Traders Buy Large Volume of Agnico Eagle Mines Call Options (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM was the target of some unusual options trading activity on Thursday. Stock investors bought 17,769 call options on the company. This represents an increase of 87% compared to the average daily volume of 9,492 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AEM shares. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Royal Bank of Canada lifted their price target on Agnico Eagle Mines from $115.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen lowered Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Raymond James raised their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, UBS Group boosted their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $127.40.

Institutional Trading of Agnico Eagle Mines

A number of hedge funds and other institutional investors have recently modified their holdings of AEM. MJT & Associates Financial Advisory Group Inc. acquired a new position in Agnico Eagle Mines during the first quarter worth about $26,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Agnico Eagle Mines during the 1st quarter valued at about $26,000. Smartleaf Asset Management LLC grew its stake in shares of Agnico Eagle Mines by 859.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Agnico Eagle Mines by 454.9% in the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after purchasing an additional 232 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of 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 purchasing an additional 112 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

AEM stock traded up $3.13 during trading on Thursday, hitting $122.04. The company had a trading volume of 2,925,800 shares, compared to its average volume of 2,567,565. The business has a 50 day moving average of $115.61 and a 200 day moving average of $100.10. The firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 0.66 and a beta of 0.51. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a fifty-two week low of $63.43 and a fifty-two week high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The business had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period last year, the firm posted $0.76 earnings per share. The business's revenue was up 34.9% on a year-over-year basis. As a group, research analysts predict that Agnico Eagle Mines will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

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.