RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AEM
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Agnico Eagle Mines Limited stock downgraded to Hold/Accumulate
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 03, 2024 Gain 8.74% PDF

The Agnico Eagle Mines Limited stock price fell by -1.03% on the last day (Friday, 19th Jul 2024) from $74.94 to $74.17. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.67% from a day low at $72.79 to a day high of $74.73. The price has risen in 6 of the last 10 days and is up by 6.26% over the past 2 weeks. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $105.00 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.23% during the next 3 months and, with a 90% probability hold a price between $72.56 and $83.90 at the end of this 3-month period.

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AEM Signals & Forecast

The Agnico Eagle Mines Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $75.08. On a fall, the stock will find some support from the long-term average at approximately $68.24. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -3.03%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Agnico Eagle Mines Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $65.52 and $64.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Agnico Eagle Mines Limited finds support just below today's level at $65.52. If this is broken, then the next support from accumulated volume will be at $64.94 and $63.80.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.94 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 2.34%.

Our recommended stop-loss: $72.02 (-2.91%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (AEM) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Agnico Eagle Mines Limited to open at $73.90, and during the day (based on 14 day Average True Range), to move between $72.38 and $75.96, which gives a possible trading interval of +/-$1.79 (+/-2.42%) up or down from last closing price. If Agnico Eagle Mines Limited takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $74.62 (0.61%) than the support at $65.52 (11.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Agnico Eagle Mines Limited stock A Buy?

Agnico Eagle Mines Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.523 Hold/Accumulate Downgraded

Predicted Opening Price for Agnico Eagle Mines Limited of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$73.90 ( 0.369%) $74.17

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AEM

Fibonacci Support & Resistance Levels

Level Price
R3 75.84 2.25%
R2 75.10 1.25%
R1 74.64 0.631%
Price 74.17
S1 73.16 -1.37%
S2 72.70 -1.98%
S3 71.96 -2.98%

Accumulated Volume Support & Resistance Levels

Level Price
R3 76.49 3.13%
R2 74.75 0.782%
R1 74.62 0.607%
Price 74.17
S1 65.52 -11.66%
S2 64.94 -12.44%
S3 63.80 -13.98%

AEM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 29, 2024 Aug 29, 2024 Aug 29, 2024 $0 0%
2 Feb 15, 2024 May 31, 2024 Jun 14, 2024 $0.400 0.623%
3 May 30, 2024 May 30, 2024 May 30, 2024 $0 0%
4 Feb 29, 2024 Feb 29, 2024 Mar 15, 2024 $0.400 0.715%
5 Nov 30, 2023 Nov 30, 2023 Nov 30, 2023 $0.400 0.745%

FAQ

What is the symbol for Agnico Eagle Mines Limited Stock and on which exchange is it traded?
The symbol for Agnico Eagle Mines Limited is AEM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Agnico Eagle Mines Limited Stock?
Agnico Eagle Mines Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Agnico Eagle Mines Limited Stock?
Agnico Eagle Mines Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Agnico Eagle Mines Limited Stock.

What's the current price of Agnico Eagle Mines Limited Stock?
As of the end of day on the Jul 19, 2024, the price of an Agnico Eagle Mines Limited (AEM) share was $74.17.

What is the 52-week high and low for Agnico Eagle Mines Limited Stock?
The 52-week high for Agnico Eagle Mines Limited Stock is $77.04 and the 52-week low is $43.22.

What is the market capitalization of Agnico Eagle Mines Limited Stock?
As of the Jul 19, 2024, the market capitalization of Agnico Eagle Mines Limited is 36.951B.

When is the next earnings date for Agnico Eagle Mines Limited?
The upcoming earnings date for Agnico Eagle Mines Limited is Jul 31, 2024.
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About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021,... AEM Profile

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