Agnico Eagle Mines Target of Unusually High Options Trading (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) was the target of unusually large options trading activity on Tuesday. Stock investors bought 10,389 put options on the stock. This is an increase of approximately 101% compared to the average volume of 5,181 put options.

Agnico Eagle Mines Stock Performance

Shares of AEM stock opened at $85.82 on Wednesday. Agnico Eagle Mines has a 12-month low of $44.37 and a 12-month high of $89.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The firm has a market capitalization of $43.06 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 0.74 and a beta of 1.09. The business has a 50 day simple moving average of $82.38 and a 200 day simple moving average of $74.46.

Institutional Investors Weigh In On Agnico Eagle Mines

Several institutional investors have recently bought and sold shares of the stock. Sapient Capital LLC raised its position in shares of Agnico Eagle Mines by 1.3% during the 3rd quarter. Sapient Capital LLC now owns 11,001 shares of the mining company’s stock worth $886,000 after buying an additional 145 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Agnico Eagle Mines by 2.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,217 shares of the mining company’s stock worth $472,000 after purchasing an additional 158 shares during the period. Azzad Asset Management Inc. ADV lifted its position in Agnico Eagle Mines by 0.3% in the second quarter. Azzad Asset Management Inc. ADV now owns 61,820 shares of the mining company’s stock worth $4,043,000 after purchasing an additional 189 shares during the period. Lombard Odier Asset Management Europe Ltd boosted its stake in Agnico Eagle Mines by 0.4% during the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 49,651 shares of the mining company’s stock valued at $3,248,000 after purchasing an additional 190 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft raised its stake in shares of Agnico Eagle Mines by 4.8% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 4,192 shares of the mining company’s stock worth $269,000 after buying an additional 192 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. UBS Group initiated coverage on shares of Agnico Eagle Mines in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price on the stock. TD Securities raised their price target on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. CIBC boosted their price objective on shares of Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

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.