Is NYSE:AEM a Fit for high Growth Investing Strategies?

Our stock screener has detected a potential breakout setup on AGNICO EAGLE MINES LTD (NYSE:AEM). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:AEM.

In-Depth Technical Analysis of NYSE:AEM

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.

Taking everything into account, AEM scores 10 out of 10 in our technical rating. 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 94% of all other stocks. On top of that, AEM also shows a nice and consistent pattern of rising prices.
• AEM is part of the Metals & Mining industry. There are 150 other stocks in this industry. AEM outperforms 85% 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.
• AEM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
• Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

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

Why is NYSE:AEM a setup?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:AEM this score is currently 8:

AEM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 95.89, 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 demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 121.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• AGNICO EAGLE MINES LTD has experienced 26.59% q2q revenue growth, indicating a significant sales increase.
• AGNICO EAGLE MINES LTD has demonstrated strong 1-year revenue growth of 25.03%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• AGNICO EAGLE MINES LTD has seen a 47.29% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• The recent financial report of AGNICO EAGLE MINES LTD demonstrates a 121.0% 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
• AGNICO EAGLE MINES LTD shows accelerating EPS growth: when comparing the current Q2Q growth of 121.0% to the previous year Q2Q growth of 39.02%, we see the growth rate improving.
• AGNICO EAGLE MINES LTD has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• 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.
• With a current Debt-to-Equity ratio at 0.06, AGNICO EAGLE MINES LTD showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• The ownership composition of AGNICO EAGLE MINES LTD reflects a balanced investor ecosystem, with institutional shareholders owning 70.84%. This indicates a broader market participation and potential for increased trading liquidity.
• AGNICO EAGLE MINES LTD has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• AGNICO EAGLE MINES LTD has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 94.79 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. AGNICO EAGLE MINES LTD is well-positioned for potential price growth opportunities.

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

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.