Can Agnico Eagle Mines Limited (NYSE:AEM)’s Tomorrow be Different? The Stock Had Increase in Shorts

April 17, 2018 - By Stephen Andrade

Agnico Eagle Mines Limited (NYSE:AEM) Logo

The stock of Agnico Eagle Mines Limited (NYSE:AEM) registered an increase of 62.51% in short interest. AEM’s total short interest was 3.50 million shares in April as published by FINRA. Its up 62.51% from 2.16M shares, reported previously. With 1.54M 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 1.52%.

The stock increased 0.40% or $0.18 during the last trading session, reaching $45.38. About 233,420 shares traded. Agnico Eagle Mines Limited (NYSE:AEM) has declined 6.12% since April 17, 2017 and is downtrending. It has underperformed by 17.67% the S&P500.

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. The company has market cap of $10.47 billion. It operates through three divisions: Northern Business, Southern Business, and Exploration. It has a 43.22 P/E ratio. The firm primarily produces and sells gold, as well as explores for silver, zinc, and copper.

Agnico Eagle Mines Limited (NYSE:AEM) Ratings Coverage

Among 5 analysts covering Agnico Eagle (NYSE:AEM), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Agnico Eagle has $57.0 highest and $41 lowest target. $49.40’s average target is 8.86% above currents $45.38 stock price. Agnico Eagle had 9 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, December 3. As per Tuesday, November 14, the company rating was maintained by BMO Capital Markets. On Monday, October 23 the stock rating was maintained by RBC Capital Markets with “Hold”. Scotia Capital maintained the shares of AEM in report on Friday, February 16 with “Buy” rating. The firm earned “Neutral” rating on Thursday, November 30 by Citigroup. The firm has “Neutral” rating by Citigroup given on Thursday, March 1. On Tuesday, April 3 the stock rating was maintained by RBC Capital Markets with “Hold”. On Thursday, October 19 the stock rating was maintained by TD Securities with “Hold”. As per Wednesday, February 28, the company rating was upgraded by TD Securities.

Agnico Eagle Mines Limited (NYSE:AEM) Ratings Chart

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