On September 14, Agnico Eagle Mines fell 3.02% in regular trading, trading at $193.85 USD/share, with turnover of $62.29 million.

The decline came amid broad-based selling across the gold mining sector, as persistent Fed rate hike expectations weighed on precious metals stocks. CME FedWatch data recently showed a 71.3% probability of a 25-basis-point rate hike at the September meeting. Additionally, U.S. August PPI came in at 5.4% year-over-year, above expectations and accelerating sharply from the prior 4.7%, reinforcing concerns over inflationary pressures and tighter monetary policy.

The pullback followed a sharp sector rally, with the gold mining ETF GDX having surged over 13% across four consecutive sessions. Agnico Eagle Mines, which accounts for 10.25% of GDX, had gained 15.6% during that period. Within the Gold sector, Newmont Mining fell 3.63%, Coeur Mining dropped 4.47%, Barrick Mining declined 3.71%, Wheaton Precious Metals lost 3.97%, and Kinross fell 4.41%.

(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.)