Unprecedented bullish activity has been observed in the options market for Agnico Eagle Mines Limited (AEM, Financial). A remarkable volume of 10,257 call options has traded, surpassing typical levels by four times. This surge has led to an increase in implied volatility, which has risen by over two points to 49.19%.
The options attracting the most attention are the Apr-25 125 calls and the Apr-25 130 calls, with an accumulated volume close to 5,700 contracts for these strikes. The activity predominantly favors call options, reflected in a notably low Put/Call Ratio of 0.12, indicating a strong market sentiment leaning towards bullish expectations.
Investors are closely watching Agnico Eagle with earnings set to be announced on April 24th, potentially influencing these active options' outcomes. The recent lively trading suggests anticipation of positive movements in Agnico Eagle's stock leading up to and following the earnings report.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Agnico Eagle Mines Ltd (AEM, Financial) is $117.06 with a high estimate of $142.00 and a low estimate of $97.00. The average target implies an upside of 0.17% from the current price of $116.86. More detailed estimate data can be found on the Agnico Eagle Mines Ltd (AEM) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Agnico Eagle Mines Ltd's (AEM, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Agnico Eagle Mines Ltd (AEM, Financial) in one year is $72.48, suggesting a downside of 37.98% from the current price of $116.86. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Agnico Eagle Mines Ltd (AEM) Summary page.
