Deutsche Bank AG boosted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM – Free Report) (TSE:AEM) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,570,961 shares of the mining company’s stock after acquiring an additional 345,362 shares during the quarter. Agnico Eagle Mines accounts for 0.5% of Deutsche Bank AG’s holdings, making the stock its 29th largest position. Deutsche Bank AG owned approximately 1.71% of Agnico Eagle Mines worth $1,453,035,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Abound Wealth Management grew its holdings in Agnico Eagle Mines by 99.0% in the fourth quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock valued at $35,000 after purchasing an additional 104 shares during the period. Lodestone Wealth Management LLC acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $35,000. Caitlin John LLC acquired a new stake in Agnico Eagle Mines in the third quarter valued at approximately $36,000. Bangor Savings Bank acquired a new stake in Agnico Eagle Mines in the fourth quarter valued at approximately $37,000. Finally, Addison Advisors LLC grew its holdings in Agnico Eagle Mines by 94.1% in the third quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock valued at $39,000 after purchasing an additional 111 shares during the period. 68.34% of the stock is currently owned by hedge funds and other institutional investors.
Agnico Eagle Mines Stock Performance
Shares of NYSE:AEM opened at $159.65 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. The business’s 50 day moving average price is $192.71 and its 200-day moving average price is $194.65. The firm has a market capitalization of $79.90 billion, a PE ratio of 15.00, a P/E/G ratio of 3.57 and a beta of 0.56. Agnico Eagle Mines Limited has a 1 year low of $114.60 and a 1 year high of $255.24.
Analysts Set New Price Targets
Several analysts have commented on AEM shares. TD Securities raised their price objective on Agnico Eagle Mines from $241.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Barclays started coverage on Agnico Eagle Mines in a report on Thursday, May 21st. They issued an “overweight” rating and a $213.00 price objective on the stock. Zacks Research lowered Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. UBS Group dropped their price objective on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Finally, TD raised their price objective on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $236.08.
Read Our Latest Stock Report on AEM
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.
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