APG Asset Management N.V. Has $30.42 Million Stock Position in Agnico Eagle Mines Limited $AEM

Key Points

• APG Asset Management N.V. has reduced its stake in Agnico Eagle Mines Limited by 1.8%, owning approximately $30.42 million worth of shares after selling 5,609 shares in the first quarter.
• Agnico Eagle Mines reported earnings of $1.94 per share, exceeding analyst expectations of $1.83, with revenue increasing by 35.6% year-over-year to $2.86 billion.
• Several research firms have recently upgraded their ratings on Agnico Eagle Mines, with Bank of America raising the price target from $170 to $173 and setting a "buy" rating.

APG Asset Management N.V. lessened its position in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,361 shares of the mining company's stock after selling 5,609 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Agnico Eagle Mines worth $30,422,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Agnico Eagle Mines during the 1st quarter worth $26,000. Cary Street Partners Investment Advisory LLC acquired a new position in Agnico Eagle Mines during the 1st quarter worth approximately $26,000. Private Trust Co. NA boosted its position in Agnico Eagle Mines by 454.9% during the 1st quarter. Private Trust Co. NA now owns 283 shares of the mining company's stock worth $31,000 after acquiring an additional 232 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Agnico Eagle Mines during the 1st quarter worth approximately $34,000. Finally, Coppell Advisory Solutions LLC increased its position in shares of Agnico Eagle Mines by 235.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 469 shares of the mining company's stock valued at $37,000 after acquiring an additional 329 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM traded up $5.02 on Friday, reaching $144.13. 1,331,618 shares of the company's stock were exchanged, compared to its average volume of 2,913,101. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $72.47 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 0.96 and a beta of 0.44. The company has a fifty day moving average of $126.63 and a 200-day moving average of $115.68. Agnico Eagle Mines Limited has a twelve month low of $75.17 and a twelve month high of $144.32.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.07 EPS. On average, research analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AEM shares. National Bankshares reissued an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. Bank of America boosted their price target on Agnico Eagle Mines from $170.00 to $173.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada upped 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. CIBC reiterated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Tuesday, July 15th. Finally, Lake Street Capital reissued a "buy" rating on shares of Agnico Eagle Mines in a report on Monday, June 23rd. Five research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $136.90.

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.