Latest news with #AEM
Yahoo
4 days ago
- Business
- Yahoo
Agnico Eagle Mines (AEM) Dips More Than Broader Market: What You Should Know
In the latest market close, Agnico Eagle Mines (AEM) reached $122.06, with a -1.25% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.53%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.83%. Shares of the gold mining company have appreciated by 5.38% over the course of the past month, outperforming the Basic Materials sector's gain of 4.61% and the S&P 500's gain of 5.17%. Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company is forecasted to report an EPS of $1.45, showcasing a 35.51% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.55 billion, indicating a 22.94% increase compared to the same quarter of the previous year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.03 per share and a revenue of $10.19 billion, indicating changes of +42.55% and +23%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for Agnico Eagle Mines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.18% higher. Agnico Eagle Mines is currently sporting a Zacks Rank of #2 (Buy). In the context of valuation, Agnico Eagle Mines is at present trading with a Forward P/E ratio of 20.51. This expresses a premium compared to the average Forward P/E of 13.22 of its industry. We can additionally observe that AEM currently boasts a PEG ratio of 1.08. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.65. The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 28, positioning it in the top 12% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
US tractor sales continue to fall amid trade concerns
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. U.S. sales of tractors and combines continued to fall in April as farm equipment manufacturers navigated ongoing headwinds from a mix of tariffs, high interest rates and increased input costs. The total number of two-wheel- and four-wheel-drive tractors sold for the month fell 12.3% to 22,201, according to recent data from the Association of Equipment Manufacturers, a difference of 3,116 units. From January to April, industry sales declined 13.3% year over year to 58,964 tractors, AEM data show. Meanwhile, Combine sales plummeted 48.3% to 936 units over the same period. For the month of April, they were down 31.9%, or by 194 units. As farmers take a more cautious approach to capital spending, Curt Blades, senior vice president of the AEM, said in a statement that he is hopeful for a market rebound as demand picks up in the warmer months. 'With planting season underway, we remain optimistic the ag economy will improve, leading to a strengthening of the ag equipment market,' Blades said. U.S. tractor sales typically peak ahead of the spring harvest months with a later spike in October during fall harvest, according to AEM data. While market trends have been consistent since 2020, demand has significantly weakened since the tractor boom of 2022. In response, equipment giants such as Deere & Co. and CNH Industrial have significantly cut their production output and laid off droves of manufacturing workers. Since March 2024, the John Deere tractor maker has laid off 1,866 people across its factories and offices in Iowa alone, as of February. Earlier this year, CNH notified workers at plants in North Dakota and Minnesota of 373 job cuts, citing 'current and anticipated market conditions.' Despite gloomy sales and projected tariff impacts across the industry, Deere executives were optimistic on a May earnings call about conditions improving this year. Chairman and CEO John May said the company saw sales momentum carry forward into the second quarter from the first quarter, citing $10 billion in federal emergency relief payments to farmers as a potential catalyst. Markets in Canada are already showing signs of recovery. Total tractor sales from January to April increased 3.4% over last year, according to AEM data for the country. This was driven in part by renewed demand for four-wheel-drive tractors, which resulted in a sales increase of 46.3% year-to-date. The global tractor market is expected to be valued at $89.8 billion this year and is on track to reach $119.6 billion by 2030, according to market research group Mordor Intelligence. The Asia-Pacific and North American markets are positioned to drive much of the growth as farmers incorporate more machinery into their agricultural practices amid labor shortages and rising costs. Recommended Reading Deere details $500M tariffs impact Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Rewey Asset Management Sold as Aginco Eagle (AEM) Grows Beyond Smid Range
Rewey Asset Management, an investment management company, released its 'RAM Smid Composite' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The composite declined 6.97% in Q1 2025, trailing a 5.83% decline for the benchmark Russell 2500 Value Total Return Index. Larger-cap stocks outperformed smaller ones in 1Q25, with the Russell 3000 TR value up 1.64% and the Russell 2000 TR value down 7.74%, while the RAM Smid composite is biased towards smaller-cap stocks. The significant market theme in Q1 2025 was the uncertainty surrounding the potential negative economic effects of Trump's tariffs. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Rewey Asset Management highlighted stocks such as Agnico Eagle Mines Limited (NYSE:AEM). Agnico Eagle Mines Limited (NYSE:AEM) is a mining company that engages in the production and exploration of gold. The one-month return of Agnico Eagle Mines Limited (NYSE:AEM) was -4.21%, and its shares gained 70.22% of their value over the last 52 weeks. On May 22, 2025, Agnico Eagle Mines Limited (NYSE:AEM) stock closed at $114.59 per share with a market capitalization of $57.92 billion. Rewey Asset Management stated the following regarding Agnico Eagle Mines Limited (NYSE:AEM) in its Q1 2025 investor letter: "Eagle Mines Limited (NYSE:AEM) was our strongest percentage gainer in the quarter, although we sold the position to zero, half in late January and the balance in mid-March. AEM is a good example of our philosophy of not selling a stock just because its market cap grows out of our Smid range, as it ended 1Q25 at a $53 bil. market cap. Initially, we acquired Kirkland Lake, which was subsequently acquired by AEM for stock. We held the position, and the combined entity posted strong returns for RAM. We sold our position as it rose to our price target on strong gold pricing, and on our view that the medium-term production plateau forecast by the company would likely leave the company as a just a pure play on gold prices. We continue to own Wesdome Gold Mines (WDOFF) which is forecast to post strong production growth and cost reductions and is located in the same Abitibi gold belt sweet spot as AEM's core operations." A macro view of a gold mine, with miners hard at work in the foreground. Agnico Eagle Mines Limited (NYSE:AEM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 53 hedge fund portfolios held Agnico Eagle Mines Limited (NYSE:AEM) at the end of the fourth quarter compared to 54 in the third quarter. While we acknowledge the potential of Agnico Eagle Mines Limited (NYSE:AEM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Agnico Eagle Mines Limited (NYSE:AEM) and shared the list of best gold stocks to invest in according to billionaires. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Rewey Asset Management Sold as Aginco Eagle (AEM) Grows Beyond Smid Range
