Agnico Eagle Mines Ltd.
Here’s whether Agnico Eagle Mines Ltd. (AEM) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: RSI 38 — healthy momentum range; strong 1-year return of +15.4%. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-5.37% over 10 days); 3-month momentum negative (-27.5%). Currently 43.1% off its 52-week high. Score: -3/7.
AEM is trading below its 200-day MA ($183.68) — a key warning sign the longer-term trend is under pressure. An RSI of 38.5 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +15.4% compares to +16.5% for SPY (trailed the market by 1.1%). The current 43.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.