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

Achmea Investment Management B.V. lifted its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 13.5% during the first quarter, Holdings Channel.com reports. The firm owned 246,641 shares of the mining company’s stock after acquiring an additional 29,394 shares during the period. Achmea Investment Management B.V.’s holdings in Agnico Eagle Mines were worth $26,718,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of Agnico Eagle Mines by 78.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock worth $255,000 after acquiring an additional 1,431 shares during the last quarter. US Bancorp DE lifted its holdings in Agnico Eagle Mines by 2.7% during the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company’s stock worth $529,000 after acquiring an additional 175 shares during the period. Captrust Financial Advisors raised its stake in shares of Agnico Eagle Mines by 6.5% during the 4th quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company’s stock worth $443,000 after purchasing an additional 347 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Agnico Eagle Mines in the 4th quarter worth about $814,000. Finally, Orion Portfolio Solutions LLC grew its position in Agnico Eagle Mines by 5.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,268 shares of the mining company’s stock valued at $256,000 after buying an additional 183 shares during the period. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Up 2.7%

NYSE:AEM opened at $123.06 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The firm’s 50-day moving average price is $117.61 and its 200-day moving average price is $102.73. The company has a market capitalization of $61.94 billion, a PE ratio of 26.18, a P/E/G ratio of 0.91 and a beta of 0.51. 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) (TSE:AEM) last posted its quarterly earnings data on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Agnico Eagle Mines’s quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 EPS for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEM. Royal Bank Of Canada increased their target price on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Citigroup raised their price target on Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Scotiabank reissued an “outperform” rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. UBS Group lifted their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, April 11th. Finally, National Bankshares reissued an “outperform” rating on shares of Agnico Eagle Mines in a report on Tuesday. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $130.50.

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.