DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Increases Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 837,742 shares of the mining company's stock after acquiring an additional 2,463 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.17% of Agnico Eagle Mines worth $65,520,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AEM. Versant Capital Management Inc purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC increased its stake in shares of Agnico Eagle Mines by 859.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after purchasing an additional 318 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $29,000. Fifth Third Bancorp increased its stake in shares of Agnico Eagle Mines by 176.9% in the fourth quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock worth $32,000 after purchasing an additional 260 shares in the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 68.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Scotiabank reissued an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, March 21st. Finally, Raymond James upped their price target on shares of Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and an average target price of $124.40.

Agnico Eagle Mines Stock Up 0.1%

Shares of AEM stock traded up $0.07 during trading hours on Tuesday, reaching $106.53. 1,703,186 shares of the company's stock were exchanged, compared to its average volume of 2,486,644. The stock's fifty day moving average price is $110.03 and its two-hundred day moving average price is $95.02. The stock has a market cap of $53.61 billion, a PE ratio of 28.18, a PEG ratio of 0.66 and a beta of 0.54. Agnico Eagle Mines Limited has a 1 year low of $63.01 and a 1 year high of $126.76. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 22.88% and a return on equity of 10.45%. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. Research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is presently 34.04%.

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.