Agnico Eagle Mines (AEM) Stock Tries To Recover From a Low Performance Over The Year

Although today the stock price of AEM stands at $ 61.73, which indicates an increase of 1.4%, the company has been unable to achieve positive dynamics during the last month. The price has been falling steadily since June 10, 2021, and the difference today is -14.82%. The negative trend persists for almost a year.

Hedge fund enthusiasm has dipped in recent months for Agnico Eagle Mines Limited. At the end of March, Agnico Eagle Mines was in the lineups of 28 hedge funds. This number has reached an all-time high of 36. The more fund managers that are interested in a company, the more positive response is predicted from it in the nearest future.

Most traders regard hedge funds as inefficient, antiquated investment tools from the past. Nonetheless, they continue to be a primary factor in identifying and forecasting the stock’s future. So, you may or may not believe these numbers, better try to do your research.

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