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

denkapparat Operations GmbH increased its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 58.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other institutional investors also recently added to or reduced their stakes in AEM. Acumen Wealth Advisors LLC bought a new position in Agnico Eagle Mines in the fourth quarter worth about $26,000. Dunhill Financial LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $31,000. Fiduciary Financial Advisors bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter valued at about $32,000. Jessup Wealth Management Inc bought a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $35,000. Finally, Allied Private Wealth LLC purchased a new position in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $36,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

AEM opened at $207.24 on Friday. The company has a market cap of $105.05 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 2.45 and a beta of 0.67. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $168.77 and its 200-day moving average price is $186.93. Agnico Eagle Mines Limited has a 52-week low of $134.38 and a 52-week high of $255.24.

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Canadian Imperial Bank of Commerce set a $285.00 price objective on shares of Agnico Eagle Mines in a research note on Thursday, July 16th. Royal Bank Of Canada lowered their target price on shares of Agnico Eagle Mines from $230.00 to $210.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Citigroup cut their price target on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Barclays reduced their price target on Agnico Eagle Mines from $210.00 to $188.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their price objective on Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Agnico Eagle Mines presently has an average rating of “Moderate Buy” and a consensus target price of $226.00.

Agnico Eagle Mines 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.