Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM saw some unusual options trading activity on Friday. Stock traders bought 12,260 call options on the company. This represents an increase of approximately 63% compared to the typical volume of 7,511 call options.
Agnico Eagle Mines Trading Down 0.4 %
Shares of NYSE AEM traded down $0.22 during midday trading on Friday, reaching $61.45. 5,718,276 shares of the stock were exchanged, compared to its average volume of 3,236,674. The company has a 50 day simple moving average of $53.62 and a 200 day simple moving average of $51.33. The stock has a market capitalization of $30.64 billion, a P/E ratio of 14.95, a PEG ratio of 0.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 2.09. Agnico Eagle Mines has a twelve month low of $43.22 and a twelve month high of $64.19.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings results on Friday, February 16th. The mining company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.09. Agnico Eagle Mines had a net margin of 29.29% and a return on equity of 5.54%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm earned $0.41 EPS. The business's revenue was up 26.9% compared to the same quarter last year. As a group, equities analysts expect that Agnico Eagle Mines will post 2.47 earnings per share for the current year.
Agnico Eagle Mines Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 annualized dividend and a yield of 2.60%. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 38.93%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on AEM shares. Raymond James increased their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the company an "outperform" rating in a report on Friday, January 12th. National Bank Financial reiterated an "outperform overweight" rating on shares of Agnico Eagle Mines in a report on Monday. TD Securities cut their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, February 21st. Jefferies Financial Group started coverage on shares of Agnico Eagle Mines in a report on Thursday, February 29th. They issued a "hold" rating and a $54.00 price objective for the company. Finally, CIBC cut their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an "outperform" rating for the company in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Moderate Buy" and an average price target of $63.71.
Read Our Latest Research Report on AEM
Institutional Trading of Agnico Eagle Mines
Several institutional investors have recently added to or reduced their stakes in AEM. Vanguard Group Inc. increased its holdings in Agnico Eagle Mines by 96.5% in the 1st quarter. Vanguard Group Inc. now owns 15,067,317 shares of the mining company's stock valued at $922,721,000 after purchasing an additional 7,399,467 shares during the last quarter. Norges Bank purchased a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $325,327,000. FIL Ltd boosted its position in Agnico Eagle Mines by 16.4% in the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company's stock valued at $1,102,481,000 after buying an additional 2,831,794 shares during the period. Clearbridge Investments LLC purchased a new position in Agnico Eagle Mines in the 4th quarter valued at approximately $132,257,000. Finally, Van ECK Associates Corp boosted its position in Agnico Eagle Mines by 9.5% in the 4th quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company's stock valued at $1,264,791,000 after buying an additional 1,995,127 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.
About Agnico Eagle Mines
(
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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.
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