DekaBank Deutsche Girozentrale Has $153.56 Million Stock Position in Agnico Eagle Mines Limited $AEM

DekaBank Deutsche Girozentrale boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,317,039 shares of the mining company’s stock after buying an additional 9,323 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Agnico Eagle Mines were worth $153,556,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AEM. Brighton Jones LLC raised its holdings in Agnico Eagle Mines by 11.5% during the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock worth $252,000 after buying an additional 331 shares during the period. GAMMA Investing LLC raised its holdings in shares of Agnico Eagle Mines by 10,740.0% in the first quarter. GAMMA Investing LLC now owns 1,626 shares of the mining company’s stock valued at $176,000 after purchasing an additional 1,611 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Agnico Eagle Mines by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,138 shares of the mining company’s stock valued at $3,592,000 after purchasing an additional 2,141 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Agnico Eagle Mines by 127.5% in the first quarter. Blue Trust Inc. now owns 2,557 shares of the mining company’s stock valued at $277,000 after purchasing an additional 1,433 shares during the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of Agnico Eagle Mines by 47.0% in the first quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock valued at $43,000 after purchasing an additional 127 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

Shares of AEM opened at $178.45 on Tuesday. The company has a market cap of $89.73 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 0.80 and a beta of 0.46. Agnico Eagle Mines Limited has a 1-year low of $75.17 and a 1-year high of $187.50. The company’s fifty day simple moving average is $154.62 and its 200 day simple moving average is $131.46. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. On average, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AEM has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (a)” rating on shares of Agnico Eagle Mines in a report on Wednesday, October 8th. Zacks Research upgraded shares of Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Citigroup lifted their price objective on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. TD Securities lifted their price objective on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, CIBC lifted their price objective on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Six equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Buy” and a consensus target price of $175.20.

About Agnico Eagle Mines

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.