Agnico Average Assets vs Average Equity Analysis

AEM Stock  USD 57.85  1.79  3.19%   
Trend analysis of Agnico Eagle Mines balance sheet accounts such as Total Assets of 30 B, Other Current Liabilities of 524.9 M or Total Current Liabilities of 1.1 B provides information on Agnico Eagle's total assets, liabilities, and equity, which is the actual value of Agnico Eagle Mines to its prevalent stockholders. By breaking down trends over time using Agnico Eagle balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
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 income.

About Agnico Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Agnico Eagle Mines at a specified time, usually calculated after every quarter, six months, or one year. Agnico Eagle Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Agnico Eagle and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Agnico currently owns. An asset can also be divided into two categories, current and non-current.

Agnico Eagle Balance Sheet Chart

Agnico Eagle Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Agnico Eagle Mines uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Agnico Eagle's Retained Earnings are very stable compared to the past year. As of the 28th of March 2024, Non Current Assets Total is likely to grow to about 27.7 B, while Accounts Payable is likely to drop about 165.9 M.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of Agnico Eagle assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Agnico Eagle Mines books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Agnico Eagle balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Agnico Eagle Mines are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Agnico Eagle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agnico Eagle Mines current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 income.
As of the 28th of March 2024, Selling General Administrative is likely to grow to about 198.5 M, while Tax Provision is likely to drop about 255.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.3B2.0B2.0B2.1B
Total Revenue3.8B5.7B6.7B7.1B

Agnico Eagle fundamental ratios Correlations

0.90.840.850.88-0.090.790.630.260.20.90.880.790.18-0.270.930.69-0.220.930.860.880.840.370.410.840.88
0.90.850.921.00.160.620.710.430.291.00.970.880.22-0.450.990.7-0.240.990.990.940.710.370.440.731.0
0.840.850.690.86-0.270.430.850.020.150.850.820.650.12-0.30.830.44-0.20.820.820.750.50.190.070.490.83
0.850.920.690.90.290.740.580.580.310.910.930.930.24-0.440.930.73-0.260.940.920.910.830.680.590.820.9
0.881.00.860.90.150.580.730.420.31.00.960.870.22-0.450.990.69-0.230.980.990.930.680.350.420.71.0
-0.090.16-0.270.290.150.05-0.350.90.60.140.090.250.53-0.080.140.37-0.060.160.180.330.230.230.190.320.19
0.790.620.430.740.580.050.230.37-0.010.610.670.68-0.01-0.230.690.63-0.210.70.590.630.940.550.610.860.59
0.630.710.850.580.73-0.350.23-0.1-0.110.720.770.67-0.2-0.480.680.32-0.020.680.740.530.230.160.160.190.68
0.260.430.020.580.420.90.37-0.10.640.420.410.560.54-0.190.440.61-0.10.460.460.60.540.40.340.610.45
0.20.290.150.310.30.6-0.01-0.110.640.270.180.20.980.220.280.3-0.120.290.250.550.310.09-0.130.460.32
0.91.00.850.911.00.140.610.720.420.270.970.880.2-0.460.990.69-0.240.990.990.930.70.370.450.711.0
0.880.970.820.930.960.090.670.770.410.180.970.960.09-0.570.970.65-0.270.970.980.880.730.440.520.710.95
0.790.880.650.930.870.250.680.670.560.20.880.960.09-0.60.90.68-0.220.910.920.840.740.50.570.720.86
0.180.220.120.240.220.53-0.01-0.20.540.980.20.090.090.330.210.21-0.170.210.160.490.30.09-0.190.440.25
-0.27-0.45-0.3-0.44-0.45-0.08-0.23-0.48-0.190.22-0.46-0.57-0.60.33-0.450.010.58-0.45-0.51-0.26-0.17-0.16-0.46-0.15-0.44
0.930.990.830.930.990.140.690.680.440.280.990.970.90.21-0.450.71-0.261.00.980.940.780.380.480.780.99
0.690.70.440.730.690.370.630.320.610.30.690.650.680.210.010.710.330.720.690.760.690.360.40.730.7
-0.22-0.24-0.2-0.26-0.23-0.06-0.21-0.02-0.1-0.12-0.24-0.27-0.22-0.170.58-0.260.33-0.26-0.23-0.21-0.26-0.21-0.16-0.27-0.24
0.930.990.820.940.980.160.70.680.460.290.990.970.910.21-0.451.00.72-0.260.980.940.790.420.490.790.99
0.860.990.820.920.990.180.590.740.460.250.990.980.920.16-0.510.980.69-0.230.980.910.670.40.440.680.98
0.880.940.750.910.930.330.630.530.60.550.930.880.840.49-0.260.940.76-0.210.940.910.80.410.340.850.94
0.840.710.50.830.680.230.940.230.540.310.70.730.740.3-0.170.780.69-0.260.790.670.80.550.550.960.7
0.370.370.190.680.350.230.550.160.40.090.370.440.50.09-0.160.380.36-0.210.420.40.410.550.580.490.35
0.410.440.070.590.420.190.610.160.34-0.130.450.520.57-0.19-0.460.480.4-0.160.490.440.340.550.580.460.43
0.840.730.490.820.70.320.860.190.610.460.710.710.720.44-0.150.780.73-0.270.790.680.850.960.490.460.72
0.881.00.830.91.00.190.590.680.450.321.00.950.860.25-0.440.990.7-0.240.990.980.940.70.350.430.72
Click cells to compare fundamentals

