Unlocking the high Growth Potential of NYSE:AEM.

A possible breakout setup was detected on AGNICO EAGLE MINES LTD (NYSE:AEM) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:AEM.

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall AEM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AEM is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, AEM did better than 91% of all other stocks. We also observe that the gains produced by AEM over the past year are nicely spread over this period.
• AEM is part of the Metals & Mining industry. There are 157 other stocks in this industry. AEM outperforms 79% of them.
• AEM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month AEM has a been trading in the 76.70 - 89.00 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of AEM for a complete technical analysis.

How do we evaluate the setup for NYSE:AEM?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NYSE:AEM is 7:

Besides having an excellent technical rating, AEM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 82.33, a Stop Loss order could be placed below this zone.

Why NYSE:AEM may be interesting for high growth investors.

• AGNICO EAGLE MINES LTD has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 159.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 31.25%, AGNICO EAGLE MINES LTD exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• With impressive 1-year revenue growth of 25.0%, AGNICO EAGLE MINES LTD showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• Analysts' average next Quarter EPS Estimate for AGNICO EAGLE MINES LTD has witnessed a 70.34% change in the last 3 months, underscoring the dynamic nature of market sentiment towards the company's EPS prospects.
• The recent financial report of AGNICO EAGLE MINES LTD demonstrates a 159.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of AGNICO EAGLE MINES LTD are accelerating: the current Q2Q growth of 159.0% is above the previous year Q2Q growth of -15.38%. Earnings momentum and acceleration are key for high growth systems.
• AGNICO EAGLE MINES LTD has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• AGNICO EAGLE MINES LTD has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• Maintaining a Debt-to-Equity ratio of 0.06, AGNICO EAGLE MINES LTD demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• The ownership composition of AGNICO EAGLE MINES LTD reflects a balanced investor ecosystem, with institutional shareholders owning 11.04%. This indicates a broader market participation and potential for increased trading liquidity.
• AGNICO EAGLE MINES LTD has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• AGNICO EAGLE MINES LTD has achieved an impressive Relative Strength (RS) rating of 91.24, showcasing its ability to outperform the broader market. This strong performance positions AGNICO EAGLE MINES LTD as an attractive stock for potential price appreciation.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.