AEM Price Prediction Next Week
Technical Analysis: Based on the latest price action, AEM closed at $89.94 on January 24, 2025, showing strong momentum with RSI at 68.17, approaching overbought territory. The stock is trading above its 20-day moving average of $83.02, indicating a bullish short-term trend.
Price Targets for Next Week (Jan 27-31, 2025): Using Fibonacci levels:
- Resistance levels: R1: $89.45, R2: $91.59, R3: $95.04
- Support levels: S1: $82.55, S2: $80.41, S3: $76.96
- Pivot: $86.00
News Sentiment Analysis:
- Positive: RBC Capital maintains Buy rating with a price target of $96.00, while the consensus is Strong Buy with an average target of $100.12
- Neutral: Recent acquisition news of O3 Mining with cash offer expiring on January 23, 2025
- Strong fundamentals: Q3 2024 showed impressive results with revenue of $2.16 billion and net profit of $567.12 million
Price Prediction & Trading Recommendation: Based on technical indicators and news sentiment:
- Short-term target (next week): $91.50-92.00
- Trading recommendation: HOLD/SELL
Rationale:
- Stock is approaching overbought territory (RSI 68.17)
- Currently trading near resistance levels
- While analyst sentiment remains bullish, insider sentiment has turned negative with increased selling activity
- The stock has already rallied significantly and may need consolidation
The most probable scenario is a short-term pullback to the $86-87 range before continuing its upward trend. Traders should consider taking profits at current levels and wait for a better entry point.
AEM Similar Chart Price Prediction
The price of AEM is predicted to go up 3.02%, based on the high correlation periods with CGEN. The similarity of these two price pattern on the periods is 96.24%.
AEM
CGEN
Up: 3.02%Similarity: 96.24%
AEM Revenue Forecast
AEM EPS Forecast
AEM FAQs
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AEM VS S&P500
Agnico Eagle has around 15 years of reserves at end December 2023, with various opportunities to incrementally increase gold production in coming years.
For investors seeking gold miners with lower geopolitical risk, Agnico Eagle's mines are in relatively stable and mining-friendly countries of Canada, Mexico, Finland, and Australia.
Gold stocks tend not to follow general economic cycles. They can also provide a hedge to inflation risk.
AEM Analyst's Forecast
Tanya Jakusconek
Scotiabank
Buy
Price Target
$103 → $105
Upside
+18.97%
Scotiabank raised the firm's price target on Agnico Eagle to $105 from $103 and keeps an Outperform rating on the shares. Heading into Q4 results, the firm expects operators in the Gold & Precious Minerals sector to err on the conservative side regarding input costs for guidance, and expects FY25 operating and capital forecasts to be more conservative than consensus, the analyst tells investors. In the short term, the firm prefers to be positioned in the streamers versus the operators given the consensus cost outlook.
David Hove
Jefferies
Hold
Price Target
$85 → $88
Upside
+7.98%
Matthew Murphy
Jefferies
Hold
Price Target
$68 → $85
Upside
+7.85%