AGNICO EAGLE MINES LTD (NYSE:AEM) – A Strong Growth Candidate Meeting Minervini’s Criteria

AGNICO EAGLE MINES LTD (NYSE:AEM) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company, a gold producer with operations across Canada, Australia, and Mexico, demonstrates strong technical and fundamental traits that make it a compelling candidate for growth-focused investors.

Why AEM Fits the Minervini Trend Template

Minervini’s strategy emphasizes stocks in strong uptrends with clear technical strength. AEM meets these criteria:

• Price Above Key Moving Averages:

  • Current price ($117.62) is above the 50-day ($111.39), 150-day ($95.70), and 200-day ($91.83) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.
  • The 200-day MA is trending upward, reinforcing long-term strength.

• Relative Strength:

  • AEM’s relative strength (CRS) is 95.45, indicating it outperforms nearly 95% of all stocks.
  • It ranks in the top 18% of its Metals & Mining industry group.

• Price Near 52-Week High:

  • The stock is trading within 7% of its 52-week high ($126.76) and is 87% above its 52-week low ($63.01).

High Growth Fundamentals

Beyond technicals, AEM exhibits strong earnings and revenue growth, key for high-growth investors:

• Earnings Growth:

  • EPS (TTM) grew 106.6% year-over-year.
  • Quarterly EPS growth (Q2Q) surged 101.3%, with prior quarters showing even stronger gains (121.1%, 159.1%).
  • Full-year EPS growth (FY) jumped 89.7%.

• Revenue Growth:

  • Revenue (TTM) increased 28.5% year-over-year.
  • Quarterly sales growth (Q2Q) rose 34.9%, with consistent upward revisions in estimates.

• Profit Margins Expanding:

  • Latest quarterly profit margin improved to 33.0%, up from 22.9% in the prior quarter.
  • Free cash flow per share grew 282% year-over-year.

Technical Outlook

AEM’s technical report highlights:

• A strong long-term and short-term uptrend.
• Support levels at $108.94-$112.96 (key moving averages) and $104.78-$106.83 (trendlines).
• High liquidity with average daily volume of 3.9M shares.

While the setup rating is currently medium (4/10) due to recent volatility, the stock’s overall technical strength (10/10) suggests it remains a high-quality candidate for trend-following strategies.

For a deeper analysis, review the full technical report on AEM.

Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.