On September 23, Agnico Eagle Mines fell 3.59% in regular trading, trading at 195.51 USD/share, with turnover of approximately $23.19 million. The decline came as gold mining stocks broadly sold off, reversing the prior session's gains.

The pullback was driven by rising expectations for further Federal Reserve rate hikes. According to the CME FedWatch tool, markets are now pricing a 53.1% probability of another 25-basis-point hike at the October meeting, up sharply from 27.2% a week ago. The 10-year Treasury yield recently reclaimed the 5% level before settling near 4.945%, reflecting persistent tightening concerns that weigh on non-yielding assets like gold.

Within the Gold sector, stocks declined broadly. Among individual names, Anglogold Ashanti PLC fell 4.88%, Equinox Gold Corp. fell 4.39%, Coeur Mining fell 3.98%, Newmont Mining fell 3.43%, and Barrick Mining Corporation fell 2.92%.

On the company front, Agnico Eagle recently announced a $14.8 million investment in Scout Discoveries and agreed to sell its Delta and Helm Bay projects for approximately C$23.2 million. Its Q2 adjusted EPS of $3.05 missed the consensus estimate of $3.27. The next earnings report is scheduled for October 28.

(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.)