In today’s session Agnico Eagle Mines Ltd (USA) (AEM) recorded an unusually high (275) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious AEM decrease. With 275 contracts traded and 254 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: AEM161216P00049000 closed last at: $2.13 or 6.5% up. About 516,709 shares traded hands. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has risen 44.77% since April 4, 2016 and is uptrending. It has outperformed by 43.68% the S&P500.
Agnico Eagle Mines Ltd (USA) (NYSE:AEM) Ratings Coverage
Out of 14 analysts covering Agnico-Eagle Mines (NYSE:AEM), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. $48 is the highest target while $25.90 is the lowest. The $37.39 average target is -27.37% below today’s ($51.48) stock price. Agnico-Eagle Mines has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, March 28 by UBS. The stock has “Hold” rating given by TD Securities on Wednesday, January 13. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Outperform” rating given on Monday, November 2 by Macquarie Research. The firm has “Outperform” rating given on Tuesday, August 11 by RBC Capital Markets. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) earned “Buy” rating by Desjardins Securities on Wednesday, July 13. On Friday, February 12 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Outperform” rating given on Thursday, January 14 by BMO Capital Markets. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) earned “Buy” rating by Bank of America on Wednesday, August 12. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Market Perform” rating given on Monday, March 14 by Raymond James. As per Tuesday, February 2, the company rating was downgraded by Desjardins Securities.
According to Zacks Investment Research, “Agnico-Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico, and exploration and development activities in Canada, Finland, Mexico and the U.S. Agnico-Eagle Mines Limited is based in Toronto, Canada.”
Agnico Eagle Mines Limited is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The company has a market cap of $11.68 billion. The Firm operates through three business units. It has a 144.98 P/E ratio. The Northern Business consists of its activities in Canada and Finland.
AEM Company Profile
Agnico Eagle Mines Limited (Agnico Eagle), incorporated on June 1, 1972, is a gold producer with mining activities in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Firm operates through three business units: Northern Business, Southern Business and Exploration. The Company’s Northern Business consists of the Company’s activities in Canada and Finland. The Company’s Canadian properties include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine and the Meliadine project, each of which is held directly by the Company, and an interest in the Canadian Malartic Mine, which is held indirectly through a subsidiary of the Company and Canadian Malartic Corporation. The Company’s activities in Finland are conducted through its indirect subsidiary, Agnico Eagle Finland Oy, which owns the Kittila mine. The Company’s Southern Business consists of the Company’s activities in Mexico. The Company’s Pinos Altos mine, including the Creston Mascota deposit, is held through its subsidiary, Agnico Eagle Mexico S.A. de C.V. The La India mine is owned by the Company’s indirect subsidiary, Agnico Sonora, S.A. de C.V.
More notable recent Agnico Eagle Mines Ltd (USA) (NYSE:AEM) news were published by: Fool.ca which released: “Agnico Eagle Mines Ltd. Will Grow Gold Production Like a Weed” on September 19, 2016, also Fool.ca with their article: “Agnico Eagle Mines Ltd. Was Downgraded 3 Times This Summer: Should You Sell?” published on September 07, 2016, Fool.ca published: “Agnico Eagle Mines Ltd.: Should You Buy This Gold Stock?” on December 16, 2015. More interesting news about Agnico Eagle Mines Ltd (USA) (NYSE:AEM) were released by: Fool.ca and their article: “Is Agnico-Eagle Mines Ltd. the Best Gold Stock Today?” published on June 12, 2015 as well as Fool.ca‘s news article titled: “Barrick Gold Corp. vs Agnico Eagle Mines Ltd.: Which Stock Is Set to Soar?” with publication date: January 20, 2016.
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