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Agnico Eagle Mines Limited (AEM): Don’t disregard this ominous signal

For the readers interested in the stock health of Agnico Eagle Mines Limited (AEM). It is currently valued at $49.07. When the transactions were called…

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This article was originally published by Invest Chronicle

For the readers interested in the stock health of Agnico Eagle Mines Limited (AEM). It is currently valued at $49.07. When the transactions were called off in the previous session, Stock hit the highs of $49.16, after setting-off with the price of $47.90. Company’s stock value dipped to $47.63 during the trading on the day. When the trading was stopped its value was $49.13.Recently in News on November 8, 2022, PAN AMERICAN AND AGNICO EAGLE CONFIRM TERMINATION OF THE GOLD FIELDS TRANSACTION AND ANNOUNCE ACTIVATION OF THE ARRANGEMENT AGREEMENT WITH YAMANA. Pan American Silver Corp. (TSX: PAAS) (NASDAQ: PAAS) (“Pan American”) and Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM)  (“Agnico Eagle”) are pleased to announce that the arrangement agreement with Yamana Gold Inc. (“Yamana”) which Yamana entered into earlier today (the “Pan American-Agnico Arrangement Agreement”) has become effective upon the termination today by Gold Fields Limited (“Gold Fields”) of the arrangement agreement between Yamana and Gold Fields entered into on May 31, 2022 (the “Gold Fields Arrangement Agreement”). The Pan American-Agnico Arrangement Agreement remains the same as previously announced by Pan American and Agnico Eagle earlier today, November 8, 2022. A copy of the press release issued earlier today is available under the SEDAR profiles (www.sedar.com) of Pan American and Agnico Eagle. You can read further details here

Agnico Eagle Mines Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $67.14 on 04/18/22, with the lowest value was $36.69 for the same time period, recorded on 09/26/22.

Agnico Eagle Mines Limited (AEM) full year performance was -7.20%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Agnico Eagle Mines Limited shares are logging -26.91% during the 52-week period from high price, and 33.76% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $36.69 and $67.14.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 775370 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Agnico Eagle Mines Limited (AEM) recorded performance in the market was -7.55%, having the revenues showcasing 7.48% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 22.14B, as it employees total of 6810 workers.

Analysts verdict on Agnico Eagle Mines Limited (AEM)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 43.38, with a change in the price was noted +3.33. In a similar fashion, Agnico Eagle Mines Limited posted a movement of +7.31% for the period of last 100 days, recording 3,209,407 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for AEM is recording 0.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.08.

Agnico Eagle Mines Limited (AEM): Technical Analysis

Raw Stochastic average of Agnico Eagle Mines Limited in the period of last 50 days is set at 95.31%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 93.07%. In the last 20 days, the company’s Stochastic %K was 89.75% and its Stochastic %D was recorded 84.78%.

Let’s take a glance in the erstwhile performances of Agnico Eagle Mines Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -7.55%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -10.74%, alongside a downfall of -7.20% for the period of the last 12 months. The shares increased approximately by 2.14% in the 7-day charts and went down by 16.04% in the period of the last 30 days. Common stock shares were driven by 7.48% during last recorded quarter.




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