Investors Buy High Volume of Agnico Eagle Mines Call Options (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) was the recipient of unusually large options trading on Friday. Stock investors bought 12,260 call options on the company. This represents an increase of 63% compared to the average daily volume of 7,511 call options.

Analyst Ratings Changes

A number of research analysts recently commented on AEM shares. TD Securities lowered their price objective on Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Raymond James increased their price target on Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Jefferies Financial Group began coverage on Agnico Eagle Mines in a research note on Thursday, February 29th. They issued a “hold” rating and a $54.00 price target for the company. CIBC decreased their price target on Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Agnico Eagle Mines in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.71.

Institutional Trading of Agnico Eagle Mines

Institutional investors have recently modified their holdings of the company. Coppell Advisory Solutions Corp. purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $26,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $33,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Agnico Eagle Mines during the third quarter valued at $34,000. CVA Family Office LLC purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter valued at $36,000. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of Agnico Eagle Mines during the third quarter valued at $37,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Trading Down 0.4 %

Shares of Agnico Eagle Mines stock opened at $61.45 on Friday. The company has a quick ratio of 0.74, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. The firm has a market cap of $30.64 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.93 and a beta of 1.06. The business has a fifty day simple moving average of $53.62 and a 200-day simple moving average of $51.33. Agnico Eagle Mines has a fifty-two week low of $43.22 and a fifty-two week high of $64.19.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Friday, February 16th. The mining company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Agnico Eagle Mines had a return on equity of 5.54% and a net margin of 29.29%. The company’s revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, equities analysts forecast that Agnico Eagle Mines will post 2.47 EPS for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders 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 dividend yield of 2.60%. Agnico Eagle Mines’s dividend payout ratio (DPR) is 38.93%.

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.