Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Agnico Eagle Mines Ltd’s current trading price is -1.87% away from its 52-week high, while its distance from the 52-week low is 76.05%. The stock’s price range during this period has varied between $43.22 and $77.54. The company, active in the Basic Materials sector, saw a trading volume of around 2.49 million for the day, considerably higher average daily volume of 2.16 million observed over the last three months.
Agnico Eagle Mines Ltd’s stock has had a calm market performance. The 1-year high for the company’s stock was $77.54 on 08/01/24, and the lowest price during the same period was recorded at $43.22 on 10/04/23.
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How Financial Performance Impacts Market Capitalization
Agnico Eagle Mines Ltd (AEM) has experienced a quarterly rise of 18.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 37.91B and boasts a workforce of 15875 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 65.78, with a change in price of +21.58. Similarly, Agnico Eagle Mines Ltd recorded 2,656,587 in trading volume during the last 100 days, posting a change of +39.59%.
How AEM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for AEM stands at 0.10. Similarly, the long-term debt-to-equity ratio is also 0.09.
AEM Stock Stochastic Average
As of today, the raw stochastic average of Agnico Eagle Mines Ltd over the past 50 days is 86.68%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 78.43%. Additionally, the Stochastic %K and %D values for the company were 86.61% and 84.00%, respectively, over the past 20 days.
AEM Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 38.72%.However, over the last six months, we can see a weaker performance of 54.78%. Over the last 30 days, the price of AEM has fallen by 15.87%. And in the last five days, it has surged by 4.18%.
