ASR Vermogensbeheer N.V. Invests $1.57 Million in Agnico Eagle Mines Limited (NYSE:AEM)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in Agnico Eagle Mines, purchasing 14,534 shares worth approximately $1,574,000 during the 1st quarter.
• Agnico Eagle Mines recently reported earnings of $1.94 EPS for the quarter, exceeding analysts' expectations and reflecting a 35.6% increase in revenue year-over-year.
• The company has received multiple positive ratings from analysts, including a “strong-buy” rating from TD Securities and lowered the average price target to $136.90.

ASR Vermogensbeheer N.V. purchased a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,534 shares of the mining company's stock, valued at approximately $1,574,000.

Several other institutional investors have also modified their holdings of AEM. Capital World Investors raised its stake in 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 period. Massachusetts Financial Services Co. MA grew its holdings 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 acquiring an additional 499,362 shares in the last quarter. Deutsche Bank AG grew its holdings in Agnico Eagle Mines by 0.7% during the 4th quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company's stock worth $932,008,000 after acquiring an additional 87,410 shares in the last quarter. TD Asset Management Inc grew its holdings 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 acquiring an additional 2,709,005 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Agnico Eagle Mines by 10.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,027,009 shares of the mining company's stock valued at $80,316,000 after buying an additional 99,148 shares in the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Shares of AEM stock traded down $0.18 during trading hours on Monday, hitting $135.43. 2,224,742 shares of the company's stock were exchanged, compared to its average volume of 2,990,718. The stock's 50-day moving average is $122.78 and its 200-day moving average is $111.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16. The stock has a market cap of $68.09 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 0.94 and a beta of 0.44. Agnico Eagle Mines Limited has a 52 week low of $74.64 and a 52 week high of $137.81.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its earnings results on Wednesday, July 30th. The mining company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The firm had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.46 billion. Agnico Eagle Mines had a return on equity of 13.79% and a net margin of 30.63%. The company's revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 earnings per share. As a group, research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. This represents a dividend yield of 136.0%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's payout ratio is currently 27.21%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Tuesday, June 24th. BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price target on the stock. TD Securities raised shares of Agnico Eagle Mines to a "strong-buy" rating in a research report on Thursday, July 17th. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Finally, Raymond James Financial upgraded shares of Agnico Eagle Mines to a "moderate buy" rating and set a $130.00 price objective on the stock in a research note on Monday, June 30th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines has a consensus rating of "Buy" and an average price target of $136.90.

Agnico Eagle Mines 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.