Why NYSE:AEM is Poised for High Growth.

AGNICO EAGLE MINES LTD (NYSE:AEM) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:AEM.

Analyzing the Technical Aspects

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

We assign a technical rating of 7 out of 10 to AEM. In the last year, AEM was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, AEM did better than 83% of all other stocks.
• AEM is one of the better performing stocks in the Metals & Mining industry, it outperforms 77% of 157 stocks in the same industry.
• AEM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AEM is lagging the market slightly.
• In the last month AEM has a been trading in the 75.17 - 87.73 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of AEM contains the most current technical analsysis.

How does the Setup look for NYSE:AEM

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:AEM has a 7 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, AEM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 83.54, a Stop Loss order could be placed below this zone.

Some of the high growth metrics of NYSE:AEM highlighted

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), AGNICO EAGLE MINES LTD highlights its ability to generate increasing profitability, showcasing a 159.0% growth.
• With impressive quarter-to-quarter (Q2Q) revenue growth of 31.25%, AGNICO EAGLE MINES LTD showcases its ability to generate increased sales and revenue. This growth indicates the company's strong customer demand and its effective business strategies.
• The 1-year revenue growth of AGNICO EAGLE MINES LTD (25.0%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• The average next Quarter EPS Estimate by analysts was adjusted by 38.43%, reflecting the evolving market expectations for the company's EPS growth.
• In the most recent financial report, AGNICO EAGLE MINES LTD reported a 159.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an 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.
• The operating margin of AGNICO EAGLE MINES LTD has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• 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.
• AGNICO EAGLE MINES LTD exhibits a favorable ownership structure, with an institutional shareholder ownership of 60.13%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• 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.
• The Relative Strength (RS) of AGNICO EAGLE MINES LTD has consistently been strong, with a current 83.04 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. AGNICO EAGLE MINES LTD demonstrates promising potential for sustained price momentum.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Disclaimer

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.