In today’s session Agnico Eagle Mines Ltd (USA) (AEM) registered an unusually high (1,441) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious AEM increase. With 1,441 contracts traded and 15264 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: AEM161216C00047000 closed last at: $0.5 or 19.4% down. The stock decreased 6.79% or $2.9 on November 23, hitting $39.84. About 3.76M shares traded hands or 76.53% up from the average. Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has declined 3.63% since April 22, 2016 and is downtrending. It has underperformed by 9.04% the S&P500.
Analysts await Agnico Eagle Mines Ltd (USA) (NYSE:AEM) to report earnings on February, 8. AEM’s profit will be $40.12 million for 55.33 P/E if the $0.18 EPS becomes a reality. After $0.24 actual EPS reported by Agnico Eagle Mines Ltd (USA) for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.
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. 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 “Outperform” rating given on Tuesday, October 25 by Raymond James. Canaccord Genuity maintained Agnico Eagle Mines Ltd (USA) (NYSE:AEM) on Monday, August 24 with “Buy” rating. TD Securities downgraded the shares of AEM in a report on Wednesday, January 13 to “Hold” rating. The firm earned “Buy” rating on Wednesday, August 12 by Bank of America. Citigroup initiated the stock with “Sell” rating in Tuesday, August 2 report. HSBC maintained the stock with “Buy” rating in Tuesday, September 8 report. Barclays Capital upgraded it to “Overweight” rating and $36 target price in Thursday, January 14 report. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has “Outperform” rating given on Friday, October 16 by Raymond James. Desjardins Securities downgraded the shares of AEM in a report on Tuesday, February 2 to “Hold” rating. The stock of Agnico Eagle Mines Ltd (USA) (NYSE:AEM) earned “Buy” rating by Desjardins Securities on Wednesday, July 13.
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 $8.88 billion. The Firm operates through three business units. It has a 112.2 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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