Are These Good Stocks for Value Investors? – Agnico Eagle Mines Limited (AEM), Avinger Inc. (AVGR)

Agnico Eagle Mines Limited (NYSE:AEM) stock opened at $60.00 in recent trading session and has moved within a range spread between a low of $58.70 and a high of $60.12. When we look at the daily trading volume, traded Agnico Eagle Mines Limited shares reached 1.12 million, slightly lower than its 90-day average trading volume of 1.22 million. The company has a market cap of $14.17 billion and its earnings growth for the next 5 years has been projected to rise by 61.81%. AEM stock lost -2.45% on the day to settle at $59.44 with a 1.62% short float and a short ratio of 3.18.

Analysts give Agnico Eagle Mines Limited (AEM) a recommended stock rating of 4.13 to suggest the stock is a great Moderate Buy at the moment. Short term prospects for the stock appear exciting, with the distance to its 20-day simple moving average at -2.54% and the price target is given a consensus estimate of $60.37, about -1.55 down on the current stock price at $59.44. The weekly performance stands at -0.03% lower and -2.43% over the past one month. However, its overall year-to-date performance is down by -3.52% and 36.46% over the last 12 months. That figure will dwindle in 2020 but reach an average of 61.81% over the next five-year period.

If we break down the company’s shareholders to find out who the top AEM holders are, we note that insiders hold only 0.05% of the shares. The major holders are institutions that hold 76.29% of the company’s shares, specifically spread out among 673 institutional holders. 76.32% of the share float is held by these institutions, of which the top three include are Van Eck Associates Corporation, First Eagle Investment Management, LLC and Royal Bank of Canada. The Van Eck Associates Corporation currently holds 12.91 million shares (about 5.38% of shares outstanding) valued at over $692.14 million as reported last on Sep 29, 2019. First Eagle Investment Management, LLC and Royal Bank of Canada hold 8.1 million and 7.77 million shares valued at over $434.21 million and $416.66 million respectively. The two company’s shares make up 3.37% and 3.24% of the total Agnico Eagle Mines Limited (AEM) shares outstanding, respectively. The three top holders share value combine to more than $1.54 billion.

Analysts on Wall Street have given the AEM stock a steady of – for the last 3 months, with the current consensus rating among 0 polled analysts putting it at 4.00.

In terms of the stock price, analysts have given the stock a 12-month consensus price target of $59.44, with the low at $61.00 and the high at $79.01. The median price of $72.71 suggests that analysts predict the stock will gain by 18.25% over the year from the last trading price. If the stock climbs to hit the high price target, then the company’s share price would have surged by an impressive 24.77% over the next 12 months. Even hitting the consensus low price we would still see the stock rise 2.56% from its current price level.

Avinger Inc. (NASDAQ: AVGR) is undervalued, analysts say as the stock’s 5.00 rating makes it a Strong Buy. Meanwhile, the stock that has jumped to $0.61 by losing -0.02 in Tuesday’s market deals, received rating change over the recent past. Ladenburg Thalmann Initiated the Buy rating. Oppenheimer Downgrade the stock to Perform and has the AVGR stock. On April 11, 2017, Canaccord Genuity issued an Downgrade for Avinger Inc. (NASDAQ:AVGR) to Hold. Analysts, on average, believe could hit $1 per share within one year. The target price suggests that the company shares have a 0.0 downside potential compared to its last price at the close of trade at $0.63 (down -0.0% on day’s opening price on 02/04/20).

So, what do analysts say about a stock that has dropped -46.54% year-to-date? Data shows that 2 analysts observing Avinger Inc.’s stock have recommended AVGR as a Buy. 2 of 2 say it is a buy, while 0 rate the stock as a overweight. The remaining 0 recommend investors Hold. The median price target for the stock is $4.25, with the range between a low of $3.00 and a high of $5.50. Shares outstanding sit at 10.49M while the public float is currently at 10.26M shares.

The average analyst ratings momentum for the stock is 5.00 and has remained 5.00 and 5.00 a month ago and 2 months ago, respectively. We focus on changes in the sentiment portrayed by analysts over a given timeframe to get a pointer regarding the stock’s future price movements. If we look at the stock’s most recent price movements, the SMA20 is at a distance of -39.92% while enlarging that period further brings the SMA50 and SMA200 to -49.23% and -73.69% respectively.

In terms of volatility relative to the latest price change, AVGR has a relative strength index (RSI) of 20.28 while the ATR figure stands at 0.09. Over the last week, the stock’s price tumbled only -29.68% although that falls to -47.91% over the month. Investors are encouraged by the positive sales in the quarter over quarter returns that currently stand at 20.00%. Sentiment is however tempered due to the -53.83% in quarter-over-quarter earnings a share.