Agnico Eagle Mines Limited (AEM) Shares are Up 0.93%

Agnico Eagle Mines Limited (AEM) : Traders are bullish on Agnico Eagle Mines Limited (AEM) as it has outperformed the S&P 500 by a wide margin of 3.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.93% in the last 1 week, and is up 4.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.56% and the 50-Day Moving Average is 8.46%. Agnico Eagle Mines Limited (NYSE:AEM): On Fridays trading session , Opening price of the stock was $59.36 with an intraday high of $59.74. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $58.29. However, the stock managed to close at $58.46, a loss of 0.22% for the day. On the previous day, the stock had closed at $58.59. The total traded volume of the day was 1,349,154 shares.


The company Insiders own 0.51% of Agnico Eagle Mines Limited shares according to the proxy statements. Institutional Investors own 60.6% of Agnico Eagle Mines Limited shares. Also, RBC Capital downgrades their rating on the shares of Agnico Eagle Mines Limited (NYSE:AEM). The current rating of the shares is Sector Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 8, 2016.

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.

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