Agnico Eagle Mines Stock Probability of Future Stock Price Finishing Under 116.98

AEM Stock  CAD 123.76  4.22  3.53%   
Agnico Eagle's future price is the expected price of Agnico Eagle instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Agnico Eagle Mines performance during a given time horizon utilizing its historical volatility. Check out Agnico Eagle Backtesting, Agnico Eagle Valuation, Agnico Eagle Correlation, Agnico Eagle Hype Analysis, Agnico Eagle Volatility, Agnico Eagle History as well as Agnico Eagle Performance.
  
At this time, Agnico Eagle's Price To Sales Ratio is very stable compared to the past year. As of the 12th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.09, while Price Earnings Ratio is likely to drop 13.12. Please specify Agnico Eagle's target price for which you would like Agnico Eagle odds to be computed.

Agnico Eagle Target Price Odds to finish below 116.98

The tendency of Agnico Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to C$ 116.98  or more in 90 days
 123.76 90 days 116.98 
about 69.59
Based on a normal probability distribution, the odds of Agnico Eagle to drop to C$ 116.98  or more in 90 days from now is about 69.59 (This Agnico Eagle Mines probability density function shows the probability of Agnico Stock to fall within a particular range of prices over 90 days) . Probability of Agnico Eagle Mines price to stay between C$ 116.98  and its current price of C$123.76 at the end of the 90-day period is about 26.87 .
Assuming the 90 days trading horizon Agnico Eagle has a beta of 0.18. This suggests as returns on the market go up, Agnico Eagle average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Agnico Eagle Mines will be expected to be much smaller as well. Additionally Agnico Eagle Mines has an alpha of 0.2087, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Agnico Eagle Price Density   
       Price  

Predictive Modules for Agnico Eagle

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Agnico Eagle Mines. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
121.59123.50125.41
Details
Intrinsic
Valuation
LowRealHigh
105.76107.67136.14
Details
Naive
Forecast
LowNextHigh
122.95124.86126.77
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.981.041.09
Details

Agnico Eagle Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Agnico Eagle is not an exception. The market had few large corrections towards the Agnico Eagle's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Agnico Eagle Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Agnico Eagle within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.21
β
Beta against Dow Jones0.18
σ
Overall volatility
5.14
Ir
Information ratio 0.06

Agnico Eagle Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Agnico Eagle for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Agnico Eagle Mines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Agnico Eagle Mines is unlikely to experience financial distress in the next 2 years
About 71.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: 84,570 Shares in Agnico Eagle Mines Limited Purchased by Chiron Investment Management LLC - MarketBeat

Agnico Eagle Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Agnico Stock often depends not only on the future outlook of the current and potential Agnico Eagle's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Agnico Eagle's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding489.9 M
Cash And Short Term Investments348.8 M

Agnico Eagle Technical Analysis

Agnico Eagle's future price can be derived by breaking down and analyzing its technical indicators over time. Agnico Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Agnico Eagle Mines. In general, you should focus on analyzing Agnico Stock price patterns and their correlations with different microeconomic environments and drivers.

Agnico Eagle Predictive Forecast Models

Agnico Eagle's time-series forecasting models is one of many Agnico Eagle's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Agnico Eagle's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Agnico Eagle Mines

Checking the ongoing alerts about Agnico Eagle for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Agnico Eagle Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Agnico Eagle Mines is unlikely to experience financial distress in the next 2 years
About 71.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: 84,570 Shares in Agnico Eagle Mines Limited Purchased by Chiron Investment Management LLC - MarketBeat
When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:
Check out Agnico Eagle Backtesting, Agnico Eagle Valuation, Agnico Eagle Correlation, Agnico Eagle Hype Analysis, Agnico Eagle Volatility, Agnico Eagle History as well as Agnico Eagle Performance.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.