Agnico Eagle Mines Unusual Options Activity For March 07

Whales with a lot of money to spend have taken a noticeably bearish stance on Agnico Eagle Mines.

Looking at options history for Agnico Eagle Mines AEM we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $332,293 and 8, calls, for a total amount of $810,404.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $65.0 for Agnico Eagle Mines over the last 3 months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Agnico Eagle Mines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Agnico Eagle Mines's significant trades, within a strike price range of $50.0 to $65.0, over the past month.

Agnico Eagle Mines Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Agnico Eagle Mines

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.

Following our analysis of the options activities associated with Agnico Eagle Mines, we pivot to a closer look at the company's own performance.

Current Position of Agnico Eagle Mines

• With a trading volume of 1,734,964, the price of AEM is up by 0.82%, reaching $54.1.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 49 days from now.

What The Experts Say On Agnico Eagle Mines

In the last month, 1 experts released ratings on this stock with an average target price of $54.0.

• Reflecting concerns, an analyst from Jefferies lowers its rating to Hold with a new price target of $54.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Agnico Eagle Mines with Benzinga Pro for real-time alerts.