We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Agnico Eagle Mines (AEM) Suffers a Larger Drop Than the General Market: Key Insights
Read MoreHide Full Article
Agnico Eagle Mines (AEM - Free Report) closed the most recent trading day at $184.15, moving -5.31% from the previous trading session. This change lagged the S&P 500's 0.77% loss on the day. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
Shares of the gold mining company have depreciated by 5.71% over the course of the past month, outperforming the Basic Materials sector's loss of 9.1%, and lagging the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of Agnico Eagle Mines in its forthcoming earnings report. On that day, Agnico Eagle Mines is projected to report earnings of $2.45 per share, which would represent year-over-year growth of 13.43%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.53 billion, indicating a 15.49% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.46 per share and a revenue of $15.04 billion, representing changes of +38.41% and +26.28%, respectively, from the prior year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.79% lower within the past month. Agnico Eagle Mines is currently a Zacks Rank #3 (Hold).
In terms of valuation, Agnico Eagle Mines is currently trading at a Forward P/E ratio of 16.96. This valuation marks a premium compared to its industry average Forward P/E of 13.07.
Investors should also note that AEM has a PEG ratio of 2.44 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AEM's industry had an average PEG ratio of 0.95 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 17% of all 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.
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
Image: Bigstock
Agnico Eagle Mines (AEM) Suffers a Larger Drop Than the General Market: Key Insights
Agnico Eagle Mines (AEM - Free Report) closed the most recent trading day at $184.15, moving -5.31% from the previous trading session. This change lagged the S&P 500's 0.77% loss on the day. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
Shares of the gold mining company have depreciated by 5.71% over the course of the past month, outperforming the Basic Materials sector's loss of 9.1%, and lagging the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of Agnico Eagle Mines in its forthcoming earnings report. On that day, Agnico Eagle Mines is projected to report earnings of $2.45 per share, which would represent year-over-year growth of 13.43%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.53 billion, indicating a 15.49% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.46 per share and a revenue of $15.04 billion, representing changes of +38.41% and +26.28%, respectively, from the prior year.
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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.79% lower within the past month. Agnico Eagle Mines is currently a Zacks Rank #3 (Hold).
In terms of valuation, Agnico Eagle Mines is currently trading at a Forward P/E ratio of 16.96. This valuation marks a premium compared to its industry average Forward P/E of 13.07.
Investors should also note that AEM has a PEG ratio of 2.44 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AEM's industry had an average PEG ratio of 0.95 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 17% of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.