Q1 2024 Earnings Estimate for Agnico Eagle Mines Limited Issued By Zacks Research - MarketBeat
| RDEMF Stock | USD 0.0001 0.00 0.00% |
Roughly 56% of Red Eagle's investor base is looking to short. The analysis of overall sentiment of trading Red Eagle Mining pink sheet suggests that many investors are alarmed at this time. The current market sentiment, together with Red Eagle's historical and current headlines, can help investors time the market. In addition, many technical investors use Red Eagle Mining stock news signals to limit their universe of possible portfolio assets.
Red Eagle pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Red daily returns and investor perception about the current price of Red Eagle Mining as well as its diversification or hedging effects on your existing portfolios.
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Q1 2024 Earnings Estimate for Agnico Eagle Mines Limited Issued By Zacks Research MarketBeat
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Red Eagle Fundamental Analysis
We analyze Red Eagle's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Red Eagle using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Red Eagle based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Red Eagle is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Red Eagle Mining Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Red Eagle pink sheet to make a market-neutral strategy. Peer analysis of Red Eagle could also be used in its relative valuation, which is a method of valuing Red Eagle by comparing valuation metrics with similar companies.
Peers
Red Eagle Related Equities
| GPTRF | Grande Portage | 6.67 | ||||
| AIRRF | Aurion Resources | 4.88 | ||||
| STPGF | Steppe Gold | 4.65 | ||||
| CRDOF | Cerrado Gold | 4.00 | ||||
| RUPRF | Rupert Resources | 0.71 | ||||
| WHGOF | White Gold | 6.67 | ||||
| GBRCF | Gold Bull | 13.04 |
Complementary Tools for Red Pink Sheet analysis
When running Red Eagle's price analysis, check to measure Red Eagle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Eagle is operating at the current time. Most of Red Eagle's value examination focuses on studying past and present price action to predict the probability of Red Eagle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Eagle's price. Additionally, you may evaluate how the addition of Red Eagle to your portfolios can decrease your overall portfolio volatility.
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