Large Outflow of Money Witnessed in Agnico Eagle Mines Limited

Agnico Eagle Mines Limited (NYSE:AEM) During the most recent session, the shares traded at 0.84 points or 1.66% higher at $51.43. The money flow data is unimpressive with the net money flow value of $(-4.98) million. As per the intraday data, the upticks measured $23.16 million and the downticks measured $28.14 million. As a result, the up/down ratio registered a value of 0.82. The shares have seen 2.53% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $3.63 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-3.63) million.


Currently the company Insiders own 0.51% of Agnico Eagle Mines Limited shares according to the proxy statements. Institutional Investors own 62.72% of Agnico Eagle Mines Limited shares.

Agnico Eagle Mines Limited (NYSE:AEM) : On Monday heightened volatility was witnessed in Agnico Eagle Mines Limited (NYSE:AEM) which led to swings in the share price. The stock opened for trading at $51.58 and hit $52.1 on the upside , eventually ending the session at $51.43, with a gain of 1.66% or 0.84 points. The heightened volatility saw the trading volume jump to 2,498,028 shares. The 52-week high of the share price is $52.1 and the company has a market cap of $11,339 million. The 52-week low of the share price is at $21 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, BMO Capital downgrades its ratings on Agnico Eagle Mines Limited (NYSE:AEM). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 12, 2016.

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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