Agnico Eagle Mines Ltd (NYSE: AEM): Can’t Stop The Stock’s Slide?

Agnico Eagle Mines Ltd (NYSE:AEM) price is hovering higher on Tuesday, April 16, jumping 0.20% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $61.43. The company’s P/E ratio in the trailing 12-month period read 14.99. Taking into account the 52-week price action we note that the stock hit a 52-week high of $64.19 and 52-week low of $43.22. The stock added 10.04% on its value in the past month.

Agnico Eagle Mines Ltd, which has a market valuation of $30.71 billion. The company stock has a Forward Dividend ratio of 1.60, while the dividend yield is 2.60%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AEM a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that AEM’s price is at present 4.09% off the SMA20 and 14.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.86, with weekly volatility standing at 2.96%. The indicator jumps to 2.49% when calculated based on the past 30 days. Agnico Eagle Mines Ltd (NYSE:AEM)’s beta value is holding at 1.05, while the average true range (ATR) indicator is currently reading 1.65.

An analysis of the Agnico Eagle Mines Ltd (NYSE:AEM) stock in terms of its daily trading volume indicates that the 3-month average is 3.35 million.

Current records show that the company has 498.94M in outstanding shares. The insiders’ percentage holdings are 0.24% of outstanding shares while the percentage share held by institutions stands at 67.74%. But the 12.22% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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