Agnico Eagle Mines (AEM) Flat As Market Gains: What You Should Know

Company Performance - Agnico Eagle Mines (AEM) stock closed at $64.25, showing no movement from the previous day, while the S&P 500 gained 0.77% [1] - The stock has decreased by 8.36% over the past month, underperforming the Basic Materials sector's loss of 5.19% and the S&P 500's gain of 3.71% [1] - The upcoming earnings report is projected to show an EPS of $0.81, a 24.62% increase year-over-year, with revenue expected at $1.72 billion, reflecting a 0.05% rise from the same quarter last year [1] Annual Forecast - Zacks Consensus Estimates forecast earnings of $3.20 per share and revenue of $7.28 billion for the year, indicating increases of +43.5% and +9.86% respectively compared to the previous year [2] - Recent shifts in analyst projections are important for investors, as positive revisions indicate confidence in the company's performance and profit potential [2] Valuation Metrics - Agnico Eagle Mines has a Forward P/E ratio of 20.1, which is a premium compared to the industry average Forward P/E of 14.73 [3] - The company holds a PEG ratio of 0.7, which is in line with the Mining - Gold industry's average PEG ratio of 0.7 [3] Industry Overview - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 33, placing it in the top 14% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]