Agnico Eagle Stock Rallies 37% in 6 Months: Buy, Sell or Hold?

Agnico Eagle Mines Limited’s (AEM) shares have popped 36.5% in the past six months, outperforming the Zacks Mining – Gold industry’s rise of 12.5%. The rally has been fueled by AEM’s forecast-topping earnings performance, riding on higher realized gold prices and strong production.Technical indicators show that AEM has been trading above the 200-day simple moving average (SMA) since March 4, 2024. The stock is also currently trading above the 50-day SMA. The 50-day SMA continues to read higher than the 200- ...