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How did you install imagemagick? It seems you did not set the PATH and LD_LIBRARY_PATH correctly. Have a look at

http://www.imagemagick.org/script/binary-releases.php?ImageMagick=8t1hubbqi2k49feh51an7g0co4#macosx

Add the lines starting with export to ~/.bash_profile and run the command source ~/.bash_profile

Let me know if this works or if you installed imagemagick some other way.