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AI Analysis of AEM
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Evaluation of Agnico Eagle Mines Limited stock downgraded after the last trading session.
(Updated on Apr 22, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 10.41% PDF

The Agnico Eagle Mines Limited stock price fell by -2.47% on the last day (Monday, 22nd Apr 2024) from $63.84 to $62.26. During the last trading day the stock fluctuated 2.08% from a day low at $61.60 to a day high of $62.88. The price has risen in 6 of the last 10 days and is up by 1.82% over the past 2 weeks. Volume has increased on the last day by 637 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, 4 million shares were bought and sold for approximately $255.99 million.

The stock lies in the middle of a strong 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 38.53% during the next 3 months and, with a 90% probability hold a price between $80.92 and $88.84 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 $62.38. On a fall, the stock will find some support from the long-term average at approximately $58.36. 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. 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 Friday, April 19, 2024, and so far it has fallen -2.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

Agnico Eagle Mines Limited finds support from accumulated volume at $61.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.28 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 2.00%.

Our recommended stop-loss: $59.89 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AEM) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Agnico Eagle Mines Limited to open at $62.25, and during the day (based on 14 day Average True Range), to move between $60.64 and $63.88, which gives a possible trading interval of +/-$1.62 (+/-2.60%) 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 5.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $62.49 (0.37%) than the support at $61.45 (1.30%), 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.

Earnings coming up

Agnico Eagle Mines Limited will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.580. We will update the financials statements for Agnico Eagle Mines Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.80% in the first trading day after earnings release.

Is Agnico Eagle Mines Limited stock A Buy?

Agnico Eagle Mines Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.132 Hold/Accumulate Downgraded

Predicted Opening Price for Agnico Eagle Mines Limited of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$62.25 ( 0.0214%) $62.26

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
Resistance R3 63.53 2.03 %
R2 63.04 1.25 %
R1 62.74 0.764 %
Current price: 62.26
Support S1 61.76 -0.81 %
S2 61.46 -1.29 %
S3 60.97 -2.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 63.84 2.54 %
R2 63.47 1.94 %
R1 62.49 0.369 %
Current price 62.26
Support S1 61.45 -1.30%
S2 52.77 -15.24%
S3 48.62 -21.91%

AEM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 30, 2024 May 30, 2024 May 30, 2024 $0 0%
2 Feb 29, 2024 Feb 29, 2024 Mar 15, 2024 $0.400 0.715%
3 Nov 30, 2023 Nov 30, 2023 Nov 30, 2023 $0.400 0.745%
4 Jul 26, 2023 Aug 31, 2023 Sep 15, 2023 $0.400 0.81%
5 Apr 27, 2023 May 31, 2023 Jun 15, 2023 $0.400 0.793%

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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Apr 22, 2024, the price of an Agnico Eagle Mines Limited (AEM) share was $62.26.

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 $64.20 and the 52-week low is $43.22.

What is the market capitalization of Agnico Eagle Mines Limited Stock?
As of the Apr 22, 2024, the market capitalization of Agnico Eagle Mines Limited is 31.064B.

When is the next earnings date for Agnico Eagle Mines Limited?
The upcoming earnings date for Agnico Eagle Mines Limited is Apr 25, 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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