Agnico Eagle Mines (TSX:AEM) 12-1 Month Momentum %

: -2.44% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-18), Agnico Eagle Mines's 12-1 Month Momentum % is -2.44%.

The industry rank for Agnico Eagle Mines's 12-1 Month Momentum % or its related term are showing as below:

TSX:AEM's 12-1 Month Momentum % is ranked better than
78.33% of 2594 companies
in the Metals & Mining industry
Industry Median: -33.33 vs TSX:AEM: -2.44

Competitive Comparison

For the Gold subindustry, Agnico Eagle Mines's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Agnico Eagle Mines 12-1 Month Momentum % Distribution

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's 12-1 Month Momentum % falls into.

Agnico Eagle Mines (TSX:AEM) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Agnico Eagle Mines (TSX:AEM) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Agnico Eagle Mines 12-1 Month Momentum % Related Terms

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Agnico Eagle Mines (TSX:AEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (TSX:AEM) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

AEM:USA AEM:Mexico AE9:Germany AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.