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Agnico Eagle Mines (AEM) Stock Moves 1.05%: What You Should Know
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Agnico Eagle Mines (AEM - Free Report) closed the most recent trading day at $56.79, moving +1.05% from the previous trading session. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 1.92%.
Coming into today, shares of the gold mining company had gained 17.72% in the past month. In that same time, the Basic Materials sector gained 2.71%, while the S&P 500 gained 6.51%.
Investors will be hoping for strength from Agnico Eagle Mines as it approaches its next earnings release, which is expected to be April 27, 2023. In that report, analysts expect Agnico Eagle Mines to post earnings of $0.39 per share. This would mark a year-over-year decline of 36.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.3 billion, down 1.91% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $5.96 billion. These totals would mark changes of -22.61% and +3.74%, respectively, from last year.
Any recent changes to analyst estimates for Agnico Eagle Mines should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 1.02% higher. Agnico Eagle Mines currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Agnico Eagle Mines currently has a Forward P/E ratio of 31.61. This represents a premium compared to its industry's average Forward P/E of 20.38.
Investors should also note that AEM has a PEG ratio of 31.61 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Mining - Gold industry currently had an average PEG ratio of 3.59 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 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
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Agnico Eagle Mines (AEM) Stock Moves 1.05%: What You Should Know
Agnico Eagle Mines (AEM - Free Report) closed the most recent trading day at $56.79, moving +1.05% from the previous trading session. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 1.92%.
Coming into today, shares of the gold mining company had gained 17.72% in the past month. In that same time, the Basic Materials sector gained 2.71%, while the S&P 500 gained 6.51%.
Investors will be hoping for strength from Agnico Eagle Mines as it approaches its next earnings release, which is expected to be April 27, 2023. In that report, analysts expect Agnico Eagle Mines to post earnings of $0.39 per share. This would mark a year-over-year decline of 36.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.3 billion, down 1.91% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $5.96 billion. These totals would mark changes of -22.61% and +3.74%, respectively, from last year.
Any recent changes to analyst estimates for Agnico Eagle Mines should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 1.02% higher. Agnico Eagle Mines currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Agnico Eagle Mines currently has a Forward P/E ratio of 31.61. This represents a premium compared to its industry's average Forward P/E of 20.38.
Investors should also note that AEM has a PEG ratio of 31.61 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Mining - Gold industry currently had an average PEG ratio of 3.59 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 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.