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Where Will Agnico Eagle Mines Ltd (AEM) Stock Go Next After It Is Up 8.16% in a Week?

Thursday, July 29, 2021 10:43 AM | InvestorsObserver Analysts
Where Will Agnico Eagle Mines Ltd (AEM) Stock Go Next After It Is Up 8.16% in a Week?

Overall market sentiment has been high on Agnico Eagle Mines Ltd (AEM) stock lately. AEM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
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!

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. 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 is trading at $65.31 as of 10:42 AM on Thursday, Jul 29, an increase of $3.65, or 5.92% from the previous closing price of $61.66. The stock has traded between $63.25 and $65.60 so far today. Volume today is 977,371 compared to average volume of 1,272,616.

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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