How to Buy Agnico Eagle Mines Stock
Agnico Eagle Mines Ltd
Agnico Eagle Mines is a gold company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker AEM on the NYSE exchange.
Agnico Eagle Mines stock last closed at $50.87, up 0.06% from the previous day, and has decreased 18.57% in one year. It has underperformed other stocks in the Gold industry by 0.02 percentage points. Agnico Eagle Mines stock is currently +38.67% from its 52-week low of $36.69, and -24.23% from its 52-week high of $67.14.
As of Mar 20, 2023, there are 456.47M AEM shares outstanding. The market capitalization of AEM is $23.22B. In the past 24 hours, 3.98M AEM shares were traded.
How to Buy Agnico Eagle Mines Stock
Wondering how to invest in Agnico Eagle Mines stock? Here's how.
- Choose where to buy Agnico Eagle Mines stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Agnico Eagle Mines stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your payment method and add your info.
- Research Agnico Eagle Mines stock: The Agnico Eagle Mines ticker symbol is AEM. Is Agnico Eagle Mines stock a good investment? Should you buy shares of AEM? How do AEM's underlying business fundamentals look? Do top analysts think Agnico Eagle Mines is a good buy? Why has AEM's stock price moved recently? (Hint: Our stock research tools can help you figure out if AEM is a good stock to buy).
- Place your AEM buy order: Decide if you will purchase AEM shares at the current market price or use a limit order to purchase AEM stock at a particular price.
- Get notifications regarding your AEM investment: Create a watchlist to monitor your new investment in Agnico Eagle Mines stock.
Step 1: Choose where to buy Agnico Eagle Mines stock
You need a brokerage account in order to access the NYSE market and buy AEM stock.
Our favorite brokerage: eToro
In our opinion, eToro is the best stock brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to world markets: From Technology to Financial Services, New York to London — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to invest in AEM today.
How to Open a New Account on eToro
- Click here to get started.
- Input your personal data to open a new trading account.
- Send your info by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've finished signing up on app for stock, you can securely and quickly fund your account:
Check out this video walkthrough for more details depositing money into your new investment account.
Step 4: Research Agnico Eagle Mines stock
After you have selected the best place to buy Agnico Eagle Mines stock, it's very important to evaluate their stock before you buy, so you truly wrap your head around the risk and opportunity.
Agnico Eagle Mines quick stats
Agnico Eagle Mines Zen Score
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on AEM's stock page.
Is AEM stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge AEM's true value.
Using relative valuations measures:
- AEM may be overvalued based on its P/E ratio of 33.25x, relative to Gold industry P/E ratio of 12.57x
- AEM may be undervalued based on its P/B ratio of 1.43x, relative to Gold industry P/B ratio of 1.75x
- AEM could be undervalued based on its PEG ratio of 0.86x
You can access additional valuation research on AEM's stock here.
AEM Financials at a glance
Passed Financial Due Diligence Checks:
- Total AEM debt is lower than 5 years ago, relative to shareholder equity.
- AEM's operating cash flow of $2.10B allows it to safely service it's debt of $1.49B.
- AEM earnings of $1.20B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the AEM balance sheet.
Failed Financial Due Diligence Checks:
- AEM profit margin has gone down from 14.5% to 11.7% in the past year.
- AEM has a relatively high debt to equity ratio of 0.45.
- There are more long-term liabilities than short-term assets on the AEM balance sheet.
Is it a good time to buy AEM stock, according to Wall Street analysts?
Out of 2 Equities analysts who research AEM, the consensus analyst rating on Agnico Eagle Mines is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent AEM Analyst Recommendations
Matthew Murphy, a top 19% analyst from Barclays maintains AEM with a strong buy rating and raises their AEM price target from $63.00 to $65.00, on Jan 30, 2023.
Murphy bumped up his price target on Agnico Eagle Mines Ltd by 3.2%.
Although economic growth continues to be "better than expected," gold is a good hedge against future deterioration, the analyst told investors.
A soft landing is possible, but monetary tightening "is not done yet," Murphy cautioned, concluding that "gold will be better choices than copper stocks**."
** Copper is considered "a barometer of the overall global economic strength. In recent years, copper's role in growing electric vehicle production has further boosted demand, when demand for copper increases, it typically indicates a growing economy." [from here and here] Therefore, the analyst is implying that the economy will deteriorate further rather than recover in the short term.
Alexander Hacking, a top 12% analyst from Citigroup upgrades AEM to a strong buy rating and announces their AEM price target of $50.00, on Sep 30, 2022.
You can dig deeper into what analysts are forecasting on the Agnico Eagle Mines stock forecast page.
AEM Trading Indicators
AEM Growth Numbers
Last year, AEM earnings were $670.25M. During the last five year, AEM's earnings have gone up by 7.82% per year. This was slower than the Gold industry average of 13.95%.
Last year, AEM revenue was $5.74B. During the last 5 year, AEM's revenue has grown by 20.68% per year. This was slower than the Gold industry average of 40.2%.
Find out more about AEM's earnings and revenue performance here.
Who is buying/selling AEM?
Over the last 12 months, insiders at AEM have not bought or sold any shares.
Research more about who owns AEM stock here.
Does AEM provide a stable income stream?
Agnico Eagle Mines pays a dividend of 3.15%, compared to the Gold industry's average dividend yield of 2.43%. If you owned $1,000 of AEM stock, you would have received $31.45 in the past year.
Agnico Eagle Mines dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Agnico Eagle Mines dividend yield and history here.
What others are saying about AEM
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your AEM buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need more help buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your AEM investment
Now that you own some AEM shares, you'll want to keep up with your shares.
Start a watchlist to get alerted to the latest events about your AEM stock.
AEM Feed
How to Buy Stock in Agnico Eagle Mines
To reiterate, here are the 6 steps for buying Agnico Eagle Mines stock:
- Choose where to buy Agnico Eagle Mines stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Agnico Eagle Mines stock
- Place your AEM buy order
- Get notifications regarding your AEM investment
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Agnico Eagle Mines, add AEM to your watchlist below.
Related "How To" Guides
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.