Traders Purchase Large Volume of Put Options on Agnico Eagle Mines (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM was the target of unusually large options trading activity on Monday. Investors purchased 11,407 put options on the company. This represents an increase of 94% compared to the typical daily volume of 5,874 put options.

Agnico Eagle Mines Price Performance

AEM stock traded down $1.08 on Friday, reaching $104.33. 2,190,397 shares of the company's stock were exchanged, compared to its average volume of 2,329,873. Agnico Eagle Mines has a twelve month low of $55.64 and a twelve month high of $107.88. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $95.37 and a 200-day moving average of $86.66. The firm has a market cap of $52.48 billion, a PE ratio of 27.60, a P/E/G ratio of 0.66 and a beta of 1.00.

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

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Agnico Eagle Mines Dividend Announcement

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 dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. Agnico Eagle Mines's payout ratio is 42.33%.

Institutional Investors Weigh In On Agnico Eagle Mines

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

Analyst Upgrades and Downgrades

Several research firms recently commented on AEM. Royal Bank of Canada upped their price target on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday. Scotiabank boosted their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. StockNews.com downgraded Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group boosted their target price on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $95.78.

About Agnico Eagle Mines

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.