Strength Seen in Agnico (AEM): Can Its 4.4% Jump Turn into More Strength?
Agnico Eagle Mines (AEM) shares ended the last trading session 4.4% higher at $161.19. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 13.2% gain over the past four weeks.The rise in AEM’s shares reflects continued strength in gold prices following the U.S. Federal Reserve’s interest rate cut and prospects of more rate cuts this year amid concerns over the labor markets.This gold mining company is expected to post ...