Achmea Investment Management B.V. Buys 29,394 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Achmea Investment Management B.V. raised its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 246,641 shares of the mining company's stock after buying an additional 29,394 shares during the quarter. Achmea Investment Management B.V.'s holdings in Agnico Eagle Mines were worth $26,718,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Agnico Eagle Mines by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 19,865,285 shares of the mining company's stock worth $1,554,180,000 after acquiring an additional 331,087 shares during the last quarter. Capital World Investors increased its stake in Agnico Eagle Mines by 41.9% in the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after purchasing an additional 4,121,164 shares in the last quarter. Deutsche Bank AG raised its holdings in Agnico Eagle Mines by 0.7% in the fourth quarter. Deutsche Bank AG now owns 11,916,739 shares of the mining company's stock worth $932,008,000 after purchasing an additional 87,410 shares during the period. Norges Bank acquired a new position in shares of Agnico Eagle Mines in the 4th quarter valued at $573,446,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Agnico Eagle Mines by 81.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after acquiring an additional 3,155,927 shares during the period. Institutional investors own 68.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AEM shares. Citigroup increased their target price on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Royal Bank Of Canada raised their price target 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. National Bank Financial upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank reaffirmed an "outperform" rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Finally, Bank of America upped their price target on shares of Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research note on Monday. Two analysts have rated the stock with a hold rating, nine have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of "Buy" and an average price target of $130.50.

Agnico Eagle Mines Trading Up 2.7%

AEM opened at $123.06 on Friday. The company's 50 day moving average is $117.61 and its 200-day moving average is $102.73. The company has a market cap of $61.94 billion, a P/E ratio of 26.18, a PEG ratio of 0.91 and a beta of 0.51. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 1-year low of $64.65 and a 1-year high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company earned $0.76 EPS. Agnico Eagle Mines's revenue for the quarter was up 34.9% compared to the same quarter last year. Equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a dividend yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

About Agnico Eagle Mines

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.

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