News to Watch: Agnico Eagle Mines Limited (AEM)

Agnico Eagle Mines Limited (AEM) spotted trading -5.24% off 52-week high price. On the other end, the stock has been noted 58.78% away from the low price over the last 52-weeks. The stock changed 0.80% to recent value of $61.48. The stock transacted 1081544 shares during most recent day however it has an average volume of 1.16M shares. The company has 238.59M of outstanding shares and 238.04M shares were floated in the market.

On Jan. 7, 2020, Agnico Eagle Mines Limited (NYSE:AEM) declared that it was issued (the Issuance) 10,400,000 common share purchase warrants (the 2026 Warrants) of Orla Mining Ltd. (TSX-V: OLA) (Orla) on December 18, 2019 in connection with, and as consideration for the funding commitments provided by Agnico Eagle under, the previously announced loan agreement dated December 18, 2019 (the Loan Agreement) between, among others, Orla and Agnico Eagle.  Each 2026 Warrant entitles the holder to acquire one Common Share at a price of $3.00 at any time prior to December 18, 2026.

Prior to the Issuance, Agnico Eagle owned 17,613,835 Common Shares and 870,250 common share purchase warrants of Orla entitling holders to acquire one Common Share at a price of $2.35 at any time prior to February 15, 2021 (the 2021 Warrants), representing approximately 9.47% of the issued and outstanding Common Shares on a non-diluted basis and 9.89% of the issued and outstanding Common Shares on a partially-diluted basis assuming the exercise of the 2021 Warrants held by Agnico Eagle.  Following the Issuance, Agnico Eagle owned 17,613,835 Common Shares, 870,250 2021 Warrants and 10,400,000 2026 Warrants, representing approximately 9.47% of the issued and outstanding Common Shares on a non-diluted basis and 14.64% of the issued and outstanding Common Shares on a partially-diluted basis assuming exercise of the 2021 Warrants and the 2026 Warrants held by Agnico Eagle.

Its earnings per share (EPS) expected to touch remained -235.20% for this year while earning per share for the next 5-years is expected to reach at 61.64%. AEM has a gross margin of 49.20% and an operating margin of -1.80% while its profit margin remained -11.10% for the last 12 months.

According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.86% from the mean of 20 days, 2.86% from mean of 50 days SMA and performed 16.66% from mean of 200 days price. Company’s performance for the week was -1.58%, 0.10% for month and YTD performance remained -0.21%.

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