Agnico Eagle Mines AEM
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Agnico Eagle Mines (AEM) Business Model and Operations Summary
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2024 and had about 15 years of gold reserves at end 2024. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
Key Insights
Agnico Eagle Mines (AEM) Core Market Data and Business Metrics
Latest Closing Price
$107.53Market Cap
$54.10 BillionTotal Outstanding Shares
502.94 Million SharesTotal Employees
16,968Dividend
$0.40 Per Share QuarterlyIPO Date
February 10, 2000Primary Exchange
New York Stock Exchange
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 2,810,297 Shares | 2.71 | 3/14/2025 | 7,611,976 Shares |
| 2,849,360 Shares | 2.25 | 2/28/2025 | 6,400,113 Shares |
| 2,885,226 Shares | 1.81 | 2/14/2025 | 5,230,413 Shares |
| 1,861,943 Shares | 2.79 | 1/31/2025 | 5,195,885 Shares |
| 1,490,872 Shares | 2.76 | 1/15/2025 | 4,113,689 Shares |
| 1,632,089 Shares | 2.1 | 12/31/2024 | 3,434,108 Shares |
Historical Dividends
Current dividend: $0.40 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 13, 2025 | Mar 14, 2025 | Feb 28, 2025 | $0.4 | Quarterly |
| Feb 15, 2024 | Dec 16, 2024 | Nov 29, 2024 | $0.4 | Quarterly |
| Feb 15, 2024 | Sep 16, 2024 | Aug 30, 2024 | $0.4 | Quarterly |
| Feb 15, 2024 | Jun 14, 2024 | May 31, 2024 | $0.4 | Quarterly |
| Feb 15, 2024 | Mar 15, 2024 | Mar 1, 2024 | $0.4 | Quarterly |
| Oct 25, 2023 | Dec 15, 2023 | Dec 1, 2023 | $0.4 | Quarterly |