Agnico Eagle Mines Ltd (NYSE:AEM) Identified by High Growth Momentum and Minervini Trend Screen

AGNICO EAGLE MINES LTD (NYSE:AEM) has been identified through a screening process that combines Mark Minervini’s Trend Template with a High Growth Momentum (HGM) rating. This dual-filter approach confirms that chosen stocks show both solid technical momentum and good underlying growth in earnings, revenue, and profitability. The method focuses on finding equities in clear uptrends with improving fundamentals, key traits that have historically come before major price gains.

Meeting the Minervini Trend Template

AEM meets all important technical criteria detailed in Minervini’s Trend Template, which is made to identify stocks in strong Stage 2 uptrends. The template focuses on price trading above important moving averages, positive moving average slopes, good relative strength, and being near new highs, all signs of continued bullish momentum.

Key technical confirmations for AEM include:

• Trading well above its 150-day ($116.08) and 200-day ($107.92) moving averages, with both averages moving upward.
• The 50-day moving average ($129.38) is above both the 150-day and 200-day averages, confirming consistent bullish momentum across timeframes.
• A current price of $151.85 puts the stock 102% above its 52-week low of $75.17 and within 0.6% of its 52-week high of $152.75.
• A relative strength ranking of 93.54, showing it performs better than 93% of all stocks, a sign of market leadership.

These factors together indicate that AEM is in a clear uptrend with solid institutional support and little overhead resistance, making it technically ready for more progress.

High Growth Momentum Fundamentals

Along with its technical condition, AEM shows good growth metrics that fit the needs of growth-focused investors. The High Growth Momentum rating looks at earnings acceleration, revenue expansion, profit margin improvement, and positive analyst revisions.

Notable fundamental positives for AEM include:

• Earnings per share (EPS) growth of 106.7% over the trailing twelve months and quarterly EPS growth above 80% for the last several quarters.
• Revenue growth of 32.3% year-over-year, with recent quarterly sales growth averaging above 30%.
• Improvement in profit margins, with the latest quarter showing a 37.95% net profit margin, up from 22.9% two quarters prior.
• Solid analyst sentiment, with next-year EPS estimates adjusted upward by 38.2% over the past three months.

These metrics show not only fast growth but also better operational efficiency and increasing expectations, factors that often draw more institutional interest and support price momentum.

Technical and Setup Assessment

According to ChartMill’s own analysis, AEM has a perfect technical rating of 10, showing outstanding trend strength, momentum, and relative performance. The stock is trading near new highs with supportive volume trends, pointing to continued buying interest. However, the setup rating is currently moderate (3), suggesting that while the stock is technically healthy, its recent price increase might need a pause period to present a good risk/reward entry point.

For a detailed breakdown of AEM’s technical condition, readers can see the full technical analysis report.

Discover Similar Opportunities

For investors interested in finding other stocks that meet this strict mix of technical and growth criteria, the High Growth Momentum + Trend Template screen provides a selected list of high-potential candidates updated regularly.

,

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Investors should conduct their own research and consider their risk tolerance before making any investment decisions.