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Agnico Eagle Mines (AEM) Stock Declines While Market Improves: Some Information for Investors
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Agnico Eagle Mines (AEM - Free Report) closed at $197.48 in the latest trading session, marking a -1.01% move from the prior day. This change lagged the S&P 500's 1.49% gain on the day. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
The gold mining company's shares have seen a decrease of 7.67% over the last month, not keeping up with the Basic Materials sector's gain of 0.21% and the S&P 500's gain of 0.1%.
Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company's earnings per share (EPS) are projected to be $2.45, reflecting a 13.43% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.53 billion, up 15.49% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.58 per share and revenue of $15.09 billion, which would represent changes of +39.86% and +26.72%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Agnico Eagle Mines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 shifted 0.17% upward. Agnico Eagle Mines is currently a Zacks Rank #3 (Hold).
With respect to valuation, Agnico Eagle Mines is currently being traded at a Forward P/E ratio of 17.23. This signifies a premium in comparison to the average Forward P/E of 13.26 for its industry.
One should further note that AEM currently holds a PEG ratio of 2.48. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Gold industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 18% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Agnico Eagle Mines (AEM) Stock Declines While Market Improves: Some Information for Investors
Agnico Eagle Mines (AEM - Free Report) closed at $197.48 in the latest trading session, marking a -1.01% move from the prior day. This change lagged the S&P 500's 1.49% gain on the day. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
The gold mining company's shares have seen a decrease of 7.67% over the last month, not keeping up with the Basic Materials sector's gain of 0.21% and the S&P 500's gain of 0.1%.
Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company's earnings per share (EPS) are projected to be $2.45, reflecting a 13.43% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.53 billion, up 15.49% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.58 per share and revenue of $15.09 billion, which would represent changes of +39.86% and +26.72%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Agnico Eagle Mines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 shifted 0.17% upward. Agnico Eagle Mines is currently a Zacks Rank #3 (Hold).
With respect to valuation, Agnico Eagle Mines is currently being traded at a Forward P/E ratio of 17.23. This signifies a premium in comparison to the average Forward P/E of 13.26 for its industry.
One should further note that AEM currently holds a PEG ratio of 2.48. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Gold industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 18% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.