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 (NYSE:AEM) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $230,268 and 2, calls, for a total amount of $76,290.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $85.0 for Agnico Eagle Mines over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Agnico Eagle Mines's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Agnico Eagle Mines's whale trades within a strike price range from $55.0 to $85.0 in the last 30 days.
Agnico Eagle Mines Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AEM | PUT | SWEEP | BEARISH | 06/20/25 | $7.9 | $7.8 | $7.9 | $65.00 | $63.9K | 339 | 1 |
| AEM | PUT | SWEEP | BEARISH | 01/16/26 | $5.2 | $5.1 | $5.2 | $55.00 | $54.0K | 318 | 32 |
| AEM | CALL | TRADE | BEARISH | 06/21/24 | $9.9 | $8.9 | $8.95 | $55.00 | $44.7K | 570 | 0 |
| AEM | CALL | TRADE | BEARISH | 11/15/24 | $3.9 | $3.8 | $3.8 | $70.00 | $31.5K | 2.0K | 3 |
| AEM | PUT | TRADE | BEARISH | 01/16/26 | $5.2 | $5.1 | $5.2 | $55.00 | $29.1K | 318 | 191 |
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.
Present Market Standing of Agnico Eagle Mines
- Trading volume stands at 968,998, with AEM's price down by -1.26%, positioned at $64.42.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 43 days.
What The Experts Say On Agnico Eagle Mines
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $81.0.
- An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Agnico Eagle Mines, which currently sits at a price target of $81.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Agnico Eagle Mines options trades with real-time alerts from Benzinga Pro.