denkapparat Operations GmbH Acquires 3,036 Shares of Agnico Eagle Mines Limited $AEM

denkapparat Operations GmbH boosted its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 58.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,222 shares of the mining company’s stock after purchasing an additional 3,036 shares during the quarter. denkapparat Operations GmbH’s holdings in Agnico Eagle Mines were worth $1,275,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Capital World Investors grew its stake in shares of Agnico Eagle Mines by 2.8% in the 4th quarter. Capital World Investors now owns 21,338,277 shares of the mining company’s stock worth $3,618,730,000 after buying an additional 572,473 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Agnico Eagle Mines by 21.6% during the 4th quarter. Van ECK Associates Corp now owns 17,225,477 shares of the mining company’s stock valued at $2,920,258,000 after buying an additional 3,062,705 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Agnico Eagle Mines by 1.7% in the 4th quarter. TD Asset Management Inc now owns 9,665,456 shares of the mining company’s stock valued at $1,641,239,000 after acquiring an additional 165,263 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Agnico Eagle Mines in the 2nd quarter valued at about $1,362,158,000. Finally, Mackenzie Financial Corp grew its position in Agnico Eagle Mines by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 8,687,624 shares of the mining company’s stock worth $1,489,509,000 after acquiring an additional 332,797 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

AEM has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Scotia lowered their price objective on Agnico Eagle Mines from $280.00 to $278.00 and set a “sector outperform” rating for the company in a research note on Friday, July 3rd. Jefferies Financial Group upgraded Agnico Eagle Mines from a “hold” rating to a “buy” rating and lifted their target price for the stock from $187.00 to $200.00 in a report on Monday, July 6th. Royal Bank Of Canada cut their target price on Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce set a $285.00 price target on Agnico Eagle Mines in a report on Thursday, July 16th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

Agnico Eagle Mines Price Performance

AEM stock opened at $207.24 on Friday. The stock has a market cap of $105.05 billion, a PE ratio of 17.73, a P/E/G ratio of 2.45 and a beta of 0.67. Agnico Eagle Mines Limited has a 12 month low of $134.38 and a 12 month high of $255.24. The company has a 50-day moving average price of $168.77 and a 200 day moving average price of $186.93. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $1.94 EPS. Agnico Eagle Mines’s quarterly revenue was up 35.0% compared to the same quarter last year. Equities research analysts anticipate that Agnico Eagle Mines Limited will post 11.56 earnings per share for the current year.

Agnico Eagle Mines Company 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.