Agnico Eagle Mines Ltd (AEM): Today's Featured Basic Materials Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Agnico Eagle Mines (AEM) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.3%. By the end of trading, Agnico Eagle Mines rose $1.65 (5.1%) to $33.96 on heavy volume. Throughout the day, 3,409,677 shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 2,230,400 shares. The stock ranged in a price between $32.82-$34.50 after having opened the day at $33.08 as compared to the previous trading day's close of $32.31. Other companies within the Basic Materials sector that increased today were: Augusta Resource Corporation (AZC), up 29.4%, Banro Corporation (BAA), up 14.5%, Almaden Minerals (AAU), up 14.5% and Exeter Resource Corporation (XRA), up 13.2%.
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