Agnico Eagle Mines Stock Shares Outstanding
| AEM Stock | CAD 87.39 1.31 1.52% |
Agnico Eagle Mines fundamentals help investors to digest information that contributes to Agnico Eagle's financial success or failures. It also enables traders to predict the movement of Agnico Stock. The fundamental analysis module provides a way to measure Agnico Eagle's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Agnico Eagle stock.
As of the 19th of April 2024, Common Stock Shares Outstanding is likely to grow to about 522.2 M. Agnico | Shares Outstanding |
Agnico Eagle Mines Company Shares Outstanding Analysis
Agnico Eagle's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Agnico Eagle Shares Outstanding | 498.27 M |
Most of Agnico Eagle's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Agnico Eagle Mines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Agnico Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for Agnico Eagle is extremely important. It helps to project a fair market value of Agnico Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Agnico Eagle's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Agnico Eagle's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Agnico Eagle's interrelated accounts and indicators.
Click cells to compare fundamentals
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Agnico Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Agnico Eagle Mines has 498.27 M of shares currently outstending. This is 18.89% lower than that of the Metals & Mining sector and 38.33% higher than that of the Materials industry. The shares outstanding for all Canada stocks is 12.86% higher than that of the company.
Agnico Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Agnico Eagle's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Agnico Eagle could also be used in its relative valuation, which is a method of valuing Agnico Eagle by comparing valuation metrics of similar companies.Agnico Eagle is currently under evaluation in shares outstanding category among related companies.
Agnico Eagle Current Valuation Drivers
We derive many important indicators used in calculating different scores of Agnico Eagle from analyzing Agnico Eagle's financial statements. These drivers represent accounts that assess Agnico Eagle's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Agnico Eagle's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 14.6B | 17.0B | 12.8B | 12.7B | 26.8B | 28.1B | |
| Enterprise Value | 16.1B | 18.3B | 14.4B | 13.5B | 28.4B | 29.9B |
Agnico Eagle ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Agnico Eagle's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Agnico Eagle's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Agnico Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0342 | ||||
| Profit Margin | 0.29 % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 45.2 B | ||||
| Shares Outstanding | 498.27 M | ||||
| Shares Owned By Insiders | 0.12 % | ||||
| Shares Owned By Institutions | 71.60 % | ||||
| Number Of Shares Shorted | 4.02 M | ||||
| Price To Earning | 19.73 X | ||||
| Price To Book | 1.59 X | ||||
| Price To Sales | 6.36 X | ||||
| Revenue | 6.63 B | ||||
| Gross Profit | 3.1 B | ||||
| EBITDA | 3.25 B | ||||
| Net Income | 1.94 B | ||||
| Cash And Equivalents | 658.62 M | ||||
| Cash Per Share | 1.82 X | ||||
| Total Debt | 100 M | ||||
| Debt To Equity | 0.09 % | ||||
| Current Ratio | 2.17 X | ||||
| Book Value Per Share | 39.06 X | ||||
| Cash Flow From Operations | 2.25 B | ||||
| Short Ratio | 2.12 X | ||||
| Earnings Per Share | 5.45 X | ||||
| Price To Earnings To Growth | 28.26 X | ||||
| Target Price | 92.23 | ||||
| Beta | 1.07 | ||||
| Market Capitalization | 43.54 B | ||||
| Total Asset | 28.68 B | ||||
| Retained Earnings | 963.17 M | ||||
| Working Capital | 1.14 B | ||||
| Current Asset | 829.42 M | ||||
| Current Liabilities | 311.52 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 1.57 % | ||||
| Net Asset | 28.68 B | ||||
| Last Dividend Paid | 1.6 |
About Agnico Eagle Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Agnico Eagle Mines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Agnico Eagle using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Agnico Eagle Mines based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Agnico Eagle
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agnico Eagle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.Moving together with Agnico Stock
| 0.85 | RY-PS | Royal Bank | PairCorr |
| 0.83 | RY | Royal Bank | PairCorr |
| 0.96 | RY-PM | Royal Bank | PairCorr |
| 0.9 | TD-PFL | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agnico Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agnico Eagle Mines to buy it.
The correlation of Agnico Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agnico Eagle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Agnico Stock analysis
When running Agnico Eagle's price analysis, check to measure Agnico Eagle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agnico Eagle is operating at the current time. Most of Agnico Eagle's value examination focuses on studying past and present price action to predict the probability of Agnico Eagle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agnico Eagle's price. Additionally, you may evaluate how the addition of Agnico Eagle to your portfolios can decrease your overall portfolio volatility.
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