Agnico Eagle Mines (AEM) Stock Sinks As Market Gains: Here's Why

Company Performance - Agnico Eagle Mines (AEM) closed at $104.34, reflecting a -1.02% change from the previous day, underperforming the S&P 500's daily gain of 0.08% [1] - The stock has increased by 7.52% over the past month, contrasting with the Basic Materials sector's decline of 1.45% and the S&P 500's drop of 7.33% [1] Upcoming Earnings - The company is expected to report an EPS of$ 1.02, representing a 34.21% increase from the same quarter last year [2] - Revenue is forecasted to be $2.24 billion, indicating a 22.4% rise compared to the year-ago quarter [2] Full Year Estimates - For the full year, earnings are projected at$ 4.53 per share and revenue at $9.17 billion, showing increases of +7.09% and +10.65% respectively from the previous year [3] Analyst Estimates - Recent modifications to analyst estimates reflect near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which assesses estimate changes, provides actionable ratings for investors [5] Zacks Rank and Valuation - Agnico Eagle Mines currently holds a Zacks Rank of 3 (Hold), with a recent downward shift of 2.32% in the EPS estimate [6] - The company's Forward P/E ratio is 23.29, which is a premium compared to the industry's Forward P/E of 13.95 [7] - The PEG ratio stands at 0.74, while the Mining - Gold industry has an average PEG ratio of 1.01 [7] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and has a Zacks Industry Rank of 143, placing it in the bottom 44% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]