The Past Three Years for Agnico Eagle Mines (NYSE:AEM) Investors Has Not Been Profitable
The Past Three Years for Agnico Eagle Mines (NYSE:AEM) Investors Has Not Been Profitable
For many investors, the main point of stock picking is to generate higher returns than the overall market. But the risk of stock picking is that you will likely buy under-performing companies. We regret to report that long term Agnico Eagle Mines Limited (NYSE:AEM) shareholders have had that experience, with the share price dropping 43% in three years, versus a market return of about 19%.
对于许多投资者来说,选股的重点是创造比整个市场更高的回报。但是选股的风险在于,你可能会收购表现不佳的公司。从长远来看,我们很遗憾地向大家报告 Agnico Eagle Mines 有限公司 纽约证券交易所代码:AEM)的股东也有过这样的经历,股价在三年内下跌了43%,而市场回报率约为19%。
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.
因此,让我们来看看公司的长期表现是否与基础业务的进展一致。
See our latest analysis for Agnico Eagle Mines
查看我们对 Agnico Eagle Mines 的最新分析
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
不可否认,市场有时是有效的,但价格并不总是能反映潜在的业务表现。研究市场情绪如何随着时间的推移而变化的一种方法是研究公司股价与其每股收益(EPS)之间的相互作用。
During the unfortunate three years of share price decline, Agnico Eagle Mines actually saw its earnings per share (EPS) improve by 24% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or else the company was over-hyped in the past, and so its growth has disappointed.
在不幸的三年股价下跌中,Agnico Eagle Mines的每股收益(EPS)实际上每年增长24%。鉴于股价反应,人们可能会怀疑每股收益并不能很好地指导该期间的业务表现(可能是由于一次性亏损或收益)。否则,该公司过去曾被过度炒作,因此其增长令人失望。
Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.
由于每股收益的变化似乎与股价的变化无关,因此值得一看其他指标。
Revenue is actually up 26% over the three years, so the share price drop doesn't seem to hinge on revenue, either. It's probably worth investigating Agnico Eagle Mines further; while we may be missing something on this analysis, there might also be an opportunity.
在过去的三年中,收入实际上增长了26%,因此股价的下跌似乎也不取决于收入。可能值得进一步调查Agnico Eagle Mines;尽管我们在本次分析中可能遗漏了一些东西,但也可能有机会。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收入和收入随时间推移的跟踪情况(如果您点击图片,可以看到更多细节)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231103/0-5ea735b066f8355b81950b78754a508e-0-c2cba83c4bd9adca7e7454e76c4e624a.png/big)
It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. You can see what analysts are predicting for Agnico Eagle Mines in this interactive graph of future profit estimates.
很高兴看到在过去三个月中出现了一些大规模的内幕买盘。这是积极的。也就是说,我们认为收益和收入增长趋势是更重要的考虑因素。你可以在这篇文章中看到分析师对Agnico Eagle Mines的预测 互动的 未来利润估计图。
What About Dividends?
分红呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Agnico Eagle Mines, it has a TSR of -38% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!
在考虑投资回报时,重要的是要考虑两者之间的区别 股东总回报 (TSR) 和 股价回报。基于股息再投资的假设,股东总回报率包括任何分拆或贴现资本筹集的价值,以及任何股息。可以说,股东总回报率可以更全面地描述股票产生的回报。就Agnico Eagle Mines而言,其过去3年的股东总回报率为-38%。这超过了我们之前提到的股价回报率。而且,猜测股息支付在很大程度上解释了这种差异是没有好处的!
A Different Perspective
不同的视角
It's good to see that Agnico Eagle Mines has rewarded shareholders with a total shareholder return of 20% in the last twelve months. And that does include the dividend. That gain is better than the annual TSR over five years, which is 8%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Agnico Eagle Mines (at least 1 which makes us a bit uncomfortable) , and understanding them should be part of your investment process.
很高兴看到Agnico Eagle Mines在过去十二个月中向股东提供了20%的股东总回报率。这确实包括股息。该增幅优于五年内的年度股东总回报率,后者为8%。因此,最近公司周围的情绪似乎一直乐观。持乐观观点的人可能会将最近股东总回报率的改善视为业务本身随着时间的推移而变得越来越好。我发现从长远来看,将股价视为业务表现的代表非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。例如,以永远存在的投资风险幽灵为例。 我们已经确定了 4 个警告信号 使用 Agnico Eagle Mines(至少 1 个,这让我们有点不舒服),了解它们应该是你投资过程的一部分。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
还有很多其他公司有内部人士买入股票。你可能这样做 不 想错过这个 免费的 内部人士正在收购的成长型公司名单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
请注意,本文引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。
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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。