Large Outflow of Money Witnessed in Agnico Eagle Mines Limited

Agnico Eagle Mines Limited (AEM) : Net money flow in Agnico Eagle Mines Limited (AEM) was negative ($1.33 million) and the inflow of money on uptick was $0.44 million, whereas, the outflow of money on downticks amounted to $1.78 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.25. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $1.15 million. The money flow in block trades was negative ($1.15). Agnico Eagle Mines Limited (AEM) gained $0.08 cent during the day and reached $56.15, a gain of 0.14% over the previous day.


Agnico Eagle Mines Limited is up 40.22% in the last 3-month period. Year-to-Date the stock performance stands at 114.22%. Shares of Agnico Eagle Mines Limited rose by 0.95% in the last five trading days and 11.01% for the last 4 weeks.

Agnico Eagle Mines Limited (NYSE:AEM): The stock was completely flat for the day, closing at $56.07 on Monday. The flat closing masks the intraday volatility in the stock. After opening at $55.97, the stock touched an intraday high of $56.22 and a low of $55.29. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $56.07. The total trading volume on Monday was 1,148,077.

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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