Agnico Eagle Mines Limited : The underlying trend is to the upside
09/15/2020 | 09:47am EDT
Entry price :
88.84$ | Target : 110$ | Stop-loss : 78$ | Potential : 23.82%
Agnico Eagle Mines Limited's shares display attractive technical aspects to anticipate a comeback of the underlying trend. Investors have an opportunity to buy the stock and target the $ 110.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria. In a short-term perspective, the company has interesting fundamentals.
The prospective high growth for the next fiscal years is among the main assets of the company Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits. The company is in a robust financial situation considering its net cash and margin position. Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects. Over the past year, analysts have regularly revised upwards their sales forecast for the company. For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock For several months, analysts have been revising their EPS estimates roughly upwards. For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year. Within the weekly time frame the stock shows a bullish technical configuration above the support level at 57.65 USD
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity. 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 54.9 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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3 139 M
Net income 2020
Net Debt 2020
1 148 M
P/E ratio 2020
18 888 M
18 888 M
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Upcoming event on AGNICO EAGLE MINES LIMITED
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