Agnico Eagle Mines Limited $AEM Stock Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 82,700 shares of the mining company’s stock after purchasing an additional 3,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Agnico Eagle Mines were worth $15,180,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BIP Wealth LLC purchased a new stake in Agnico Eagle Mines during the 2nd quarter valued at $1,167,000. Annex Advisory Services LLC increased its position in shares of Agnico Eagle Mines by 70.5% in the second quarter. Annex Advisory Services LLC now owns 29,007 shares of the mining company’s stock valued at $4,500,000 after acquiring an additional 11,995 shares during the period. Engineers Gate Manager LP increased its position in shares of Agnico Eagle Mines by 914.3% in the second quarter. Engineers Gate Manager LP now owns 30,246 shares of the mining company’s stock valued at $4,692,000 after acquiring an additional 27,264 shares during the period. K.J. Harrison & Partners Inc bought a new position in shares of Agnico Eagle Mines during the second quarter valued at about $6,923,000. Finally, PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of Agnico Eagle Mines by 12.0% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 103,312 shares of the mining company’s stock valued at $16,046,000 after acquiring an additional 11,100 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

Shares of NYSE AEM opened at $189.20 on Friday. The company has a 50 day simple moving average of $192.86 and a two-hundred day simple moving average of $181.85. Agnico Eagle Mines Limited has a fifty-two week low of $134.38 and a fifty-two week high of $255.24. The company has a market capitalization of $95.91 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 2.30 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.86.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Wednesday, July 29th. The mining company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.16. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%. The company’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 earnings per share. Analysts expect that Agnico Eagle Mines Limited will post 11.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group raised their target price on Agnico Eagle Mines from $170.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday. Wall Street Zen lowered Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research upgraded Agnico Eagle Mines from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Royal Bank Of Canada lifted their price objective on Agnico Eagle Mines from $210.00 to $225.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Finally, Scotiabank reduced their target price on Agnico Eagle Mines from $278.00 to $260.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.62.

Agnico Eagle Mines Profile

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company engaged in the exploration, development and production of gold, as well as related activities such as mineral processing and mine-site reclamation. The company’s principal product is gold, with silver and other byproducts also recovered from certain operations.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world’s largest gold producers. Its operating portfolio is concentrated in established mining regions, including the Canadian provinces of Ontario and Quebec, Nunavut in northern Canada, and Finland.