Agnico Eagle Mines Limited (NYSE:AEM) Shorted Shares Decreased By 4.47%

The stock of Agnico Eagle Mines Limited (NYSE:AEM) registered a decrease of 4.47% in short interest. AEM’s total short interest was 4.75 million shares in February as published by FINRA. Its down 4.47% from 4.97M shares, reported previously. With 2.87M shares average volume, it will take short sellers 2 days to cover their AEM’s short positions. The stock increased 0.12% or $0.04 on February 23, hitting $34.67. About 300 shares traded hands. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has risen 37.72% since July 17, 2015 and is uptrending. It has outperformed by 46.24% the S&P500.

Agnico Eagle Mines Ltd is a Canada-based gold producer. The company has a market cap of $7.45 billion. The Firm has mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut, and exploration activities in Canada, Europe, Latin America and the United States. It has 303.35 P/E ratio. It operates through three business units: Northern Business, Southern Business and Exploration.

Out of 20 analysts covering Agnico-Eagle Mines (NYSE:AEM), 15 rate it “Buy”, 2 “Sell”, while 5 “Hold”. This means 68% are positive. Agnico-Eagle Mines was the topic in 20 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on February 12 with “Overweight” rating.

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