DekaBank Deutsche Girozentrale Has $76.22 Million Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

DekaBank Deutsche Girozentrale reduced its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,307,716 shares of the mining company’s stock after selling 26,136 shares during the period. DekaBank Deutsche Girozentrale owned 0.26% of Agnico Eagle Mines worth $76,223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Agnico Eagle Mines during the 4th quarter worth $325,327,000. FIL Ltd grew its stake in shares of Agnico Eagle Mines by 16.4% during the fourth quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock worth $1,102,481,000 after purchasing an additional 2,831,794 shares during the period. Clearbridge Investments LLC bought a new stake in Agnico Eagle Mines in the fourth quarter valued at about $132,257,000. Van ECK Associates Corp lifted its stake in Agnico Eagle Mines by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 23,059,010 shares of the mining company’s stock valued at $1,264,791,000 after buying an additional 1,995,127 shares during the period. Finally, Capital Wealth Planning LLC bought a new position in Agnico Eagle Mines during the fourth quarter worth about $88,547,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Down 1.3 %

AEM stock traded down $0.97 during trading hours on Friday, reaching $75.12. 3,009,042 shares of the stock were exchanged, compared to its average volume of 1,979,409. The firm’s 50-day moving average is $69.48 and its 200-day moving average is $61.30. Agnico Eagle Mines Limited has a 12 month low of $43.22 and a 12 month high of $78.16. The company has a market cap of $37.58 billion, a price-to-earnings ratio of 79.07, a PEG ratio of 0.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 0.88.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.14. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Agnico Eagle Mines had a return on equity of 7.16% and a net margin of 8.44%. Agnico Eagle Mines’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. On average, equities research analysts expect that Agnico Eagle Mines Limited will post 3.52 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. CIBC upped their price target on Agnico Eagle Mines from $81.00 to $101.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. TD Securities increased their target price on shares of Agnico Eagle Mines from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $59.00 to $66.00 and gave the company a “hold” rating in a report on Friday, July 12th. Scotiabank upped their price objective on shares of Agnico Eagle Mines from $71.00 to $81.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 23rd. Finally, StockNews.com upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.