Agnico-Eagle Z Score

AEM
 Stock
  

USD 49.15  0.72  1.44%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please continue to Agnico-Eagle Mines Piotroski F Score and Agnico-Eagle Mines Valuation analysis.
  

Agnico-Eagle Z Score Analysis

Agnico-Eagle Mines' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Agnico-Eagle Mines Z Score

    
  4.8  
Most of Agnico-Eagle Mines' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Agnico-Eagle Mines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Agnico-Eagle Mines has a Z Score of 4.8. This is 91.24% higher than that of the Basic Materials sector and 42.79% lower than that of the Gold industry. The z score for all United States stocks is 44.95% higher than that of the company.

Agnico-Eagle Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Agnico-Eagle Mines' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Agnico-Eagle Mines could also be used in its relative valuation, which is a method of valuing Agnico-Eagle Mines by comparing valuation metrics of similar companies.
Agnico-Eagle Mines is currently under evaluation in z score category among related companies.

Agnico-Eagle Mines ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Agnico-Eagle Mines' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Agnico-Eagle Mines' managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Agnico-Eagle Mines Institutional Holders

Institutional Holdings refers to the ownership stake in Agnico-Eagle Mines that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Agnico-Eagle Mines' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Agnico-Eagle Mines' value.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares51.4 K2.2 M
Zweigdimenna Associates LlcCommon Shares51.4 K2.4 M
Zweigdimenna Associates LlcCommon Shares145.5 K8.9 M
Zurich Insurance Group LtdCommon Shares17.1 K584 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares148.1 K6.8 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares154.5 K9.5 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares86 K4.5 M

Agnico-Eagle Fundamentals

About Agnico-Eagle Mines Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Agnico-Eagle Mines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Agnico-Eagle Mines using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Agnico-Eagle Mines based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company was incorporated in 1953 and is headquartered in Toronto, Canada. Agnico-Eagle Mines operates under Gold classification in the United States and is traded on New York Stock Exchange. It employs 6810 people.

Agnico-Eagle Mines Investors Sentiment

The influence of Agnico-Eagle Mines' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Agnico-Eagle. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Agnico-Eagle Mines' public news can be used to forecast risks associated with investment in Agnico-Eagle. The trend in average sentiment can be used to explain how an investor holding Agnico-Eagle can time the market purely based on public headlines and social activities around Agnico-Eagle Mines. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Agnico-Eagle Mines' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Agnico-Eagle Mines' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Agnico-Eagle Mines' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Agnico-Eagle Mines.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Agnico-Eagle Mines in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Agnico-Eagle Mines' short interest history, or implied volatility extrapolated from Agnico-Eagle Mines options trading.

Pair Trading with Agnico-Eagle Mines

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 Mines 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 Mines will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico-Eagle Mines

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The ability to find closely correlated positions to Agnico-Eagle Mines 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 Mines 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 Mines - 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 Mines is a statistical measure of how it moves in relation to other equities. 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 Mines 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 Mines 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 CorrelationCorrelation Matching
Please continue to Agnico-Eagle Mines Piotroski F Score and Agnico-Eagle Mines Valuation analysis. Note that the Agnico-Eagle Mines information on this page should be used as a complementary analysis to other Agnico-Eagle Mines' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Agnico-Eagle Stock analysis

When running Agnico-Eagle Mines price analysis, check to measure Agnico-Eagle Mines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agnico-Eagle Mines is operating at the current time. Most of Agnico-Eagle Mines' value examination focuses on studying past and present price action to predict the probability of Agnico-Eagle Mines' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Agnico-Eagle Mines' price. Additionally, you may evaluate how the addition of Agnico-Eagle Mines to your portfolios can decrease your overall portfolio volatility.
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Is Agnico-Eagle Mines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agnico-Eagle Mines. If investors know Agnico-Eagle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agnico-Eagle Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.64) 
Market Capitalization
22.7 B
Quarterly Revenue Growth YOY
0.47
Return On Assets
0.0515
Return On Equity
0.0497
The market value of Agnico-Eagle Mines is measured differently than its book value, which is the value of Agnico-Eagle that is recorded on the company's balance sheet. Investors also form their own opinion of Agnico-Eagle Mines' value that differs from its market value or its book value, called intrinsic value, which is Agnico-Eagle Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agnico-Eagle Mines' market value can be influenced by many factors that don't directly affect Agnico-Eagle Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agnico-Eagle Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine Agnico-Eagle Mines value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico-Eagle Mines' 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.