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Agnico-Eagle Mines Makes a Move: Down 5.3%

Published on Fri, 07/05/2013 - 10:25
By Adrienne Chilton

Down 5.3% to $26.40, Agnico-Eagle Mines (NYSE:AEM), is one of today's notable movers. The Dow Jones Industrial Average is now trading fractionally higher to 14,996 and the S&P is trading 0.2% higher to 1,618.

Agnico-Eagle Mines share prices have moved between a 52-week high of $57.35 and a 52-week low of $25.00 and are now trading 6% above that low price at $26.40 per share. The 200-day and 50-day moving averages have moved 0.73% lower and 0.91% lower over the past week, respectively.

Agnico-Eagle Mines (NYSE:AEM) has potential upside of 61.5% based on a current price of $26.40 and analysts' consensus price target of $42.65. The stock should find initial resistance at its 50-day moving average (MA) of $29.95 and further resistance at its 200-day MA of $43.24.

Agnico-Eagle Mines Limited is a gold producer with operations primarily in Quebec, Canada. The Company also conducts exploration and development activities in Ontario, Canada, and Nevada in the United States. Agnico-Eagle's gold production is primarily from underground mining operations.

By Adrienne Chilton