28-Mar-2024
Agnico Eagle Mines Announces 2024 Shareholder Meeting
TipRanks (Tue, 26-Mar 12:57 PM ET)
Agnico Eagle Announces Q1 2024 Results and AGM
TipRanks (Mon, 25-Mar 2:57 PM ET)
Agnico Eagle’s Q1 2024 Results and Annual Meeting
TipRanks (Mon, 25-Mar 10:07 AM ET)
PRNewswire (Mon, 25-Mar 7:30 AM ET)
AGNICO EAGLE ANNOUNCES PURCHASE OF COMMON SHARES OF PRISM RESOURCES INC.
PRNewswire (Wed, 28-Feb 5:00 PM ET)
Globe Newswire (Thu, 22-Feb 7:00 AM ET)
PRNewswire (Thu, 15-Feb 5:30 PM ET)
PRNewswire (Thu, 15-Feb 5:00 PM ET)
Capella Provides Update on Central Finland Lithium Project
PRNewswire (Wed, 10-Jan 9:30 AM ET)
PRNewswire (Mon, 8-Jan 7:30 AM ET)
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
Agnico Eagle Mines trades on the NYSE stock market under the symbol AEM.
As of March 28, 2024, AEM stock price climbed to $59.65 with 4,612,685 million shares trading.
AEM has a beta of 0.60, meaning it tends to be less sensitive to market movements. AEM has a correlation of 0.05 to the broad based SPY ETF.
AEM has a market cap of $29.72 billion. This is considered a Large Cap stock.
Last quarter Agnico Eagle Mines reported $2 billion in Revenue and $.57 earnings per share. This beat revenue expectation by $112 million and exceeded earnings estimates by $.07.
In the last 3 years, AEM stock traded as high as $74.50 and as low as $36.69.
The top ETF exchange traded funds that AEM belongs to (by Net Assets): GDX, DIVO, DFIV, FTRI, DFIC.
AEM has underperformed the market in the last year with a return of +18.9%, while the SPY ETF gained +33.6%. In the last 3 month period, AEM fell short of the market, returning +7.2%, while SPY returned +10.1%. However, in the most recent 2 weeks AEM has outperformed the stock market by returning +6.1%, while SPY returned +1.7%.
AEM support price is $56.72 and resistance is $58.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AEM stock will trade within this expected range on the day.