Agnico Eagle Ownership
| AEM Stock | CAD 149.66 1.22 0.81% |
Shares in Circulation | First Issued 1985-09-30 | Previous Quarter 500.4 M | Current Value 502.1 M | Avarage Shares Outstanding 136.3 M | Quarterly Volatility 120.6 M |
Agnico |
Agnico Stock Ownership Analysis
About 71.0% of the company shares are held by institutions such as insurance companies. The book value of Agnico Eagle was presently reported as 41.52. The company recorded earning per share (EPS) of 5.4. Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company was incorporated in 1953 and is headquartered in Toronto, Canada. AGNICO EAGLE operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 6810 people. For more info on Agnico Eagle Mines please contact Sean Boyd at 416-947-1212 or go to https://www.agnicoeagle.com.Agnico Eagle Outstanding Bonds
Agnico Eagle issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Agnico Eagle Mines uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Agnico bonds can be classified according to their maturity, which is the date when Agnico Eagle Mines has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with Agnico Eagle
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agnico Eagle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.Moving together with Agnico Stock
| 0.93 | ORE | Orezone Gold Corp Earnings Call This Week | PairCorr |
Moving against Agnico Stock
| 0.81 | IE | Ivanhoe Energy | PairCorr |
| 0.79 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.71 | AAPL | Apple Inc CDR | PairCorr |
| 0.7 | NVDA | NVIDIA CDR | PairCorr |
| 0.55 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agnico Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agnico Eagle Mines to buy it.
The correlation of Agnico Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agnico Eagle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.