In the latest trading session, Agnico Eagle Mines (AEM) closed at $127.20, marking a -1.1% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.78%. Elsewhere, the Dow gained 1.14%, while the tech-heavy Nasdaq added 0.61%.
Shares of the gold mining company witnessed a gain of 6.75% over the previous month, beating the performance of the Basic Materials sector with its gain of 6.63%, and the S&P 500's gain of 5.88%.
Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company plans to announce its earnings on July 30, 2025. In that report, analysts expect Agnico Eagle Mines to post earnings of $1.67 per share. This would mark year-over-year growth of 56.07%. Alongside, our most recent consensus estimate is anticipating revenue of $2.55 billion, indicating a 22.94% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.57 per share and revenue of $10.5 billion, indicating changes of +55.32% and +26.71%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Agnico Eagle Mines. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, there's been a 5.88% rise in the Zacks Consensus EPS estimate. Agnico Eagle Mines is currently a Zacks Rank #1 (Strong Buy).
In the context of valuation, Agnico Eagle Mines is at present trading with a Forward P/E ratio of 19.58. This signifies a premium in comparison to the average Forward P/E of 12.14 for its industry.
Meanwhile, AEM's PEG ratio is currently 0.94. 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 was holding an average PEG ratio of 0.57 at yesterday's closing price.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 12, placing it within the top 5% of over 250 industries.
The Zacks Industry Rank is ordered 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Agnico Eagle Mines Limited (AEM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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