Large Inflow of Money Detected in Agnico Eagle Mines Limited

Agnico Eagle Mines Limited (AEM) : Thursdays money flow indicated an uptick to downtick ratio was at 1.09. The total value of inflow transactions on upticks was $23.39 million, whereas, the total value of outflow trades on downticks was $21.4 million. The total money flow was $1.99 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.54 million. The total value of the trades done on upticks was $1.54 million. Agnico Eagle Mines Limited (AEM) was trading with a -1.46% change over previous days close. It fell $0.83 during the day and reached $55.98. The stock was 0.25% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 5.75% and the 50-Day Moving Average is 13.81%. Shares have rallied 102.55% 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 $50.39 and the 200 Day Moving Average price is recorded at $39.66.

Agnico Eagle Mines Limited (NYSE:AEM): The stock opened at $55.33 on Thursday but the bulls could not build on the opening and the stock topped out at $56.10 for the day. The stock traded down to $54.58 during the day, due to lack of any buying support eventually closed down at $56.08 with a loss of -1.28% for the day. The stock had closed at $56.81 on the previous day. The total traded volume was 2,138,331 shares.

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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