Is it Time to Dump Agnico Eagle Mines Ltd (Ontario) (AEM) Stock After it Is Higher By 4.04% in a Week?

Agnico Eagle Mines Ltd (Ontario) (AEM) stock is up 4.04% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AEM Stock Today?

Agnico Eagle Mines Ltd (Ontario) (AEM) stock is trading at $58.67 as of 10:50 AM on Thursday, Mar 28, an increase of $0.82, or 1.41% from the previous closing price of $57.85. The stock has traded between $58.18 and $58.93 so far today. Volume today is low. So far 690,814 shares have traded compared to average volume of 3,387,670 shares.

More About Agnico Eagle Mines Ltd (Ontario)

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 (Ontario) stock.