Gold Prices: As a gold mining company, Agnico Eagle's stock price is highly correlated with gold prices. Higher gold prices generally lead to increased profitability and a higher stock price.

Production Costs: The cost of extracting gold (mining, processing) directly impacts profitability. Lower production costs mean higher profits and potentially a rising stock price.

Interest Rates: Rising interest rates can negatively impact gold prices, and subsequently Agnico Eagle's stock, as investors may shift to interest-bearing assets.

Economic Conditions: Economic uncertainty can increase demand for gold as a safe-haven asset, potentially driving up Agnico Eagle's stock price.

Company Performance: Production volumes, reserve estimates, exploration success, and project development updates impact investor sentiment.

Political Stability: Agnico Eagle operates in various regions; political instability or changes in regulations in those regions can impact operations and stock price.

Currency Fluctuations: As a multinational company, currency exchange rates, especially between USD and CAD, can influence revenue and profitability.

Overall Market Sentiment: General investor confidence and market trends can affect all stocks, including AEM.TO.

Mergers & Acquisitions: Significant corporate events, like mergers or acquisitions, can significantly alter the stock price.