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.
You need a brokerage account in order to access the NYSE market and buy AEM stock.
In our opinion, eToro is the best stock brokerage. Here's why:
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountNow that you've chosen your brokerage, you'll need to fill out some personal info so you are able to invest in AEM today.
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.
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.
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.
You can use many financial metrics, analyses, models, and charts to gauge AEM's true value.
Using relative valuations measures:
You can access additional valuation research on AEM's stock here.
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.
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.
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.
Over the last 12 months, insiders at AEM have not bought or sold any shares.
Research more about who owns AEM stock here.
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.
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.
There are two primary options:
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:
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.
To reiterate, here are the 6 steps for buying Agnico Eagle Mines stock:
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.