Agnico Eagle Mines Stock Today
| AEM Stock | CAD 85.30 2.52 2.87% |
Performance20 of 100
| Odds Of DistressLess than 2
|
Agnico Eagle is selling at 85.30 as of the 23rd of April 2024; that is -2.87% down since the beginning of the trading day. The stock's open price was 87.82. Agnico Eagle has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Agnico Eagle Mines are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company was incorporated in 1953 and is headquartered in Toronto, Canada. AGNICO EAGLE operates under Gold classification in Canada and is traded on Toronto Stock Exchange. The company has 498.27 M outstanding shares of which 3.68 M shares are presently shorted by private and institutional investors with about 2.29 days to cover all short positions. More on Agnico Eagle Mines
Moving together with Agnico Stock
| 0.79 | OSI | Osino Resources Corp | PairCorr |
Moving against Agnico Stock
| 0.59 | DYA | DynaCERT | PairCorr |
| 0.48 | DFR | Diamond Fields Resources | PairCorr |
Agnico Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Agnico Eagle's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Agnico Eagle or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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, 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 |
| President CEO | Ammar MBA | ||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
Agnico Eagle's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Agnico Eagle's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Agnico Eagle's financial leverage. It provides some insight into what part of Agnico Eagle's total assets is financed by creditors.
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Agnico Eagle Mines (AEM) is traded on Toronto Exchange in Canada and employs 41 people. Agnico Eagle is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 43.76 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Agnico Eagle's market, we take the total number of its shares issued and multiply it by Agnico Eagle's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Agnico Eagle Mines operates under Metals & Mining sector and is part of Materials industry. The entity has 498.27 M outstanding shares of which 3.68 M shares are presently shorted by private and institutional investors with about 2.29 days to cover all short positions.
Agnico Eagle Mines has accumulated about 658.62 M in cash with 2.25 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.82.
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Ownership AllocationAgnico Eagle Mines retains a total of 498.27 Million outstanding shares. The majority of Agnico Eagle Mines outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Agnico Eagle Mines to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Agnico Eagle. Please pay attention to any change in the institutional holdings of Agnico Eagle Mines as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Agnico Ownership Details
Agnico Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Agnico Eagle jumping above the current price in 90 days from now is about 5.59%. The Agnico Eagle Mines probability density function shows the probability of Agnico Eagle stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Agnico Eagle has a beta of 0.9273. This suggests Agnico Eagle Mines market returns are highly reactive to returns on the market. As the market goes up or down, Agnico Eagle is expected to follow. Additionally, agnico Eagle Mines has an alpha of 0.3755, implying that it can generate a 0.38 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Agnico Eagle to move above the current price in 90 days from now is about 5.59 (This Agnico Eagle Mines probability density function shows the probability of Agnico Stock to fall within a particular range of prices over 90 days) .
Agnico Eagle Mines Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Agnico Eagle market risk premium is the additional return an investor will receive from holding Agnico Eagle long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Agnico Eagle. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Agnico Eagle's alpha and beta are two of the key measurements used to evaluate Agnico Eagle's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.29 | |||
| Semi Deviation | 1.12 | |||
| Standard Deviation | 1.65 | |||
| Variance | 2.72 |
Agnico Stock Against Markets
Picking the right benchmark for Agnico Eagle stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Agnico Eagle stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Agnico Eagle is critical whether you are bullish or bearish towards Agnico Eagle Mines at a given time. Please also check how Agnico Eagle's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Agnico Eagle without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Agnico Eagle Corporate Directors
Agnico Eagle corporate directors refer to members of an Agnico Eagle board of directors. The board of directors generally takes responsibility for the Agnico Eagle's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Agnico Eagle's board members must vote for the resolution. The Agnico Eagle board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Leanne Baker | Independent Director | Profile | |
| Mel Leiderman | Independent Director | Profile | |
| Pertti Voutilainen | Independent Director | Profile | |
| Deborah McCombe | Independent Director | Profile |
How to buy Agnico Stock?
Before investing in Agnico Eagle, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Agnico Eagle. To buy Agnico Eagle stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Agnico Eagle. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Agnico Eagle stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Agnico Eagle Mines stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Agnico Eagle Mines stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Agnico Eagle Mines, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Agnico Stock please use our How to Invest in Agnico Eagle guide.
Already Invested in Agnico Eagle Mines?
The danger of trading Agnico Eagle Mines is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Agnico Eagle is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Agnico Eagle. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Agnico Eagle Mines is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 board of governors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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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