Agnico Eagle Mines Limited : Big comeback of buyers
Entry price | Target | Stop-loss | Potential |
---|
$72.94 |
$83.71 |
$68 |
+14.77% |
---|
The recent break-out to the upside has created potential for further gains for shares in Agnico Eagle Mines Limited.
Summary● For a short-term investment strategy, the company has poor fundamentals.
Strengths● The company returns high margins, thereby supporting business profitability.
● The company is in a robust financial situation considering its net cash and margin position.
Weaknesses● Technically, the stock approaches a strong medium-term resistance at USD 76.39.
● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
● The company's enterprise value to sales, at 4.76 times its current sales, is high.
● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
● For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
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