Agnico Eagle Mines (AEM) Declines More Than Market: Some Information for Investors

Company Performance - Agnico Eagle Mines (AEM) closed at $122.65, reflecting a -1.02% change from the previous day, underperforming the S&P 500's daily loss of 0.03% [1] - Over the last month, AEM's shares increased by 10.07%, outperforming the Basic Materials sector's gain of 3.05% and the S&P 500's gain of 0.6% [1] Earnings Forecast - The upcoming earnings release is anticipated, with an expected EPS of $1.45, indicating a 35.51% growth compared to the same quarter last year [2] - Revenue is projected at $2.55 billion, reflecting a 22.94% increase from the equivalent quarter last year [2] Annual Estimates - For the annual period, earnings are estimated at $6.03 per share and revenue at $10.19 billion, representing increases of +42.55% and +23% respectively from the previous year [3] Analyst Revisions - Recent revisions to analyst forecasts are important, as positive revisions indicate analysts' confidence in the company's performance and profit potential [4] Stock Performance Correlation - Empirical research shows a direct correlation between estimate revisions and stock price performance, with the Zacks Rank system designed to capitalize on this phenomenon [5] Zacks Rank - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with AEM currently holding a Zacks Rank of 3 (Hold) [6] Valuation Metrics - AEM has a Forward P/E ratio of 20.56, which is a premium compared to the industry average of 13.44 [7] - The PEG ratio for AEM is currently 1.08, while the industry average PEG ratio is 0.65 [7] Industry Ranking - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 51, placing it in the top 21% of all industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]