Agnico Eagle Mines Ltd (NYSE:AEM) shares, rose in value on Friday, April 26, with the stock price up by 3.03% to the previous day’s close as strong demand from buyers drove the stock to $66.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $64.94. The PE ratio was 16.29 over 12-month period. Referring to stock’s 52-week performance, its high was $65.49, and the low was $43.22. On the whole, AEM has fluctuated by 15.66% over the past month.
The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 2.39%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.28B, with a low estimate of 1.66B and a high estimate of 1.78B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.73B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AEM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AEM currently trading nearly 7.87% and 18.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.23, while the 7-day volatility ratio is showing 2.35% which for the 30-day chart, stands at 2.59%. Furthermore, Agnico Eagle Mines Ltd (AEM)’s beta value is 1.03, and its average true range (ATR) is 1.73.
A comparison of Agnico Eagle Mines Ltd (AEM) with its peers suggests the former has fared considerably weaker in the market. AEM showed an intraday change of 3.03% in today’s session so far, and over the past year, it grew by 19.72%%.
Data on historical trading for Agnico Eagle Mines Ltd (NYSE:AEM) indicates that the trading volumes over the past 3 months, they’ve averaged 3.46 million. According to company’s latest data on outstanding shares, there are 498.94 million shares outstanding.
Nearly 0.24% of Agnico Eagle Mines Ltd’s shares belong to company insiders and institutional investors own 67.73% of the company’s shares. The stock has risen by 21.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AEM stock heading into the next quarter.
