Agnico Eagle Mines is trading 7.3% up at CA$278.58, with broad buying across gold miners the clearest explanation for the move.
- The stock is significantly above its August 18 close of CA$259.53.
- Sector strength reflects expectations that the Federal Reserve may avoid further rate hikes and renewed momentum in precious-metals equities; gold-mining ETFs have also posted strong gains.
- Institutional buying news adds positive sentiment but does not clearly explain today’s move.