Achmea Investment Management B.V. Sells 80,137 Shares of Agnico Eagle Mines Limited $AEM

Achmea Investment Management B.V. cut its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 32.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,504 shares of the mining company’s stock after selling 80,137 shares during the quarter. Achmea Investment Management B.V.’s holdings in Agnico Eagle Mines were worth $19,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sienna Gestion raised its holdings in shares of Agnico Eagle Mines by 10.3% in the 2nd quarter. Sienna Gestion now owns 95,400 shares of the mining company’s stock valued at $10,357,000 after purchasing an additional 8,900 shares in the last quarter. Andra AP fonden raised its stake in Agnico Eagle Mines by 20.8% in the second quarter. Andra AP fonden now owns 80,222 shares of the mining company’s stock valued at $9,541,000 after buying an additional 13,800 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Agnico Eagle Mines in the second quarter worth about $1,491,000. Hussman Strategic Advisors Inc. grew its stake in shares of Agnico Eagle Mines by 87.5% during the second quarter. Hussman Strategic Advisors Inc. now owns 153,000 shares of the mining company’s stock worth $18,196,000 after acquiring an additional 71,400 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Agnico Eagle Mines by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 512,862 shares of the mining company’s stock worth $60,995,000 after purchasing an additional 27,545 shares during the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Agnico Eagle Mines Trading Up 2.5%

Shares of Agnico Eagle Mines stock opened at $159.79 on Thursday. The firm has a market capitalization of $80.29 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 0.70 and a beta of 0.45. The company has a current ratio of 2.03, a quick ratio of 1.16 and a debt-to-equity ratio of 0.03. Agnico Eagle Mines Limited has a 1 year low of $75.17 and a 1 year high of $187.50. The firm’s 50 day moving average is $160.66 and its 200 day moving average is $135.51.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.40. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.97% and a net margin of 32.62%.During the same period last year, the business earned $1.14 EPS. Equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Thursday, October 23rd. Wall Street Zen upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. CIBC boosted their price target on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. TD Securities raised their price target on Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings downgraded shares of Agnico Eagle Mines from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday, October 24th. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $184.50.

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.