Agnico Eagle Mines Limited (NYSE:AEM) Shorts Strengthened By 62.51%

April 17, 2018 - By Patrick Harkless

Agnico Eagle Mines Limited (NYSE:AEM) Corporate Logo

Agnico Eagle Mines Limited (NYSE:AEM) had an increase of its shares shorted by 62.51%. In April was announced AEM’s total 3.50M shares shorted by FINRA. That’s 62.51% up from 2.16 million shares. Agnico Eagle Mines Limited (NYSE:AEM) has 1.54 million shares average volume. It’ll cost 2 days for AEM to recover its former position. Agnico Eagle Mines Limited float short is 1.52%.

AEM reached $45.22 on during the last trading session after $0.02 change.Currently Agnico Eagle Mines Limited is downtrending after 6.12% change in last April 17, 2017. AEM has 63,845 shares volume. AEM underperformed the S&P 500 by 17.67%.

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico.The company has $10.44 billion market cap. It operates through three divisions: Northern Business, Southern Business, and Exploration.43.07 is the 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

In total 5 analysts cover Agnico Eagle (NYSE:AEM). “Buy” rating has 2, “Sell” are 0, while 3 are “Hold”. 40% are bullish. With $57.0 highest and $41 lowest [Target] Agnico Eagle has $49.40 average [Target] or 9.24% above the current ($45.22) price. 9 are the (NYSE:AEM)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Monday, October 23 RBC Capital Markets maintained the shares of AEM in report with “Hold” rating. On Thursday, March 1 Citigroup maintained the shares of AEM in report with “Neutral” rating. On Tuesday, April 3 the rating was maintained by RBC Capital Markets with “Hold”. On Thursday, October 19 the stock of Agnico Eagle Mines Limited (NYSE:AEM) has “Hold” rating given by TD Securities. The company rating was upgraded by TD Securities on Wednesday, February 28. On Tuesday, November 14 the firm has “Hold” rating given by BMO Capital Markets. On Sunday, December 3 the firm has “Hold” rating by RBC Capital Markets given. On Friday, February 16 Scotia Capital maintained Agnico Eagle Mines Limited (NYSE:AEM) with “Buy” rating. The stock rating was upgraded by Citigroup to “Neutral” on Thursday, November 30.

Agnico Eagle Mines Limited (NYSE:AEM) Analyst Ratings Chart

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