Agnico Common Stock Total Equity vs Net Debt Analysis

AEM Stock

CAD 119.54 0.31 0.26%

Agnico Eagle financial indicator trend analysis is way more than just evaluating Agnico Eagle Mines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Agnico Eagle Mines is a good investment. Please check the relationship between Agnico Eagle Common Stock Total Equity and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Common Stock Total Equity vs Net Debt

Common Stock Total Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Agnico Eagle Mines Common Stock Total Equity account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Agnico Eagle's Common Stock Total Equity and Net Debt is 0.67. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Agnico Eagle Mines, assuming nothing else is changed. The correlation between historical values of Agnico Eagle's Common Stock Total Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Agnico Eagle Mines are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Total Equity i.e., Agnico Eagle's Common Stock Total Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Agnico Eagle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Agnico Eagle Mines current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Agnico Eagle's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Tax Provision is likely to drop about 254.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	2.0B	2.2B	2.3B
Total Revenue	3.8B	5.7B	6.6B	7.0B

Gross Profit Total Revenue

Agnico Eagle fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Long Term Debt Total	Inventory	Common Stock Total Equity
Common Stock Shares Outstanding		0.9	0.83	0.85	0.89	0.89	0.8	0.79	0.63	0.93	0.21	0.9	0.9	0.76	0.18	-0.27	0.93	0.95	0.06	0.93	0.87	0.88	0.37	0.84	0.9	0.52
Total Assets	0.9		0.97	0.92	1.0	1.0	0.96	0.62	0.72	0.97	0.29	1.0	0.97	0.85	0.22	-0.45	0.99	0.96	-0.02	0.99	0.99	0.94	0.37	0.72	0.98	0.42
Other Current Liab	0.83	0.97		0.94	0.97	0.98	0.93	0.6	0.64	0.96	0.38	0.97	0.93	0.88	0.28	-0.47	0.96	0.93	-0.04	0.97	0.97	0.95	0.42	0.72	0.98	0.49
Total Current Liabilities	0.85	0.92	0.94		0.9	0.92	0.87	0.74	0.58	0.95	0.31	0.91	0.92	0.92	0.24	-0.44	0.93	0.91	-0.05	0.94	0.92	0.91	0.68	0.83	0.96	0.57
Total Stockholder Equity	0.89	1.0	0.97	0.9		1.0	0.96	0.58	0.73	0.95	0.3	1.0	0.96	0.83	0.22	-0.45	0.99	0.95	-0.03	0.98	0.99	0.93	0.34	0.68	0.97	0.39
Property Plant And Equipment Net	0.89	1.0	0.98	0.92	1.0		0.96	0.62	0.7	0.96	0.3	1.0	0.96	0.85	0.22	-0.46	0.99	0.96	-0.01	0.99	0.99	0.94	0.37	0.72	0.98	0.43
Current Deferred Revenue	0.8	0.96	0.93	0.87	0.96	0.96		0.53	0.72	0.89	0.17	0.96	0.94	0.8	0.08	-0.54	0.94	0.89	-0.03	0.94	0.96	0.83	0.39	0.6	0.92	0.29
Net Debt	0.79	0.62	0.6	0.74	0.58	0.62	0.53		0.24	0.75	-0.01	0.62	0.67	0.68	-0.01	-0.23	0.69	0.74	0.18	0.71	0.6	0.63	0.54	0.94	0.7	0.67
