Large Inflow of Money Witnessed in Agnico Eagle Mines Limited

Agnico Eagle Mines Limited (AEM) : Investors lapped up stocks on upticks to the tune of $10.22 million in the Thursdays trading session. The trading value on downticks was comparatively at $9.11 million and the uptick to downtick ratio of 1.12 indicates continuous buying by the bulls. The net money flow into the stock was $1.11 million. Upticks saw transactions worth $1.4 clearly indicating buying by large investors. The total money flow for block trades stood at $1.4 million, which is a positive for the stock in the long-term. Agnico Eagle Mines Limited (AEM) fell $1.3 during the day at $55.04, a drop of -2.31% over the previous days close. However, for the week, the stock is -1.01%, compared to the previous week.


Agnico Eagle Mines Limited (AEM) : Currently there are 12 street experts covering Agnico Eagle Mines Limited (AEM) stock. The most bullish and bearish price target for the stock is $60 and $33 respectively for the short term. The average price target of all the analysts comes to $46.45. The estimated standard deviation from the target is $8.73. The stock has recorded a 20-day Moving Average of 6.75% and the 50-Day Moving Average is 14.99%.

Agnico Eagle Mines Limited (NYSE:AEM): The stock opened at $55.54 on Thursday but the bulls could not build on the opening and the stock topped out at $55.81 for the day. The stock traded down to $54.61 during the day, due to lack of any buying support eventually closed down at $55.32 with a loss of -1.81% for the day. The stock had closed at $56.34 on the previous day. The total traded volume was 1,740,541 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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