Is it Time to Dump Agnico Eagle Mines Ltd (AEM) Stock After it Is Up 0.37% in a Week?

Monday, January 03, 2022 11:19 AM | InvestorsObserver Analysts

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Agnico Eagle Mines Ltd (AEM) stock is up 0.37% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Agnico Eagle Mines Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AEM!
See Full AEM Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With AEM Stock Today?

Agnico Eagle Mines Ltd (AEM) stock has fallen -2.84% while the S&P 500 is higher by 0.13% as of 11:16 AM on Monday, Jan 3. AEM has fallen -$1.51 from the previous closing price of $53.14 on volume of 519,009 shares. Over the past year the S&P 500 is up 28.96% while AEM has fallen -31.32%. AEM earned $2.64 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.57. To see InvestorsObserver's Sentiment Score for Agnico Eagle Mines Ltd click here.

More About Agnico Eagle Mines Ltd

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions. Click Here to get the full Stock Report for Agnico Eagle Mines Ltd stock.

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