Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,307,716 shares of the mining company's stock after selling 9,323 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.26% of Agnico Eagle Mines worth $141,972,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEM. Brighton Jones LLC lifted its stake in Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company's stock valued at $252,000 after buying an additional 331 shares during the last quarter. US Bancorp DE raised its position in Agnico Eagle Mines by 2.7% in the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock worth $529,000 after acquiring an additional 175 shares in the last quarter. Smartleaf Asset Management LLC raised its position in 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 acquiring an additional 318 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock valued at $255,000 after purchasing an additional 1,431 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Agnico Eagle Mines by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,172,630 shares of the mining company's stock valued at $91,695,000 after purchasing an additional 35,776 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

AEM has been the topic of several research reports. Citigroup upped their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the company a "buy" rating in a report on Monday, March 31st. Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bank Financial raised Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank Of Canada increased their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial upgraded Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 target price on the stock in a research report on Monday, June 30th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines presently has a consensus rating of "Buy" and an average price target of $130.50.

Agnico Eagle Mines Stock Down 3.3%

NYSE AEM traded down $4.06 during mid-day trading on Tuesday, reaching $118.09. 262,815 shares of the company's stock traded hands, compared to its average volume of 2,601,652. The company has a market cap of $59.44 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 0.90 and a beta of 0.50. The company has a fifty day simple moving average of $117.45 and a 200-day simple moving average of $104.83. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 1-year low of $68.87 and a 1-year high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The business's revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.36%. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

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.

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