Agnico Eagle Mines Target of Unusually High Options Trading (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM saw some unusual options trading on Friday. Stock traders acquired 13,958 call options on the stock. This is an increase of approximately 105% compared to the typical daily volume of 6,803 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AEM shares. StockNews.com downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. TD Securities decreased their target price on Agnico Eagle Mines from $108.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Citigroup increased their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Jefferies Financial Group boosted their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised their price target on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines presently has an average rating of "Buy" and a consensus price target of $111.90.

Remove Ads

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AEM. Versant Capital Management Inc purchased a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its position in Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Agnico Eagle Mines in the fourth quarter worth approximately $29,000. Fifth Third Bancorp increased its stake in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after buying an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. grew its holdings in Agnico Eagle Mines by 37.3% in the 4th quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Stock Performance

Shares of AEM stock traded down $0.32 during trading hours on Monday, hitting $117.33. 801,734 shares of the company were exchanged, compared to its average volume of 2,415,665. Agnico Eagle Mines has a 52-week low of $60.15 and a 52-week high of $119.22. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $101.63 and a 200 day simple moving average of $89.82. The stock has a market capitalization of $59.05 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 0.66 and a beta of 0.87.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. Research analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 42.33%.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.