You should consider shares of Agnico Eagle Mines Limited (NYSE:AEM) and SciPlay Corporation (NASDAQ:SCPL) if you are looking for a great stocks to invest in. Starting with the AEM shares, which traded at $61.69 at the close of the recent session, gaining 2.71%. On Tuesday, the company’s shares shed $1.63 from its value which represented in intraday trading. The stock is now 75.65% higher in year-to-date (YTD) trading. AEM’s intraday high was $63.28 while its lowest price touched $60.96. The stock’s 52-week high price is $64.88, which means the current price is at -4.92%. In terms of trading activity, the daily trading volume rose to 2111491 against 200-day average trading volume of 1,417,917 shares.
What are analyst forecasts for Agnico Eagle Mines Limited (NYSE:AEM)?
At a consensus rating of 4.00, AEM is trending as a streaking Moderate Buy, as it has been the case a month ago when 7 analysts called it a Moderate Buy. Two months ago, 7 analysts recommended, on average, that AEM stock is a Moderate Buy. The Basic Materials company’s shares’ overall bullish trend saw it close lower on Tuesday compared to its opening price of $61.00 on the day.
Forecasts for Agnico Eagle Mines Limited (NYSE:AEM) give the stock a fair value for the growth of 12.92% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $70.84, which means the price per share could rise by nearly $9.15. The price range target is between a low of $53.00 and a high of $74.90. The stock would need to gain by about $17.64 to hit the estimated high or 0.57% from its 12-month low.
The consensus among 17 analysts is that it is a good time for one to Overweight in the Agnico Eagle Mines Limited. 11 analysts rate AEM as a Buy, with 0 of 17 analysts rate it as a Sell. 2 have valued the stock as Overweight and 3 have recommended that investors Hold.
Agnico Eagle Mines Limited (NYSE:AEM) Upgrades and Downgrades
In terms of rating changes, Desjardins on April 12, 2019, Downgrade Agnico Eagle Mines Limited (AEM) at Hold. Analysts at Credit Suisse have assigned a Outperform rating for the stock in their research note on September 10, 2018. Moreover, National Bank Financial analysts issued a rating of Outperform for the stock on August 09, 2018. On July 30, 2018, the stock earned a Outperform rating due to an analyst call from RBC Capital Mkts, while analysts from TD Securities on February 28, 2018 suggested that the stock is Buy.
SciPlay Corporation (NASDAQ:SCPL) adds $0.31 on Tuesday
The SCPL stock has tanked -17.84% year-to-date and is currently trading at $12.53, which is -33.17% below its 52-week high. The company shares gained 2.54% on the day and have risen nearly 51.69% off a low hit. At current levels, SciPlay Corporation has a valuation of about $466.60M. As of 12/03/19, this stock has risen 22.24% during the week and closed at $12.22 in the previous session. However, recent SciPlay Corporation stock performance shows that SCPL shares are 29.44% up over the last month, and 33.72% up for the last three months.
Over the next 5-year period, earnings per share will be 66.82%. But will the SCPL stock surprise in the current quarter results, where the $0.2 actual EPS reported on 9/29/2019 surprised by -16.70% or was lower by -$0.04 from the estimated $0.24.
Sales Growth to climb 9.80% for the year
How well will SciPlay Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $117.54M and $122.1M in current quarter sales. The consensus estimated for the current quarter is $120.11M from sales. Forecasts for this fiscal year are between $470.44M and $475M and the consensus estimate for sales is at $473M. SCPL has its next quarter sales estimates at between $121.1M and $130.24M, with the quarter-over-quarter growth estimates at 5.10% and the annual growth forecast for the year at 9.80%.
Who owns shares in SciPlay Corporation (SCPL)?
Park West Asset Management LLC tops the list of institutional owners as it is holding 3.33 million shares or 14.66% of shares outstanding. Ameriprise Financial, Inc. and Vanguard Group, Inc. (The) held 2.11 million and 1.91 million representing 9.30% and 8.42% respectively at the close of the last trading session. As of Sep 29, 2019, SG Capital Management, LLC accounted for 1.87 million shares at over 19.98 million. This represented 8.22% of shares outstanding. JP Morgan Chase & Company held 1.36 million shares at over 14.54 million representing 5.98% of shares outstanding.
SCPL Insider Activity
On 6/13/2019, by the name Park West Asset Management Llc bought 250000.0 shares worth $3.4 million at the price of $13.52 per share. Filings also show that Park West Asset Management Llc bought a total of 79709.0 shares on 6/14/2019 valued at $1000000.0. Since the last insider activity, the company’s share price has dropped -9.14%.