MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Makes New $458,000 Investment in Agnico Eagle Mines Limited $AEM

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,848 shares of the mining company’s stock, valued at approximately $458,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Agnico Eagle Mines by 1.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,702 shares of the mining company’s stock valued at $618,000 after purchasing an additional 85 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Agnico Eagle Mines by 31.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 367 shares of the mining company’s stock valued at $40,000 after purchasing an additional 87 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Agnico Eagle Mines by 19.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 774 shares of the mining company’s stock valued at $84,000 after purchasing an additional 125 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Agnico Eagle Mines by 47.0% in the 1st quarter. Continuum Advisory LLC now owns 397 shares of the mining company’s stock valued at $43,000 after purchasing an additional 127 shares in the last quarter. Finally, Sapient Capital LLC lifted its stake in shares of Agnico Eagle Mines by 1.2% in the 1st quarter. Sapient Capital LLC now owns 10,984 shares of the mining company’s stock valued at $1,191,000 after purchasing an additional 128 shares in the last quarter. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Price Performance

AEM stock opened at $160.02 on Friday. 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 52-week low of $75.17 and a 52-week high of $164.64. The stock’s 50 day moving average is $140.22 and its two-hundred day moving average is $123.41. The company has a market capitalization of $80.46 billion, a PE ratio of 27.21, a P/E/G ratio of 1.06 and a beta of 0.45.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%.The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $1.07 EPS. Agnico Eagle Mines’s revenue for the quarter was up 35.6% compared to the same quarter last year. Analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AEM shares. Royal Bank Of Canada lifted 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. UBS Group raised their target price on Agnico Eagle Mines from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, September 19th. TD Securities upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Thursday, July 17th. Lake Street Capital reiterated a “buy” rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Finally, National Bankshares reiterated an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Five research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $141.40.

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.