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Agnico Eagle Mines (AEM) Rises As Market Takes a Dip: Key Facts
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In the latest trading session, Agnico Eagle Mines (AEM - Free Report) closed at $175.82, marking a +2.34% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
Prior to today's trading, shares of the gold mining company had lost 4.13% lagged the Basic Materials sector's gain of 3.28% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Agnico Eagle Mines in its forthcoming earnings report. The company is forecasted to report an EPS of $3.14, showcasing a 61.86% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $3.94 billion, up 39.96% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $13.2 per share and revenue of $16.66 billion. These totals would mark changes of +59.42% and +39.89%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Agnico Eagle Mines. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has moved 0.51% higher. As of now, Agnico Eagle Mines holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Agnico Eagle Mines is currently exchanging hands at a Forward P/E ratio of 13.01. This valuation marks a premium compared to its industry average Forward P/E of 9.48.
One should further note that AEM currently holds a PEG ratio of 3.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.97.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Agnico Eagle Mines (AEM) Rises As Market Takes a Dip: Key Facts
In the latest trading session, Agnico Eagle Mines (AEM - Free Report) closed at $175.82, marking a +2.34% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
Prior to today's trading, shares of the gold mining company had lost 4.13% lagged the Basic Materials sector's gain of 3.28% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Agnico Eagle Mines in its forthcoming earnings report. The company is forecasted to report an EPS of $3.14, showcasing a 61.86% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $3.94 billion, up 39.96% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $13.2 per share and revenue of $16.66 billion. These totals would mark changes of +59.42% and +39.89%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Agnico Eagle Mines. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has moved 0.51% higher. As of now, Agnico Eagle Mines holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Agnico Eagle Mines is currently exchanging hands at a Forward P/E ratio of 13.01. This valuation marks a premium compared to its industry average Forward P/E of 9.48.
One should further note that AEM currently holds a PEG ratio of 3.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.97.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.