Deutsche Bank AG Has $1.29 Billion Stake in Agnico Eagle Mines Limited (NYSE:AEM)

Key Points

• Deutsche Bank AG increased its stake in Agnico Eagle Mines Limited to approximately $1.29 billion by acquiring an additional 7,804 shares in the first quarter.
• Agnico Eagle Mines reported a 35.6% revenue growth year-over-year for the most recent quarter, with earnings per share surpassing analysts' estimates.
• The company announced a dividend of $0.40 per share, reflecting a yield of 136% and a payout ratio of 27.21%.

Deutsche Bank AG boosted its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 0.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,924,543 shares of the mining company's stock after purchasing an additional 7,804 shares during the period. Deutsche Bank AG owned 2.37% of Agnico Eagle Mines worth $1,292,740,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AEM. Capital World Investors grew its holdings in shares of Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock worth $1,091,550,000 after purchasing an additional 4,121,164 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Agnico Eagle Mines by 3.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,441,198 shares of the mining company's stock worth $1,457,160,000 after buying an additional 499,362 shares during the period. TD Asset Management Inc boosted its position in Agnico Eagle Mines by 42.8% during the 1st quarter. TD Asset Management Inc now owns 9,033,296 shares of the mining company's stock worth $978,553,000 after buying an additional 2,709,005 shares during the period. Nuveen Asset Management LLC grew its holdings in Agnico Eagle Mines by 10.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,027,009 shares of the mining company's stock worth $80,316,000 after acquiring an additional 99,148 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Agnico Eagle Mines by 304.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 913,936 shares of the mining company's stock valued at $71,465,000 after acquiring an additional 687,971 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Performance

NYSE:AEM opened at $135.45 on Thursday. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a twelve month low of $71.93 and a twelve month high of $135.97. The company has a fifty day moving average of $122.08 and a 200-day moving average of $110.97. The firm has a market capitalization of $68.11 billion, a P/E ratio of 23.04, a P/E/G ratio of 0.93 and a beta of 0.44.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $2.86 billion during 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 business's revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 136.0%. Agnico Eagle Mines's dividend payout ratio is presently 27.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. TD Securities upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. National Bankshares reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada increased their target price on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have given 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 $136.90.

Agnico Eagle Mines Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.