On August 28, Agnico Eagle Mines fell 3.15% in regular trading, trading at $209.06/share, with turnover of $149 million.
On the news front, spot gold continued under pressure after breaking below the $4,600/oz level, as the US July core PCE came in at +3.3% year-over-year, in line with expectations. Market expectations for a Fed rate hike next month rose significantly, extending broad selling across the precious metals sector.
Within the Gold sector, the decline was widespread. Among individual stocks, AngloGold Ashanti fell 4.38%, Coeur Mining fell 4.41%, Pan American Silver fell 3.08%, Barrick Mining fell 2.75%, and Newmont Mining fell 2.69%. Agnico Eagle Mines is the world's second-largest gold producer, with precious metals operations spanning Canada, Australia, Finland, and Mexico, making its stock price highly sensitive to gold price fluctuations.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)