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

Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM was the recipient of unusually large options trading on Friday. Stock traders purchased 13,958 call options on the stock. This represents an increase of approximately 105% compared to the typical volume of 6,803 call options.

Agnico Eagle Mines Trading Up 1.8 %

Shares of NYSE AEM traded up $2.12 during trading on Wednesday, hitting $122.69. 5,124,809 shares of the company traded hands, compared to its average volume of 2,421,633. The company has a 50-day moving average price of $102.95 and a 200-day moving average price of $90.51. The firm has a market capitalization of $61.75 billion, a P/E ratio of 32.46, a P/E/G ratio of 0.66 and a beta of 0.87. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines has a 1 year low of $61.56 and a 1 year high of $125.88.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 EPS 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%. On average, equities analysts predict that Agnico Eagle Mines will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, February 28th. Agnico Eagle Mines's dividend payout ratio (DPR) is 42.33%.

Institutional Trading of Agnico Eagle Mines

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after purchasing an additional 1,431 shares during the period. Caldwell Investment Management Ltd. raised its stake in shares of Agnico Eagle Mines by 12.0% during the fourth quarter. Caldwell Investment Management Ltd. now owns 87,700 shares of the mining company's stock valued at $6,812,000 after purchasing an additional 9,400 shares in the last quarter. Forsta AP Fonden boosted its stake in Agnico Eagle Mines by 8.9% during the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company's stock valued at $15,256,000 after purchasing an additional 16,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Agnico Eagle Mines by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,256,714 shares of the mining company's stock valued at $183,491,000 after purchasing an additional 178,999 shares during the period. Finally, Resonant Capital Advisors LLC bought a new stake in shares of Agnico Eagle Mines in the 4th quarter worth $208,000. Institutional investors own 68.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Raymond James boosted their price objective on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Citigroup boosted their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. BMO Capital Markets initiated coverage on Agnico Eagle Mines in a research note on Wednesday. They set an "outperform" rating and a $181.00 price target for the company. Scotiabank boosted their price objective on shares of Agnico Eagle Mines from $105.00 to $126.00 and gave the stock a "sector outperform" rating in a research report on Monday. Finally, StockNews.com cut shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $124.40.

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.