New Buy Rating for Agnico Eagle (AEM), the Basic Materials Giant
TipRanks (Fri, 1-Nov 4:05 PM ET)
Agnico Eagle (AEM) Receives a Buy from CIBC
TipRanks (Fri, 1-Nov 10:05 AM ET)
Agnico Eagle Achieves Record Cash Flow and Reduces Debt
TipRanks (Fri, 1-Nov 6:31 AM ET)
Agnico Eagle Mines Reports Strong Q3 2024 Performance
TipRanks (Fri, 1-Nov 12:01 AM ET)
Agnico Eagle declares $0.40 dividend
Seeking Alpha News (Thu, 31-Oct 10:23 AM ET)
TipRanks (Thu, 31-Oct 8:31 AM ET)
Scotiabank Sticks to Its Buy Rating for Agnico Eagle (AEM)
TipRanks (Thu, 31-Oct 8:30 AM ET)
Agnico Eagle Reports Strong Q3 Results and Expansion Plans
TipRanks (Wed, 30-Oct 5:25 PM ET)
Agnico Eagle reports Q3 results
Seeking Alpha News (Wed, 30-Oct 5:06 PM ET)
PRNewswire (Wed, 30-Oct 5:00 PM 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 November 1, 2024, AEM stock price declined to $85.80 with 1,452,530 million shares trading.
AEM has a beta of 0.69, meaning it tends to be less sensitive to market movements. AEM has a correlation of 0.09 to the broad based SPY ETF.
AEM has a market cap of $42.99 billion. This is considered a Large Cap stock.
In the last 3 years, AEM traded as high as $89.00 and as low as $36.69.
The top ETF exchange traded funds that AEM belongs to (by Net Assets): RAYD, GDX, DFIV, FTRI, DFIC.
AEM has outperformed the market in the last year with a price return of +86.3% while the SPY ETF gained +38.2%. AEM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.7% and +4.4%, respectively, while the SPY returned +4.0% and -1.9%, respectively.
AEM support price is $84.85 and resistance is $87.73 (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 shares will trade within this expected range on the day.