APG Asset Management N.V. Has $23.33 Million Position in Agnico Eagle Mines Limited (NYSE:AEM)

APG Asset Management N.V. lifted its holdings in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 395.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,970 shares of the mining company's stock after purchasing an additional 246,550 shares during the quarter. APG Asset Management N.V. owned 0.06% of Agnico Eagle Mines worth $23,332,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of Agnico Eagle Mines in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Agnico Eagle Mines by 859.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 355 shares of the mining company's stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Agnico Eagle Mines during the 4th quarter worth approximately $29,000. Fifth Third Bancorp raised its holdings in Agnico Eagle Mines by 176.9% in the 4th quarter. Fifth Third Bancorp now owns 407 shares of the mining company's stock valued at $32,000 after acquiring an additional 260 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its position in Agnico Eagle Mines by 37.3% during the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

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Agnico Eagle Mines Trading Up 0.9 %

Shares of AEM stock traded up $1.05 during trading hours on Tuesday, hitting $119.44. 1,265,055 shares of the company's stock traded hands, compared to its average volume of 2,421,970. The stock has a market cap of $60.11 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 0.66 and a beta of 0.87. The stock's 50 day simple moving average is $102.03 and its 200 day simple moving average is $90.08. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. Agnico Eagle Mines Limited has a 12 month low of $60.15 and a 12 month high of $120.16.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its earnings results on Thursday, February 13th. The mining company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.44). Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. On average, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. Agnico Eagle Mines's payout ratio is currently 42.33%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Canada upgraded shares of Agnico Eagle Mines to a "strong-buy" rating in a research note on Wednesday, March 19th. Citigroup raised their target price on shares of Agnico Eagle Mines from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Jefferies Financial Group boosted their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, January 7th. Bank of America raised their target price on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Finally, Raymond James lifted their price target on Agnico Eagle Mines from $105.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $114.00.

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.