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Agnico Eagle Mines (AEM) Suffers a Larger Drop Than the General Market: Key Insights
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Agnico Eagle Mines (AEM - Free Report) ended the recent trading session at $160.16, demonstrating a -4.01% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.
Prior to today's trading, shares of the gold mining company had lost 5.15% lagged the Basic Materials sector's loss of 0.5% and the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Agnico Eagle Mines in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.14, indicating a 61.86% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.94 billion, indicating a 39.96% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.2 per share and a revenue of $16.66 billion, signifying shifts of +59.42% and +39.89%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Agnico Eagle Mines. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.51% rise in the Zacks Consensus EPS estimate. Agnico Eagle Mines is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Agnico Eagle Mines is presently being traded at a Forward P/E ratio of 12.64. This signifies a premium in comparison to the average Forward P/E of 9.3 for its industry.
We can additionally observe that AEM currently boasts a PEG ratio of 3.66. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Mining - Gold stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 33% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Agnico Eagle Mines (AEM) Suffers a Larger Drop Than the General Market: Key Insights
Agnico Eagle Mines (AEM - Free Report) ended the recent trading session at $160.16, demonstrating a -4.01% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.
Prior to today's trading, shares of the gold mining company had lost 5.15% lagged the Basic Materials sector's loss of 0.5% and the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Agnico Eagle Mines in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.14, indicating a 61.86% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.94 billion, indicating a 39.96% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.2 per share and a revenue of $16.66 billion, signifying shifts of +59.42% and +39.89%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Agnico Eagle Mines. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.51% rise in the Zacks Consensus EPS estimate. Agnico Eagle Mines is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Agnico Eagle Mines is presently being traded at a Forward P/E ratio of 12.64. This signifies a premium in comparison to the average Forward P/E of 9.3 for its industry.
We can additionally observe that AEM currently boasts a PEG ratio of 3.66. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Mining - Gold stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 33% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.