Agnico Eagle Mines (AEM) Outperforms Broader Market: What You Need to Know

Company Performance - Agnico Eagle Mines (AEM) closed at $98.96, with a daily increase of +0.37%, outperforming the S&P 500's gain of 0.36% [1] - Over the last month, AEM shares have increased by 18.28%, significantly surpassing the Basic Materials sector's gain of 7.62% and the S&P 500's gain of 2.11% [1] Earnings Forecast - The company is expected to release its earnings on February 13, 2025, with projected earnings of $1.17 per share, indicating a year-over-year growth of 105.26% [2] - Quarterly revenue is anticipated to be $2.1 billion, reflecting a 19.39% increase from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for AEM suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which considers these estimate changes, indicates a current rank of 3 (Hold) for AEM [5] Valuation Metrics - AEM is currently trading at a Forward P/E ratio of 20.78, which is higher than the industry average of 11.41, suggesting a premium valuation [6] - The company has a PEG ratio of 0.66, aligning with the average PEG ratio of the Mining - Gold industry [7] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [8]