Agnico Eagle Mines Limited (AEM) Shares are Down -0.28%

Agnico Eagle Mines Limited (AEM) has risen sharply, recording gains of 1.14% in the past 4 weeks. However, the stock has corrected -0.28% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.68% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 1.37%.The 200 Day SMA reached 24.87%

Agnico

Agnico Eagle Mines Limited (NYSE:AEM): The stock opened in the green at $55.76 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $56.08 and a low of $54.08 for the day. The stock did not find buyers even at the lows and closed at $54.18 recording a loss of -1.76%. 1,886,573 shares exchanged hands during the trading day. The stock had closed at $54.18 in the previous days trading.

Agnico Eagle Mines Limited (AEM) : 10 Wall Street analysts covering Agnico Eagle Mines Limited (AEM) believe that the average level the stock could reach for the short term is $58.63. The maximum price target given is $68 and the minimum target for short term is around $37, hence the standard deviation is calculated at $9.47.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.