Investors Purchase Large Volume of Agnico Eagle Mines Put Options (NYSE:AEM)

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) saw unusually large options trading on Monday. Stock investors bought 11,407 put options on the stock. This represents an increase of 94% compared to the average daily volume of 5,874 put options.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Agnico Eagle Mines from $96.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Securities dropped their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Scotiabank raised their price target on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the company an “outperform” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.78.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $105.83 on Wednesday. The stock has a market cap of $53.23 billion, a P/E ratio of 28.00, a P/E/G ratio of 0.66 and a beta of 1.00. Agnico Eagle Mines has a 12-month low of $54.02 and a 12-month high of $107.88. The business’s fifty day moving average is $94.49 and its 200 day moving average is $86.40. 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 (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share (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%. Sell-side analysts anticipate that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.51%. Agnico Eagle Mines’s dividend payout ratio (DPR) is presently 42.33%.

Hedge Funds Weigh In On Agnico Eagle Mines

Several institutional investors and hedge funds have recently bought and sold shares of AEM. Van ECK Associates Corp lifted its position in shares of Agnico Eagle Mines by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 22,322,859 shares of the mining company’s stock worth $1,745,858,000 after acquiring an additional 778,919 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Agnico Eagle Mines by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company’s stock valued at $1,554,180,000 after acquiring an additional 331,087 shares in the last quarter. FMR LLC grew its holdings in shares of Agnico Eagle Mines by 43.5% during the third quarter. FMR LLC now owns 15,061,244 shares of the mining company’s stock worth $1,213,311,000 after purchasing an additional 4,562,005 shares in the last quarter. Capital World Investors increased its position in shares of Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company’s stock worth $1,091,550,000 after purchasing an additional 4,121,164 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Agnico Eagle Mines by 0.7% during the 4th quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company’s stock valued at $932,008,000 after buying an additional 87,410 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

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.