DJE Kapital AG Sells 299,767 Shares of Agnico Eagle Mines Limited $AEM

DJE Kapital AG reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 36.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 524,869 shares of the mining company’s stock after selling 299,767 shares during the quarter. Agnico Eagle Mines accounts for 2.5% of DJE Kapital AG’s investment portfolio, making the stock its 16th largest holding. DJE Kapital AG’s holdings in Agnico Eagle Mines were worth $89,666,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Agnico Eagle Mines by 42.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,404 shares of the mining company’s stock worth $11,088,000 after acquiring an additional 19,647 shares during the last quarter. TD Asset Management Inc increased its stake in Agnico Eagle Mines by 1.5% in the 3rd quarter. TD Asset Management Inc now owns 9,500,193 shares of the mining company’s stock worth $1,600,436,000 after acquiring an additional 143,645 shares during the last quarter. Gunderson Capital Management Inc. increased its stake in Agnico Eagle Mines by 187.6% in the 4th quarter. Gunderson Capital Management Inc. now owns 48,104 shares of the mining company’s stock worth $8,155,000 after acquiring an additional 31,378 shares during the last quarter. TB Alternative Assets Ltd. increased its stake in Agnico Eagle Mines by 34.2% in the 4th quarter. TB Alternative Assets Ltd. now owns 229,630 shares of the mining company’s stock worth $38,929,000 after acquiring an additional 58,490 shares during the last quarter. Finally, Cannell & Spears LLC increased its stake in Agnico Eagle Mines by 15.0% in the 3rd quarter. Cannell & Spears LLC now owns 559,751 shares of the mining company’s stock worth $94,352,000 after acquiring an additional 72,932 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

Agnico Eagle Mines stock opened at $157.60 on Friday. The company has a market capitalization of $78.88 billion, a PE ratio of 14.81, a P/E/G ratio of 3.35 and a beta of 0.56. The firm has a fifty day simple moving average of $191.02 and a two-hundred day simple moving average of $194.59. The company has a quick ratio of 2.18, a current ratio of 3.15 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines Limited has a twelve month low of $114.60 and a twelve month high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, April 30th. The mining company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.19 by $0.21. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. The company’s quarterly revenue was up 66.1% on a year-over-year basis. Research analysts expect that Agnico Eagle Mines Limited will post 13.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. ATB Cormark Capital Markets upgraded Agnico Eagle Mines from a “hold” rating to an “outperform” rating in a research note on Monday, May 4th. Barclays started coverage on Agnico Eagle Mines in a research report on Thursday, May 21st. They set an “overweight” rating and a $213.00 price objective on the stock. Scotiabank reiterated an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a research report on Tuesday, February 17th. TD Securities increased their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.08.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.