Buy Agnico Eagle Mines Limited | NYSE AEM | Naranj Capital

 BUY   Agnico Eagle Mines Limited (NYSE: AEM)

Agnico Eagle Mines Limited (NYSE: AEM) STOCK RECOMMENDATION

Idea BUY
Buy Range 116 – 119
Target 125 – 126
StopLoss* below 112
Duration 14-15 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 116 – 119 125 – 126 below 112 14-15 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Agnico Eagle Mines Limited (NYSE: AEM) STOCK OVERVIEW

Agnico Eagle Mines Limited is a gold mining company involved in the exploration, development, and production of precious metals, including gold, silver, zinc, and copper. The company operates mines in Canada, Australia, Finland, and Mexico, and conducts exploration and development activities across Canada, Australia, Europe, Latin America, and the United States. Founded in 1953, Agnico Eagle Mines Limited is headquartered in Toronto, Canada.

Stock Data
NYSE Symbol AEM
Sectoral Index Gold Mining
52 Weeks High 126.75
52 Weeks Low 63

Agnico Eagle Mines Limited (NYSE: AEM) - RELATIVE STRENGTH

Relative Performance - Last 1 Year

AEM —     NYSE —

Agnico Eagle Mines Limited (NYSE: AEM) - DAILY TECHNICAL ANALYSIS

Agnico Eagle Mines Limited (NYSE: AEM) - Technical Analysis (Daily)
  • The stock was previously trading within a parallel channel.
  • After breaking out of the channel, the price surged to an all-time high near the 127 level.
  • Following this peak, a pullback occurred, but the stock now appears poised for another upward move.

Agnico Eagle Mines Limited (NYSE: AEM) - RSI

Agnico Eagle Mines Limited (NYSE: AEM) - RSI
  • Current RSI of this stock is 59, which indicates the strength of buyers.

Agnico Eagle Mines Limited (NYSE: AEM) - EMA Cross

Agnico Eagle Mines Limited (NYSE: AEM) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Agnico Eagle Mines Limited (NYSE: AEM) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Agnico Eagle Mines Limited stock price target will be USD 125 – USD 126 in the next 14-15 trading sessions.

Agnico Eagle Mines Limited (NYSE: AEM) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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