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Agnico Eagle Mines (AEM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Agnico Eagle Mines (AEM - Free Report) closed the most recent trading day at $152.48, moving -4.66% from the previous trading session. This move lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
The gold mining company's stock has dropped by 18.84% in the past month, falling short of the Basic Materials sector's loss of 5.57% and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company is predicted to post an EPS of $3.14, indicating a 61.86% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.94 billion, up 39.96% from the prior-year quarter.
AEM's full-year Zacks Consensus Estimates are calling for earnings of $13.18 per share and revenue of $16.6 billion. These results would represent year-over-year changes of +59.18% and +39.4%, respectively.
Any recent changes to analyst estimates for Agnico Eagle Mines should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.71% increase. Agnico Eagle Mines currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Agnico Eagle Mines is presently being traded at a Forward P/E ratio of 12.14. This signifies a premium in comparison to the average Forward P/E of 8.64 for its industry.
Investors should also note that AEM has a PEG ratio of 3.52 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining - Gold was holding an average PEG ratio of 0.89 at yesterday's closing price.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Agnico Eagle Mines (AEM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Agnico Eagle Mines (AEM - Free Report) closed the most recent trading day at $152.48, moving -4.66% from the previous trading session. This move lagged the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
The gold mining company's stock has dropped by 18.84% in the past month, falling short of the Basic Materials sector's loss of 5.57% and the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company is predicted to post an EPS of $3.14, indicating a 61.86% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.94 billion, up 39.96% from the prior-year quarter.
AEM's full-year Zacks Consensus Estimates are calling for earnings of $13.18 per share and revenue of $16.6 billion. These results would represent year-over-year changes of +59.18% and +39.4%, respectively.
Any recent changes to analyst estimates for Agnico Eagle Mines should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.71% increase. Agnico Eagle Mines currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Agnico Eagle Mines is presently being traded at a Forward P/E ratio of 12.14. This signifies a premium in comparison to the average Forward P/E of 8.64 for its industry.
Investors should also note that AEM has a PEG ratio of 3.52 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining - Gold was holding an average PEG ratio of 0.89 at yesterday's closing price.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.