Agnico Eagle Mines Limited (AEM) Hit a 52 Week High, Can the Run Continue?

Have you been paying attention to shares of Agnico Eagle Mines (AEM)? Shares have been on the move with the stock up 14.9% over the past month. The stock hit a new 52-week high of $137.19 in the previous session. Agnico has gained 73.6% since the start of the year compared to the 12.6% gain for the Zacks Basic Materials sector and the 72.3% return for the Zacks Mining - Gold industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on July 30, 2025, Agnico reported EPS of $1.94 versus consensus estimate of $1.83 while it beat the consensus revenue estimate by 10.3%.For the current fiscal year, Agnico is expected to post earnings of $6.94 per share on $10.68 in revenues. This represents a 64.07% change in EPS on a 28.91% change in revenues. For the next fiscal year, the company is expected to earn $6.92 per share on $10.97 in revenues. This represents a year-over-year change of -0.33% and 2.68%, respectively.Valuation MetricsWhile Agnico has moved to its 52-week high in the recent past, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.Agnico has a Value Score of C. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B.In terms of its value breakdown, the stock currently trades at 19.6X current fiscal year EPS estimates, which is a premium to the peer industry average of 13.5X. On a trailing cash flow basis, the stock currently trades at 18.8X versus its peer group's average of 13.1X. Additionally, the stock has a PEG ratio of 0.94. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, Agnico currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Agnico meets the list of requirements. Thus, it seems as though Agnico shares could still be poised for more gains ahead.How Does AEM Stack Up to the Competition?Shares of AEM have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Kinross Gold Corporation (KGC). KGC has a Zacks Rank of #1 (Strong Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of B.Earnings were strong last quarter. Kinross Gold Corporation beat our consensus estimate by 33.33%, and for the current fiscal year, KGC is expected to post earnings of $1.38 per share on revenue of $6.35 billion.Shares of Kinross Gold Corporation have gained 22.4% over the past month, and currently trade at a forward P/E of 13.64X and a P/CF of 11.62X.The Mining - Gold industry is in the top 24% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AEM and KGC, even beyond their own solid fundamental situation.Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks