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