The underlying tendency is to the upside for shares in Agnico Eagle Mines Limited and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated. Investors have an opportunity to buy the stock and target the $ 75.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 39% by 2022.
The company returns high margins, thereby supporting business profitability.
Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
The tendency within the weekly time frame is positive above the technical support level at 49.87 USD
Stock prices approach a strong long-term resistance in weekly data at USD 68.93.
Technically, the stock approaches a strong medium-term resistance at USD 68.93.
Based on current prices, the company has particularly high valuation levels.
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 58.67 times its estimated earnings per share for the ongoing year.
The company is not the most generous with respect to shareholders' compensation.
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