Retained Earnings	0.63	0.72	0.64	0.58	0.73	0.7	0.72	0.24		0.62	-0.11	0.73	0.79	0.64	-0.2	-0.48	0.68	0.72	-0.23	0.68	0.76	0.54	0.16	0.24	0.67	-0.14
Accounts Payable	0.93	0.97	0.96	0.95	0.95	0.96	0.89	0.75	0.62		0.33	0.96	0.95	0.89	0.26	-0.39	0.98	0.96	-0.03	0.98	0.95	0.95	0.43	0.84	0.98	0.57
Cash	0.21	0.29	0.38	0.31	0.3	0.3	0.17	-0.01	-0.11	0.33		0.27	0.15	0.17	0.98	0.22	0.28	0.16	-0.08	0.29	0.22	0.55	0.08	0.31	0.29	0.56
Non Current Assets Total	0.9	1.0	0.97	0.91	1.0	1.0	0.96	0.62	0.73	0.96	0.27		0.97	0.85	0.2	-0.46	0.99	0.96	-0.03	0.99	0.99	0.93	0.36	0.71	0.98	0.4
Non Currrent Assets Other	0.9	0.97	0.93	0.92	0.96	0.96	0.94	0.67	0.79	0.95	0.15	0.97		0.91	0.07	-0.55	0.97	0.96	-0.05	0.97	0.98	0.87	0.42	0.72	0.97	0.37
Other Assets	0.76	0.85	0.88	0.92	0.83	0.85	0.8	0.68	0.64	0.89	0.17	0.85	0.91		0.07	-0.6	0.86	0.86	-0.05	0.88	0.89	0.81	0.55	0.73	0.92	0.48
Cash And Short Term Investments	0.18	0.22	0.28	0.24	0.22	0.22	0.08	-0.01	-0.2	0.26	0.98	0.2	0.07	0.07		0.33	0.21	0.09	-0.01	0.21	0.14	0.49	0.08	0.3	0.21	0.54
Short Term Investments	-0.27	-0.45	-0.47	-0.44	-0.45	-0.46	-0.54	-0.23	-0.48	-0.39	0.22	-0.46	-0.55	-0.6	0.33		-0.45	-0.43	0.07	-0.45	-0.51	-0.26	-0.17	-0.18	-0.48	-0.01
Non Current Liabilities Total	0.93	0.99	0.96	0.93	0.99	0.99	0.94	0.69	0.68	0.98	0.28	0.99	0.97	0.86	0.21	-0.45		0.97	0.0	1.0	0.98	0.94	0.38	0.78	0.99	0.47
Other Current Assets	0.95	0.96	0.93	0.91	0.95	0.96	0.89	0.74	0.72	0.96	0.16	0.96	0.96	0.86	0.09	-0.43	0.97		0.05	0.97	0.96	0.9	0.39	0.78	0.97	0.46
Other Stockholder Equity	0.06	-0.02	-0.04	-0.05	-0.03	-0.01	-0.03	0.18	-0.23	-0.03	-0.08	-0.03	-0.05	-0.05	-0.01	0.07	0.0	0.05		0.0	-0.03	0.02	-0.07	0.13	0.01	0.15
Total Liab	0.93	0.99	0.97	0.94	0.98	0.99	0.94	0.71	0.68	0.98	0.29	0.99	0.97	0.88	0.21	-0.45	1.0	0.97	0.0		0.98	0.95	0.42	0.79	0.99	0.49
Property Plant And Equipment Gross	0.87	0.99	0.97	0.92	0.99	0.99	0.96	0.6	0.76	0.95	0.22	0.99	0.98	0.89	0.14	-0.51	0.98	0.96	-0.03	0.98		0.91	0.39	0.68	0.98	0.37
Total Current Assets	0.88	0.94	0.95	0.91	0.93	0.94	0.83	0.63	0.54	0.95	0.55	0.93	0.87	0.81	0.49	-0.26	0.94	0.9	0.02	0.95	0.91		0.4	0.8	0.95	0.61
Short Term Debt	0.37	0.37	0.42	0.68	0.34	0.37	0.39	0.54	0.16	0.43	0.08	0.36	0.42	0.55	0.08	-0.17	0.38	0.39	-0.07	0.42	0.39	0.4		0.54	0.46	0.41
Short Long Term Debt Total	0.84	0.72	0.72	0.83	0.68	0.72	0.6	0.94	0.24	0.84	0.31	0.71	0.72	0.73	0.3	-0.18	0.78	0.78	0.13	0.79	0.68	0.8	0.54		0.79	0.78
Inventory	0.9	0.98	0.98	0.96	0.97	0.98	0.92	0.7	0.67	0.98	0.29	0.98	0.97	0.92	0.21	-0.48	0.99	0.97	0.01	0.99	0.98	0.95	0.46	0.79		0.52
Common Stock Total Equity	0.52	0.42	0.49	0.57	0.39	0.43	0.29	0.67	-0.14	0.57	0.56	0.4	0.37	0.48	0.54	-0.01	0.47	0.46	0.15	0.49	0.37	0.61	0.41	0.78	0.52

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Agnico Eagle Account Relationship Matchups

