Ground: Agnico Eagle Mines Ltd (AEM) Closes Higher at 66.07, Up 2.26

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The price of Agnico Eagle Mines Ltd (NYSE: AEM) closed at $66.07 in the last session, up 2.26% from day before closing price of $64.61. In other words, the price has increased by $2.26 from its previous closing price. On the day, 2.76 million shares were traded. AEM stock price reached its highest trading level at $66.45 during the session, while it also had its lowest trading level at $64.75.

Ratios:

We take a closer look at AEM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 61.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.20. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 2.21. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on February 29, 2024, initiated with a Hold rating and assigned the stock a target price of $54.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AEM now has a Market Capitalization of 32915611648 and an Enterprise Value of 34374393856. As of this moment, Agnico’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.92, and their Forward P/E ratio for the next fiscal year is 19.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.74 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 4.948 whereas that against EBITDA is 10.132.

Stock Price History:

The Beta on a monthly basis for AEM is 1.05, which has changed by 0.34534717 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, AEM has reached a high of $71.50, while it has fallen to a 52-week low of $43.22. The 50-Day Moving Average of the stock is 0.60%, while the 200-Day Moving Average is calculated to be 21.43%.

Shares Statistics:

According to the various share statistics, AEM traded on average about 2.92M shares per day over the past 3-months and 2383930 shares per day over the past 10 days. A total of 497.30M shares are outstanding, with a floating share count of 497.27M. Insiders hold about 0.19% of the company’s shares, while institutions hold 68.27% stake in the company. Shares short for AEM as of 1715731200 were 7993167 with a Short Ratio of 2.74, compared to 1713139200 on 8005115. Therefore, it implies a Short% of Shares Outstanding of 7993167 and a Short% of Float of 1.67.

Dividends & Splits

The forward annual dividend rate for AEM is 1.60, which was 1.6 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.024763968The stock’s 5-year Average Dividend Yield is 2.25.

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