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Agnico Eagle Mines Ltd. (NYSE:AEM) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Agnico Eagle Mines Ltd. (NYSE:AEM) seasonal charts above shows that a Buy Date of April 25 and a Sell Date of September 18 has resulted in a geometric average return of 11.92% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 16 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 20 years by an average of 6.39% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

Agnico-Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced roughly 1.6 million gold ounces in 2018. Agnico-Eagle is focused on increasing gold production in lower-risk jurisdictions.

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