On a relative basis, the stock has outperformed the S&P 500 by 8.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.43% in the last 1 week, and is up 10.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 103.65% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $56.50 and the one year low was seen on Aug 6, 2015. The 50-Day Moving Average price is $50.11 and the 200 Day Moving Average price is recorded at $39.26.
The stock has recorded a 20-day Moving Average of 7.26% and the 50-Day Moving Average is 15.39%.
Agnico Eagle Mines Limited (NYSE:AEM): stock turned positive on Friday. Though the stock opened at $55.32, the bulls momentum made the stock top out at $56.01 level for the day. The stock recorded a low of $54.64 and closed the trading day at $55.84, in the green by 0.94%. The total traded volume for the day was 1,520,349. The stock had closed at $55.32 in the previous days trading.
Agnico Eagle Mines Ltd is a Canada-based gold producer. The Company has mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, and exploration activities in Canada, Europe, Latin America and the United States. It operates through three business units: Northern Business, Southern Business and Exploration. Its Northern Business consists of the operations in Canada and Finland, which include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project. Its Southern Business consists of the Companys operations in Mexico. The Companys mining at Pinos Altos is conducted through its subsidiary, Agnico Eagle Mexico S.A. de C.V., which owns the Pinos Altos mine, including the Creston Mascota deposit. Its Exploration group focuses on the identification of new mineral reserves and resources, and new developments in stable and proven gold producing regions.