APG Asset Management N.V. raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,544,012 shares of the mining company’s stock after buying an additional 11,959 shares during the period. APG Asset Management N.V. owned approximately 1.11% of Agnico Eagle Mines Limited worth $148,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Architects Inc increased its position in Agnico Eagle Mines Limited by 52.8% in the first quarter. Financial Architects Inc now owns 2,605 shares of the mining company’s stock valued at $111,000 after buying an additional 900 shares during the last quarter. IFP Advisors Inc increased its position in Agnico Eagle Mines Limited by 9.8% in the first quarter. IFP Advisors Inc now owns 2,639 shares of the mining company’s stock valued at $112,000 after buying an additional 235 shares during the last quarter. WFG Advisors LP increased its position in Agnico Eagle Mines Limited by 76.6% in the first quarter. WFG Advisors LP now owns 3,580 shares of the mining company’s stock valued at $152,000 after buying an additional 1,553 shares during the last quarter. Fruth Investment Management acquired a new position in Agnico Eagle Mines Limited during the second quarter valued at $212,000. Finally, Wetherby Asset Management Inc. acquired a new position in Agnico Eagle Mines Limited during the first quarter valued at $210,000. Institutional investors and hedge funds own 60.78% of the company’s stock.

Shares of Agnico Eagle Mines Limited (AEM) traded down 0.04% during mid-day trading on Monday, hitting $46.03. The stock had a trading volume of 528,704 shares. Agnico Eagle Mines Limited has a one year low of $35.05 and a one year high of $60.10. The stock has a market cap of $10.60 billion, a P/E ratio of 51.14 and a beta of -0.67. The firm has a 50 day moving average of $46.36 and a 200-day moving average of $45.82.

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 27th. The mining company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.17. Agnico Eagle Mines Limited had a return on equity of 4.57% and a net margin of 9.43%. The firm had revenue of $547.50 million for the quarter, compared to the consensus estimate of $528.14 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. Equities research analysts expect that Agnico Eagle Mines Limited will post $0.70 earnings per share for the current fiscal year.

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Several research analysts have weighed in on the company. National Bank Financial upgraded Agnico Eagle Mines Limited from a “sector perform” rating to an “outperform” rating in a research note on Monday. Royal Bank Of Canada restated a “hold” rating and issued a $54.00 price target on shares of Agnico Eagle Mines Limited in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Agnico Eagle Mines Limited from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a research note on Friday, July 14th. ValuEngine upgraded Agnico Eagle Mines Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Credit Suisse Group set a $63.00 price target on Agnico Eagle Mines Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $52.94.

About Agnico Eagle Mines Limited

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

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Institutional Ownership by Quarter for Agnico Eagle Mines Limited (NYSE:AEM)

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