AGNICO EAGLE MINES L

AEM
Real-time Estimate Quote. Real-time Estimate  - 09/24 04:02:38 pm
79USD +5.74%

Agnico Eagle Mines Limited : The underlying trend is to the upside

Jordan Dufee
Analyst

Strategy published on : 09/15/2020 | 09:47

long trade
Stop-loss triggered

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.

Summary

● 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.


Strengths

● 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


Weaknesses

● 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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