Stocks in Concern on New Development: The Boeing Company (NYSE:BA), Agnico Eagle Mines (NYSE:AEM)

Shares of The Boeing Company (NYSE:BA) [Trend Analysis] runs in leading trade, it moving up 0.05% to traded at $152.24. The firm has price volatility of 1.42% for a week and 1.49% for a month. Its beta stands at 1.05 times. Boeing Co. (BA) declared that it decided to acquire Liquid Robotics, a market leader in autonomous maritime systems and developer of the Wave Glider ocean surface robot, to grow its seabed-to-space autonomous capabilities.

In September 2014, Boeing and Liquid Robotics entered into a teaming agreement resulting in extensive integration on the Sensor Hosting Autonomous Remote Craft (SHARC), a version of the Wave Glider. The SHARC, integrated with Boeing’s advanced sensors, connects intelligence, surveillance and reconnaissance capabilities ranging from satellites to manned and unmanned aircraft to sub-surface crafts.

Narrow down four to firm performance, its weekly performance was 0.40% and monthly performance was 9.94%. The stock price of BA is moving up from its 20 days moving average with 2.63% and isolated positively from 50 days moving average with 8.43%.

Agnico Eagle Mines Limited (NYSE:AEM) [Trend Analysis] luring active investment momentum, shares a decrease -0.98% to $40.51. Agnico Eagle Mines Limited (NYSE:AEM) released that it has entered into a share purchase agreement with G4G Capital Corp., which is proposed to be renamed White Gold Corp., pursuant to which Agnico Eagle has agreed to purchase from the Issuer on a private placement basis such number of common shares of the Issuer equal to 19.93% of the total issued and outstanding Common Shares on a non-diluted basis as at the closing of the Transaction (after giving effect to the Transaction and other permitted treasury issuances of Common Shares that occur prior to, or concurrently with, the closing of the Transaction). Agnico Eagle will pay $1.20 per Common Share. Closing of the Transaction is expected to occur on or about December 13, 2016 and is subject to certain conditions.

On closing of the Transaction, Agnico Eagle and the Issuer will enter into an investor rights agreement pursuant to which Agnico Eagle will (i) have the right to participate in certain equity financings by the Issuer in order to maintain its 19.93% interest in the Issuer, and (ii) have the right to nominate one person to the board of directors of the Issuer. The total volume of 1.38 Million shares held in the session was surprisingly higher than its average volume of 2100.37 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -73.20%, and looking further price to next year’s EPS is 81.46%. While take a short look on price to sales ratio, that was 4.20 and price to earning ratio of 114.11 attracting passive investors.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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