Agnico Eagle Mines Limited June 15th Short Interest Update

Agnico Eagle Mines Limited (NYSE:AEM), A increase of 456,112 shares or 10.4% was observed in the short interest of Agnico Eagle Mines Ltd. The interest on June 15,2016 came in at 4,848,345 shares and as per the average daily trading of 2,519,271 shares, the days to cover are 2. The increased interest is 2.2% of the floated shares. The data of May 31,2016 put the interest at 4,392,233 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Agnico Eagle Mines Limited (NYSE:AEM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.45 and $50.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.03, notching a gain of 4.48% for the day. The total traded volume was 3,621,421 . The stock had closed at $49.80 on the previous day.

The company shares have rallied 79.17% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $52.79 and the one year low was seen on Aug 6, 2015. The 50-Day Moving Average price is $47.84 and the 200 Day Moving Average price is recorded at $37.38.

Agnico Eagle Mines Limited (NYSE:AEM) has climbed 3.6% in the past week and advanced 17.88% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.32% and the outperformance has advanced to 21.44% for the last 4 weeks period.

Agnico Eagle Mines Ltd is a Canada-based gold producer. The Company has mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, and exploration activities in Canada, Europe, Latin America and the United States. It operates through three business units: Northern Business, Southern Business and Exploration. Its Northern Business consists of the operations in Canada and Finland, which include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project. Its Southern Business consists of the Companys operations in Mexico. The Companys mining at Pinos Altos is conducted through its subsidiary, Agnico Eagle Mexico S.A. de C.V., which owns the Pinos Altos mine, including the Creston Mascota deposit. Its Exploration group focuses on the identification of new mineral reserves and resources, and new developments in stable and proven gold producing regions.

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