In the latest market close, Agnico Eagle Mines (AEM) reached $122.06, with a -1.25% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.53%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.83%.

Shares of the gold mining company have appreciated by 5.38% over the course of the past month, outperforming the Basic Materials sector's gain of 4.61% and the S&P 500's gain of 5.17%.

Market participants will be closely following the financial results of Agnico Eagle Mines in its upcoming release. The company is forecasted to report an EPS of $1.45, showcasing a 35.51% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.55 billion, indicating a 22.94% increase compared to the same quarter of the previous year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.03 per share and a revenue of $10.19 billion, indicating changes of +42.55% and +23%, respectively, from the former year.

Investors should also take note of any recent adjustments to analyst estimates for Agnico Eagle Mines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.18% higher. Agnico Eagle Mines is currently sporting a Zacks Rank of #2 (Buy).

In the context of valuation, Agnico Eagle Mines is at present trading with a Forward P/E ratio of 20.51. This expresses a premium compared to the average Forward P/E of 13.22 of its industry.

We can additionally observe that AEM currently boasts a PEG ratio of 1.08. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.65.

The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 28, positioning it in the top 12% of all 250+ industries.