Agnico Eagle Account Relationship Matchups

Agnico Eagle fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding233.3M238.2M243.1M244.7M489.9M514.4M
Total Assets8.8B9.6B10.2B23.5B28.5B30.0B
Other Current Liab55.4M904K22.1M137.5M500.0M524.9M
Total Current Liabilities775.6M515.7M761.8M946.4M1.0B1.1B
Total Stockholder Equity5.1B5.7B6.0B16.2B19.3B20.3B
Property Plant And Equipment Net7.0B7.3B7.6B18.5B1.2B1.1B
Net Debt1.5B1.3B1.5B834.8M1.7B1.7B
Retained Earnings(647.3M)(366.4M)(165.3M)(201.6M)958.2M1.0B
Accounts Payable345.6M363.8M414.7M672.5M316.3M165.9M
Cash321.9M402.5M185.8M658.6M336.9M220.5M
Non Current Assets Total7.6B8.4B8.9B21.3B26.4B27.7B
Non Currrent Assets Other184.9M259.3M353.2M466.9M690.6M725.2M
Other Assets189.9M352.0M486.8M478.5M550.3M577.8M
Cash And Short Term Investments414.2M406.5M191.1M658.6M347.1M267.9M
Short Term Investments92.3M3.9M5.3M9.9M10.1M9.6M
Liabilities And Stockholders Equity8.8B9.6B10.2B23.5B28.5B30.0B
Non Current Liabilities Total2.9B3.4B3.4B6.3B8.2B8.6B
Other Current Assets179.2M159.2M198.8M260.0M237.2M249.1M
Other Stockholder Equity217.4M212.9M228.4M220.7M22.0M20.9M
Total Liab3.7B3.9B4.2B7.3B9.2B9.7B
Property Plant And Equipment Gross7.0B7.3B14.1B26.1B30.0B31.5B
Total Current Assets1.2B1.2B1.3B2.2B2.2B2.3B
Accumulated Other Comprehensive Income(47.9M)85.3M54.3M(29.0M)102.3M107.4M
Short Long Term Debt Total1.8B1.7B1.7B1.5B2.0B2.1B
Short Term Debt374.7M20.9M258.0M136.5M145.6M152.9M
Common Stock Total Equity5.3B5.4B5.6B5.8B6.6B6.9B
Common Stock5.6B5.8B5.9B16.3B18.2B19.2B
Net Receivables10.6M15.5M21.2M43.6M184.0M193.2M
Inventory580.1M630.5M878.9M1.2B1.4B1.5B
Other Liab1.4B1.8B2.0B5.0B5.7B6.0B
Long Term Debt1.4B1.6B1.3B1.2B1.4B907.6M
Property Plant Equipment7.0B7.3B7.6B18.5B21.2B22.3B
Net Tangible Assets4.1B4.7B5.3B5.6B6.4B4.6B
Long Term Debt Total1.5B1.7B1.4B1.4B1.6B1.5B

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

  0.76AA Alcoa Corp Fiscal Quarter End 31st of March 2024 PairCorr

Moving against Agnico Stock

  0.56NC NACCO IndustriesPairCorr
  0.51EU EnCore Energy Corp Report 26th of April 2024 PairCorr
  0.43X United States Steel Financial Report 25th of April 2024 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.
Pair CorrelationCorrelation Matching
When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:
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 income.
Note that the Agnico Eagle Mines information on this page should be used as a complementary analysis to other Agnico Eagle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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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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Is Agnico Eagle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agnico Eagle. If investors know Agnico will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agnico Eagle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.431
Dividend Share
1.6
Earnings Share
3.95
Revenue Per Share
13.56
Quarterly Revenue Growth
0.269
The market value of Agnico Eagle Mines is measured differently than its book value, which is the value of Agnico that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico Eagle's value that differs from its market value or its book value, called intrinsic value, which is Agnico Eagle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agnico Eagle's market value can be influenced by many factors that don't directly affect Agnico Eagle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.