Why Agnico Eagle Mines (AEM) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Agnico Eagle Mines (AEM)
Toronto, Canada-based Agnico Eagle Mines Limited is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. It successfully completed its merger with Kirkland Lake Gold in February 2022.
AEM is a Zacks Rank #2 (Buy) stock, with a Value Style Score of B and VGM Score of A. Shares are currently trading at a forward P/E of 23.4X for the current fiscal year compared to the Mining - Gold industry's P/E of 21.2X. Additionally, AEM has a PEG Ratio of 0.9 and a Price/Cash Flow ratio of 12.7X. Value investors should also note AEM's Price/Sales ratio of 4.7X.
A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for AEM, while the Zacks Consensus Estimate has increased $0.49 to $2.81 per share. AEM also holds an average earnings surprise of 16.5%.
Investors should take the time to consider AEM for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report
