AEM Agnico Eagle Mines Limited
Agnico Eagle Mines Limited (AEM) trend channel, buy level and 3-month target on Trade The Path. Sector: Basic Materials. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Mid-channel, rising this year inside a falling 0.7364753956430746-year channel
Price is between the two trend lines. Nothing to act on yet.
The next few months are read from the last 9 months, the stretch whose swings the lines actually follow, because the last 12 months alone do not contain enough turns to fit reliably (43% against 78%). The last 12 months stay as context: rising, +9% a year. A stock can be falling inside a channel that still rises over years; that is what this is, and only one of the two can be the near-term expectation. The target of US$255.06 sits above the nearest ceiling (US$223.99, from the last 12 months), so reaching it means breaking a line this stock has repeatedly turned at. What would overturn this: a close below US$128.33 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 9 months read from
- US$128.33 – US$223.99 Falling channel, −28% a year
- Position in that channel
- 70% 0% at the floor, 100% at the ceiling
What broke this trend
- The fall
- -46% from US$251.702 Mar 2026 → 20 July 2026
- Whose problem it was
- Its sector3 of 5 Gold peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 49%of what it lost
- What the record says
- 57% of 5 comparable falls came back, typically in 116 days measured on its own peer group
The trend broke in March 2026: price fell 46% from 251.70 to 136.30 by July 2026, and has regained 49% of that fall since. It was not this company alone: 3 of 5 Gold peers fell as far within weeks of it, so the fall was the sector repricing rather than news about this business. The wire that week: “Agnico Eagle Mines Unusual Options Activity For March 02”. Falls like it have resolved: falls of about 46% here have come back to the old high 57% of the time (5 comparable falls), typically in 116 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 255.06 within 65 days, reached 57% of the time in 5 comparable falls — about 0.50% a day held.
The buy and sell prices below are priced off this recovery rather than off the channel: it is the better expected return per day held once each is charged for the odds of working.
Reported at the time: Agnico Eagle Mines Unusual Options Activity For March 02 — 2 Mar 2026
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$192.74
level as at 16 Sept 2026
Our target
US$255.06
by 20 Nov 2026
Projected move
32.3%
gross, before costs
Price sits between our buy level and our target.
The trend broke in March 2026: price fell 46% from 251.70 to 136.30 by July 2026, and has regained 49% of that fall since. It was not this company alone: 3 of 5 Gold peers fell as far within weeks of it, so the fall was the sector repricing rather than news about this business. The wire that week: “Agnico Eagle Mines Unusual Options Activity For March 02”. Falls like it have resolved: falls of about 46% here have come back to the old high 57% of the time (5 comparable falls), typically in 116 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 255.06 within 65 days, reached 57% of the time in 5 comparable falls — about 0.50% a day held. The entry is today's price, not a dip level: the fall is behind it and the evidence measured is what these recoveries paid from here, so waiting for a lower entry would be waiting for something the record does not say is coming. Of 5 comparable falls in Gold, 57% were back at the old high within 116 days of the low, and the ones that got there gave up about 12% along the way — so expect to be underwater before it works. The target is the median level they regained, which is short of the old high of 251.70 because not all of them saw it again. It is a prediction and it is revised the same way any other is: if price loses its 50-day trend and stays below it, the recovery is treated as failed rather than delayed.
- Upper line touches
- 3
- Lower line touches
- 3
- Fit confidence
- 78%
- Fitted
- 16 Sept 2026
About Agnico Eagle Mines Limited
Agnico Eagle Mines Limited is engaged in the discovery, growth, and operation of mineral sites across Canada, Mexico, and Finland. The company organizes its business into Northern and Southern segments. Primarily, it focuses on the extraction and sale of gold, while also exploring for deposits of silver, zinc, and copper. Its principal asset is the LaRonde mine, located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the LaRonde mine reported proven and probable gold reserves totaling approximately 3.0 million ounces. Additionally, the company conducts exploration efforts in various international regions, including Europe, Latin America, and the United States. Founded in 1953, Agnico Eagle Mines Limited maintains its corporate headquarters in Toronto, Canada.
- Sector
- Basic Materials
- Industry
- Gold
- CEO
- Ammar Al-Joundi
- Employees
- 10,125
- Country
- CA
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$103.67B
- Enterprise value
- —
- Beta
- 0.62
- Avg volume
- 2.89M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 134.38-255.24
- Exchange
- NYSE
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.