Agnico Eagle Mines Ltd (USA) Could Rise a Lot According to The Today’s Call Option Activity

 Agnico Eagle Mines Ltd (USA) Could Rise a Lot According to The Today's Call Option Activity

In today’s session Agnico Eagle Mines Ltd (USA) (AEM) registered an unusually high (2,841) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AEM increase. With 2,841 contracts traded and 14974 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AEM161118C00049000 closed last at: $0.55 or 76.4% down. About 859,961 shares traded hands. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has risen 2.82% since April 12, 2016 and is uptrending. It has underperformed by 2.16% 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 -7.04% below today’s ($40.22) stock price. Agnico-Eagle Mines has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Hold” rating given on Monday, October 26 by HSBC. Barclays Capital maintained it with “Overweight” rating and $38 target price in Friday, February 12 report. The rating was maintained by RBC Capital Markets on Tuesday, August 11 with “Outperform”. The company was maintained on Monday, August 24 by Canaccord Genuity. On Monday, March 28 the stock rating was downgraded by UBS to “Neutral”. HSBC maintained it with “Buy” rating and $25.90 target price in Tuesday, September 8 report. The stock has “Overweight” rating given by Barclays Capital on Thursday, January 14. The firm has “Sector Outperform” rating by IBC given on Friday, July 24. Raymond James upgraded the stock to “Outperform” rating in Tuesday, October 25 report. As per Thursday, January 14, the company rating was upgraded by BMO Capital Markets.

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 $8.22 billion. The Firm operates through three business units. It has a 113.27 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: Investorplace.com which released: “Why Alexion Pharmaceuticals, Inc. (ALXN), Archer Daniels Midland Company (ADM …” on November 11, 2016, also Fool.ca with their article: “Agnico Eagle Mines Ltd. Will Grow Gold Production Like a Weed” published on September 19, 2016, Fool.ca published: “Agnico Eagle Mines Ltd. Was Downgraded 3 Times This Summer: Should You Sell?” on September 07, 2016. More interesting news about Agnico Eagle Mines Ltd (USA) (NYSE:AEM) were released by: Fool.ca and their article: “Agnico Eagle Mines Ltd.: Should You Buy This Gold Stock?” published on December 16, 2015 as well as Fool.ca‘s news article titled: “Should You Buy Shares of Agnico Eagle Mines Ltd. Today?” with publication date: February 13, 2015.

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