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MarketScreener Homepage  >  Equities  >  Nyse  >  Agnico Eagle Mines Limited    AEM   CA0084741085

AGNICO EAGLE MINES LIMITED

(AEM)
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Agnico Eagle Mines Limited : Towards the breakout of a major resistance level

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01/30/2020 | 09:21am EDT
long trade
Stop-loss triggered
Entry price : 60.92$ | Target : 69.7$ | Stop-loss : 57.4$ | Potential : 14.41%
Agnico Eagle Mines Limited shares are closing in on important technical levels. The technical chart pattern suggests that the currently tested resistance will be broken and new upside potential arises while volatility is likely to increase. Investors could get ahead of this signal in order to benefit from a better risk/reward ratio.
Investors have an opportunity to buy the stock and target the $ 69.7.
Agnico Eagle Mines Limited : Agnico Eagle Mines Limited : Towards the breakout of a major resistance level
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The tendency within the weekly time frame is positive above the technical support level at 50.83 USD

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at USD 62.59.
  • The stock is close to a major daily resistance at USD 64.15, which should be gotten rid of so as to gain new appreciation potential.
  • The company's "enterprise value to sales" ratio is among the highest in the world.
  • With an expected P/E ratio at 65.85 and 31.54 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
  • The company is not the most generous with respect to shareholders' compensation.
Stocks mentioned in the article
ChangeLast1st jan.
AGNICO EAGLE MINES LIMITED -2.30% 62.83 Delayed Quote.1.98%
AMP LIMITED -2.41% 1.825 End-of-day quote.-4.70%
BYD COMPANY LIMITED 13.55% 67.9 End-of-day quote.74.77%
GOLD -0.08% 1774.31 Delayed Quote.17.04%
RISE, INC. 6.90% 31 End-of-day quote.3.33%
WORLD CO., LTD. -1.19% 1496 End-of-day quote.-44.41%

David Meurisse
© MarketScreener.com 2020
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2020 2 911 M - -
Net income 2020 254 M - -
Net Debt 2020 1 053 M - -
P/E ratio 2020 59,4x
Yield 2020 1,28%
Capitalization 15 114 M 15 114 M -
EV / Sales 2019
EV / Sales 2020 5,55x
Nbr of Employees 6 193
Free-Float 99,5%
Upcoming event on AGNICO EAGLE MINES LIMITED
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 65,18 $
Last Close Price 62,83 $
Spread / Highest target 21,0%
Spread / Average Target 3,74%
Spread / Lowest Target -25,2%
EPS Revisions
Managers
NameTitle
Sean Boyd Vice Chairman & Chief Executive Officer
Ammar Al-Joundi President
James D. Nasso Chairman
Yvon Sylvestre Senior VP-Operations Canada & Europe
David Smith Chief Financial Officer & Senior VP-Finance
Sector and Competitors
1st jan.Capitalization (M$)
AGNICO EAGLE MINES LIMITED1.98%15 114
NEWMONT CORPORATION40.30%48 926
BARRICK GOLD CORPORATION47.39%46 569
POLYUS72.59%22 963
WHEATON PRECIOUS METALS CORP.51.29%19 311
NEWCREST MINING LIMITED8.20%18 541