Where Will Agnico Eagle Mines Ltd (AEM) Stock Go Next After It Is Lower By 9.31% in a Week?

The market has been down on Agnico Eagle Mines Ltd (AEM) stock recently. AEM gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Agnico Eagle Mines Ltd has a Bearish 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?

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With AEM Stock Today?

Agnico Eagle Mines Ltd (AEM) stock is up 1.46% while the S&P 500 has fallen -0.84% as of 1:23 PM on Tuesday, Jul 26. AEM has gained $0.56 from the previous closing price of $38.42 on volume of 4,731,143 shares. Over the past year the S&P 500 is lower by -11.06% while AEM has fallen -36.22%. AEM earned $1.95 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.04. 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.