Trade-Ideas: Agnico Eagle Mines (AEM) Is Today's

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Trade-Ideas LLC identified Agnico Eagle Mines ( AEM) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Agnico Eagle Mines as such a stock due to the following factors:

  • AEM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $75.3 million.
  • AEM has traded 166,476 shares today.
  • AEM is up 3.5% today.
  • AEM was down 5% yesterday.

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More details on AEM:

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties. It primarily explores for gold, as well as for silver, copper, zinc, and lead. The stock currently has a dividend yield of 1%. AEM has a PE ratio of 82.2. Currently there are 10 analysts that rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Agnico Eagle Mines has been 2.2 million shares per day over the past 30 days. Agnico Eagle Mines has a market cap of $6.9 billion and is part of the basic materials sector and metals & mining industry. Shares are up 28.8% year-to-date as of the close of trading on Wednesday.

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