Agnico Eagle Mines is a gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of exploration and development projects in these countries as well as in the U.S. and Colombia. Co. operates through three business units: Northern Business, Southern Business and Exploration. Co.'s Northern Business is comprised of its operations in Canada and Finland. Co.'s Southern Business is comprised of its operations in Mexico. Co.'s Exploration group focuses primarily on the identification of new mineral reserves and mineral resources and new development opportunities in politically stable and proven gold producing regions. We show 15 historical shares outstanding datapoints in our AEM shares outstanding history coverage, used to compute AEM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing AEM market cap history over the course of time is important for investors
interested in comparing AEM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of AEM versus a peer is one thing; comparing
AEM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like AEM can fluctuate over the course of history.
With this page we aim to empower investors researching AEM by allowing them to research the AEM market cap history. |
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Video: The Importance of Market Cap
