Red Robin: Surprise Surprise Genworth Financial, Inc. (GNW), Agnico Eagle Mines Limited (AEM)?

Genworth Financial, Inc. (NYSE:GNW) average daily volatility for this week is 5.61% which is more than the 4.67% recorded over the past month. Its shares dropped by -24.1% or -$1.21 from its last recorded high of $5.02 which it attained on January 18 to close at $3.81 per share. Over the past 52 weeks, the shares of Genworth Financial, Inc. has been trading as low as $2.66 before witnessing a massive surge by 43.23% or $1.15. This price movement has led to the GNW stock receiving more attention and has become one to watch out for. It dipped by -3.05% on Thursday and this got the market worried. The stock’s beta now stands at 1.51 and when compared to its 200-day moving average and its 50-day moving average, GNW price stands -13.55% below and -15.37% below respectively.

Genworth Financial, Inc. (GNW) rose 0.26% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 28.72% and is now down by -18.24% since start of this year. A look at its monthly performance shows that the stock has recorded a -17.35% fall over the past 30 days. Its equity price dipped by -11.6% over the past three months which led to its overall six-month decrease to stand at -16.26%.

Experts from research firms are bullish about the near-term performance of Genworth Financial, Inc. with most of them predicting a $4.5 price target on a short-term (12 months) basis. The average price target by the analysts will see a 18.11% rise in the stock and would lead to GNW’s market cap to surge to $2.36B. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 4 analysts that track Genworth Financial, Inc. (NYSE:GNW) and find out that 4 of them rated it as a Hold. 0 of the 0 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at GNW technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 37.07 point. Its trading volume has lost -1991594 shares compared to readings over the past three months as it recently exchanged 2718406 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 4710000 shares, and this is 0.58 times the normal volume.

The price of Agnico Eagle Mines Limited (NYSE:AEM) currently stands at $43.62 after it went down by $-1.05 or -2.35% and has found a strong support at $43.38 a share. If the AEM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $43.15 mark would also be bad for the stock as it means that the stock would plunge by 1.08% from its current position. However, if the stock price is able to trade above the resistance point around $44, then it could likely surge higher to try and break the upward resistance which stands at $44.39 a share. Its average daily volatility over the past one month stands at 2.07%. The stock has plunged by 0.21% from its 52-weeks high of $43.53 which it reached on May. 07, 2018. In general, it is 26.23% above its 52-weeks lowest point which stands at $32.18 and this setback was observed on Jul. 09, 2018.

Analysts have predicted a price target for Agnico Eagle Mines Limited (AEM) for 1 year and it stands at an average $50.11/share. This means that it would likely increase by 14.88% from its current position. The current price of the stock has been moving between $43.53 and $44.1501. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $41. On the other hand, one analyst is super bullish about the price, setting a target as high as $56.

The AEM stock Stochastic Oscillator (%D) is at 88.56%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 4.54 which compares to the 1.22 recorded by the industry or the 2.68 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 38.91, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -10.6% over the past five years.

Analysts view Agnico Eagle Mines Limited (NYSE:AEM) as a Buy, with 2 consensus rating. Reuters surveyed 19 analysts that follow AEM and found that 4 of those analysts rated the stock as a Hold. The remaining 15 were divided, with 15 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Agnico Eagle Mines Limited (AEM) shares or sell it if they already own it.