Top Analyst Pounds the Table on Agnico Eagle Mines Limited (AEM), Chevron Corporation (CVX)

A look at its monthly performance shows that Agnico Eagle Mines Limited (NYSE:AEM) has recorded a 5.55% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -1.96% and is now up by 3.99% since start of this year. The equity price sank -3.93% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price climbed by 18.27% over the past three months which led to its overall six-month increase to stand at 5.1%.

The shares of Agnico Eagle Mines Limited (AEM) dropped by -12.17% or -$5.82 from its last recorded high of $47.83 which it attained on May 07 to close at $42.01 per share. Over the past 52 weeks, the shares of Agnico Eagle Mines Limited has been trading as low as $32.18 before witnessing a massive surge by 30.55% or $9.83. This price movement has led to the AEM stock receiving more attention and has become one to watch out for. It dipped by -1.27% on Tuesday and this got the market worried. The stock’s beta now stands at -0.48 and when compared to its 200-day moving average and its 50-day moving average, AEM price stands 5.62% above and 4.86% above respectively. Its average daily volatility for this week is 2.07% which is less than the 2.15% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Agnico Eagle Mines Limited with most of them predicting a $49.65 price target on a short-term (12 months) basis. The average price target by the analysts will see a 18.19% rise in the stock and would lead to AEM’s market cap to surge to $11.52B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 19 analysts that track Agnico Eagle Mines Limited (NYSE:AEM) and find out that 4 of them rated it as a Hold. 15 of the 15 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at AEM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.03 point. Its trading volume has added 436777 shares compared to readings over the past three months as it recently exchanged 1906777 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1470000 shares, and this is 1.3 times the normal volume.

The price of Chevron Corporation (NYSE:CVX) currently stands at $118.72 after it went up by $1.77 or 1.51% and has found a strong support at $117.93 a share. If the CVX price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $117.14 mark would also be bad for the stock as it means that the stock would plunge by 1.33% from its current position. However, if the stock price is able to trade above the resistance point around $119.19, then it could likely surge higher to try and break the upward resistance which stands at $119.66 a share. Its average daily volatility over the past one month stands at 1.56%. The stock has plunged by 0.93% from its 52-weeks high of $117.61 which it reached on May. 14, 2018. In general, it is 15.58% above its 52-weeks lowest point which stands at $100.22 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Chevron Corporation (CVX) for 1 year and it stands at an average $136.05/share. This means that it would likely increase by 14.6% from its current position. The current price of the stock has been moving between $117.61 and $118.87. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $122. On the other hand, one analyst is super bullish about the price, setting a target as high as $160.

The CVX stock Stochastic Oscillator (%D) is at 75.08%, which means that it is currently neutral. The shares P/S ratio stands at 1.43 which compares to the 0.86 recorded by the industry or the 10.48 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.97, which is lower than the 15.33 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -22.3% over the past five years.

Analysts view Chevron Corporation (NYSE:CVX) as a Buy, with 2 consensus rating. Reuters surveyed 23 analysts that follow CVX and found that 5 of those analysts rated the stock as a Hold. The remaining 18 were divided, with 18 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Chevron Corporation (CVX) shares or sell it if they already own it.