November 23, 2016 - By Louis Casey · 0 Comments
The stock of Agnico Eagle Mines Limited (NYSE:AEM) registered an increase of 5.19% in short interest. AEM’s total short interest was 3.95 million shares in November as published by FINRA. Its up 5.19% from 3.76M shares, reported previously. With 1.75M shares average volume, it will take short sellers 2 days to cover their AEM’s short positions. The short interest to Agnico Eagle Mines Limited’s float is 1.77%. About 1.71M shares traded hands. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has risen 2.18% since April 21, 2016 and is uptrending. It has underperformed by 3.15% the S&P500.
Agnico Eagle Mines Limited is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The company has a market cap of $8.94 billion. The Firm operates through three business units. It has a 112.9 P/E ratio. The Northern Business consists of its activities in Canada and Finland.
Out of 14 analysts covering Agnico-Eagle Mines (NYSE:AEM), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. Agnico-Eagle Mines has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained the shares of AEM in a report on Monday, August 24 with “Buy” rating. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Overweight” rating given on Thursday, January 14 by Barclays Capital. The stock has “Hold” rating given by HSBC on Monday, October 26. The firm earned “Neutral” rating on Monday, March 28 by UBS. The rating was upgraded by Macquarie Research to “Outperform” on Monday, November 2. The firm has “Overweight” rating by Barclays Capital given on Friday, February 12. As per Friday, July 24, the company rating was initiated by IBC. As per Tuesday, February 2, the company rating was downgraded by Desjardins Securities. JP Morgan downgraded Agnico Eagle Mines Ltd (USA) (NYSE:AEM) rating on Monday, April 18. JP Morgan has “Neutral” rating and $39 price target. The rating was downgraded by TD Securities on Wednesday, January 13 to “Hold”.
Agnico Eagle Mines Limited (Agnico Eagle), incorporated on June 1, 1972, is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Firm operates through three business units: Northern Business, Southern Business and Exploration. The Company’s Northern Business consists of the Company’s activities in Canada and Finland. The Company’s Canadian properties include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project, each of which is held directly by the Company, and an interest in the Canadian Malartic Mine, which is held indirectly through a subsidiary of the Company and Canadian Malartic Corporation. The Company’s activities in Finland are conducted through its indirect subsidiary, Agnico Eagle Finland Oy, which owns the Kittila mine. The Company’s Southern Business consists of the Company’s activities in Mexico. The Company’s Pinos Altos mine, including the Creston Mascota deposit, is held through its subsidiary, Agnico Eagle Mexico S.A. de C.V. The La India mine is owned by the Company’s indirect subsidiary, Agnico Sonora, S.A. de C.V.
More notable recent Agnico Eagle Mines Ltd (USA) (NYSE:AEM) news were published by: Investorplace.com which released: “Why Alexion Pharmaceuticals, Inc. (ALXN), Archer Daniels Midland Company (ADM …” on November 11, 2016, also Fool.ca with their article: “Agnico Eagle Mines Ltd. Will Grow Gold Production Like a Weed” published on September 19, 2016, Fool.ca published: “Agnico Eagle Mines Ltd. Was Downgraded 3 Times This Summer: Should You Sell?” on September 07, 2016. More interesting news about Agnico Eagle Mines Ltd (USA) (NYSE:AEM) were released by: Fool.ca and their article: “Agnico Eagle Mines Ltd.: Should You Buy This Gold Stock?” published on December 16, 2015 as well as Fool.ca‘s news article titled: “Should You Buy Shares of Agnico Eagle Mines Ltd. Today?” with publication date: February 13, 2015.
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By Louis Casey