Deutsche Bank AG boosted its position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,916,739 shares of the mining company's stock after acquiring an additional 87,410 shares during the quarter. Deutsche Bank AG owned 2.37% of Agnico Eagle Mines worth $932,008,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in shares of Agnico Eagle Mines in the third quarter valued at approximately $359,000. Versant Capital Management Inc acquired a new position in shares of Agnico Eagle Mines in the fourth quarter worth $26,000. JCIC Asset Management Inc. purchased a new stake in shares of Agnico Eagle Mines during the fourth quarter worth $6,441,000. Miracle Mile Advisors LLC raised its stake in shares of Agnico Eagle Mines by 11.9% in the fourth quarter. Miracle Mile Advisors LLC now owns 3,281 shares of the mining company's stock valued at $257,000 after acquiring an additional 348 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Agnico Eagle Mines in the fourth quarter valued at $156,000. 68.34% of the stock is owned by institutional investors and hedge funds.
Agnico Eagle Mines Stock Performance
Shares of AEM remained flat at $106.46 during mid-day trading on Tuesday. 2,013,325 shares of the stock traded hands, compared to its average volume of 3,069,906. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.86 and a quick ratio of 0.86. Agnico Eagle Mines Limited has a twelve month low of $63.01 and a twelve month high of $126.75. The company has a fifty day simple moving average of $110.03 and a 200 day simple moving average of $95.02. The stock has a market cap of $53.58 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 0.66 and a beta of 0.54.
Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.
Agnico Eagle Mines Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, December 1st. Agnico Eagle Mines's payout ratio is 34.04%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America increased their price objective on Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Finally, Royal Bank of Canada raised their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $124.40.
View Our Latest Stock Analysis on AEM
About Agnico Eagle Mines
(
Free Report)
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.
See Also
Before you consider Agnico Eagle Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agnico Eagle Mines wasn't on the list.
While Agnico Eagle Mines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