Agnico Eagle fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	233.3M	238.2M	243.1M	244.7M	489.9M	514.4M
Total Assets	8.8B	9.6B	10.2B	23.5B	28.7B	30.1B
Other Current Liab	216.5M	225.0M	267.5M	546.8M	502.5M	527.6M
Total Current Liabilities	775.6M	515.7M	761.8M	946.4M	1.0B	1.1B
Total Stockholder Equity	5.1B	5.7B	6.0B	16.2B	19.4B	20.4B
Property Plant And Equipment Net	7.0B	7.3B	7.6B	18.5B	21.2B	22.3B
Net Debt	1.5B	1.3B	1.5B	834.8M	1.7B	1.7B
Retained Earnings	(647.3M)	(366.4M)	(165.3M)	(201.6M)	963.2M	1.0B
Accounts Payable	158.3M	167.1M	189.1M	259.0M	317.9M	333.8M
Cash	321.9M	402.5M	185.8M	658.6M	338.6M	220.6M
Non Current Assets Total	7.6B	8.4B	8.9B	21.3B	26.5B	27.8B
Non Currrent Assets Other	184.9M	259.3M	353.2M	466.9M	779.6M	818.6M
Other Assets	184.9M	259.3M	561.4M	450.5M	518.1M	544.0M
Cash And Short Term Investments	414.2M	406.5M	191.1M	658.6M	348.8M	268.0M
Short Term Investments	92.3M	3.9M	5.3M	9.9M	10.2M	9.7M
Liabilities And Stockholders Equity	8.8B	9.6B	10.2B	23.5B	28.7B	30.1B
Non Current Liabilities Total	2.9B	3.4B	3.4B	6.3B	8.2B	8.6B
Other Current Assets	95.8M	109.8M	129.7M	158.6M	238.5M	250.4M
Other Stockholder Equity	217.4M	212.9M	228.4M	220.7M	223.8M	212.6M
Total Liab	3.7B	3.9B	4.2B	7.3B	9.3B	9.7B
Property Plant And Equipment Gross	7.0B	7.3B	14.1B	26.1B	32.5B	34.1B
Total Current Assets	1.2B	1.2B	1.3B	2.2B	2.2B	2.3B
Accumulated Other Comprehensive Income	(47.9M)	85.3M	54.3M	(29.0M)	(99.0M)	(94.0M)
Short Term Debt	374.7M	20.9M	258.0M	136.5M	146.4M	153.7M
Short Long Term Debt Total	1.8B	1.7B	1.7B	1.5B	2.0B	2.1B
Inventory	580.1M	630.5M	878.9M	1.2B	1.4B	1.5B
Common Stock Total Equity	5.3B	5.4B	5.6B	5.8B	6.6B	3.3B
Common Stock	5.6B	5.8B	5.9B	16.3B	18.3B	19.3B
Net Receivables	10.6M	15.5M	21.2M	43.6M	184.9M	194.1M
Other Liab	1.4B	1.8B	2.0B	5.0B	5.7B	6.0B
Net Tangible Assets	4.1B	4.7B	5.3B	5.6B	6.4B	4.6B
Long Term Debt	1.4B	1.6B	1.3B	1.2B	1.7B	1.5B
Property Plant Equipment	7.0B	7.3B	7.6B	18.5B	21.2B	22.3B
Long Term Debt Total	1.5B	1.7B	1.4B	1.4B	1.6B	1.5B
Capital Lease Obligations	116.8M	120.3M	131.4M	151.3M	161.5M	96.3M

Pair Trading with Agnico Eagle

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agnico Eagle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico Stock

0.72

First Majestic Silver

Pair Corr

Moving against Agnico Stock

0.41

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agnico Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agnico Eagle Mines to buy it.

The correlation of Agnico Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Agnico Eagle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In Agnico

Details

Is Agnico Stock a good investment?

Details

What is Agnico Eagle's Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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.

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Agnico Common Stock Total Equity vs Net Debt Analysis

Common Stock Total Equity vs Net Debt

Common Stock Total Equity vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Net Debt

Agnico Eagle fundamental ratios Correlations

Agnico Eagle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Agnico Eagle fundamental ratios Accounts

Pair Trading with Agnico Eagle

Moving together with Agnico Stock

Moving against Agnico Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Short Term Investments	- 0.6	Other Assets
Short Term Investments	- 0.55	Non Currrent Assets Other
Short Term Investments	- 0.54	Current Deferred Revenue
Property Plant And Equipment Gross	- 0.51	Short Term Investments
Inventory	- 0.48	Short Term Investments
Short Term Investments	- 0.48	Retained Earnings