Rewey Asset Management, an investment management company, released its 'RAM Smid Composite' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The composite declined 6.97% in Q1 2025, trailing a 5.83% decline for the benchmark Russell 2500 Value Total Return Index. Larger-cap stocks outperformed smaller ones in 1Q25, with the Russell 3000 TR value up 1.64% and the Russell 2000 TR value down 7.74%, while the RAM Smid composite is biased towards smaller-cap stocks. The significant market theme in Q1 2025 was the uncertainty surrounding the potential negative economic effects of Trump's tariffs. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Rewey Asset Management highlighted stocks such as Agnico Eagle Mines Limited (NYSE:AEM). Agnico Eagle Mines Limited (NYSE:AEM) is a mining company that engages in the production and exploration of gold. The one-month return of Agnico Eagle Mines Limited (NYSE:AEM) was -4.21%, and its shares gained 70.22% of their value over the last 52 weeks. On May 22, 2025, Agnico Eagle Mines Limited (NYSE:AEM) stock closed at $114.59 per share with a market capitalization of $57.92 billion. Rewey Asset Management stated the following regarding Agnico Eagle Mines Limited (NYSE:AEM) in its Q1 2025 investor letter: "Eagle Mines Limited (NYSE:AEM) was our strongest percentage gainer in the quarter, although we sold the position to zero, half in late January and the balance in mid-March. AEM is a good example of our philosophy of not selling a stock just because its market cap grows out of our Smid range, as it ended 1Q25 at a $53 bil. market cap. Initially, we acquired Kirkland Lake, which was subsequently acquired by AEM for stock. We held the position, and the combined entity posted strong returns for RAM. We sold our position as it rose to our price target on strong gold pricing, and on our view that the medium-term production plateau forecast by the company would likely leave the company as a just a pure play on gold prices. We continue to own Wesdome Gold Mines (WDOFF) which is forecast to post strong production growth and cost reductions and is located in the same Abitibi gold belt sweet spot as AEM's core operations." A macro view of a gold mine, with miners hard at work in the foreground. Agnico Eagle Mines Limited (NYSE:AEM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 53 hedge fund portfolios held Agnico Eagle Mines Limited (NYSE:AEM) at the end of the fourth quarter compared to 54 in the third quarter. While we acknowledge the potential of Agnico Eagle Mines Limited (NYSE:AEM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Agnico Eagle Mines Limited (NYSE:AEM) and shared the list of best gold stocks to invest in according to billionaires. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20-05-2025
- Business
- Business Wire
Tanium Converge World Tour Arrives in Frankfurt
FRANKFURT, Germany--(BUSINESS WIRE)--Tanium, a leader in Autonomous Endpoint Management (AEM), brings its Converge World Tour to Frankfurt today, concluding the European leg of its tour. This year's Converge World Tour Frankfurt, held in partnership with CIONet, will feature customer and partner success stories at the Radisson Blu Hotel, Frankfurt. Attendees will hear from Tanium executives, including CEO Dan Streetman, who will discuss the growing importance of assurance in an unpredictable threat landscape. Tanium VP of AI, Harman Kaur, will then explore autonomous innovation and the expanding endpoint environment. Guest speakers include Dr. Jörg Storm, who will deliver a keynote titled "Unlock the Power of AI: From Concept to Successful Implementation." 'Converge World Tour Frankfurt is a testament to Tanium's commitment to innovation and partnership in the cybersecurity industry,' said Tanium Regional Vice President, Jacob-Jan Walberg. "By bringing together Tanium executives, customers, and partners, we are creating a forum to explore how autonomous technology can strengthen security and improve operational efficiency." Converge World Tour Frankfurt event highlights include: Executive panels featuring leading CIOs/CISOs from the CIONet community on operational technology and cybersecurity culture. Executive breakouts with PwC and ServiceNow on cyber resilience and visibility. Tanium Partner Academy, hosted by Tanium AVP EMEA, Steve Murphy, announcing the regional winners of the 2025 Partner Awards. Networking opportunities with industry peers and thought leaders at the Converge Royale Evening Party sponsored by ServiceNow. The Converge World Tour continues June 13 in Tokyo, Japan. To find our more information, please visit: About Tanium Tanium Autonomous Endpoint Management (AEM) offers the most comprehensive solution for intelligently managing endpoints across industries, providing capabilities for asset discovery and inventory, vulnerability management, endpoint management, incident response, risk and compliance, and digital employee experience. The platform supports 34 million endpoints worldwide, including 40% of the Fortune 100, delivering increasingly efficient operations and an improved security posture at scale, with confidence, and in real-time. For more information on The Power of Certainty™, visit and follow us on LinkedIn and X. Legal Disclaimer The information described herein is for general informational purposes only. This information is not a commitment, warranty, offer, promise, or legal obligation for us to deliver any future products, features, or functionality, and is not intended to be, and shall not be deemed to be, incorporated into any contract. The actual timing of any product, feature, or functionality that is ultimately made available may be different from what is described.
