CWA Asset Management Group LLC Decreases Stock Holdings in Agnico Eagle Mines Limited (NYSE:AEM)

CWA Asset Management Group LLC lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 22.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,788 shares of the mining company’s stock after selling 13,355 shares during the period. CWA Asset Management Group LLC’s holdings in Agnico Eagle Mines were worth $5,072,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AEM. Jones Financial Companies Lllp grew its stake in shares of Agnico Eagle Mines by 78.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company’s stock worth $255,000 after purchasing an additional 1,431 shares during the last quarter. US Bancorp DE lifted its stake in Agnico Eagle Mines by 2.7% in 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 lifted its stake in Agnico Eagle Mines by 6.5% in the fourth quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company’s stock worth $443,000 after acquiring an additional 347 shares during the period. Proficio Capital Partners LLC bought a new stake in Agnico Eagle Mines in the fourth quarter valued at $814,000. Finally, Orion Portfolio Solutions LLC increased its position in Agnico Eagle Mines by 5.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 3,268 shares of the mining company’s stock valued at $256,000 after purchasing an additional 183 shares during the period. Institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AEM has been the subject of several research reports. BMO Capital Markets assumed coverage on shares of Agnico Eagle Mines in a report on Wednesday, April 16th. They issued an “outperform” rating and a $181.00 price objective for the company. Bank of America raised their price objective on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Stifel Canada upgraded Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Cfra Research upgraded Agnico Eagle Mines to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Wall Street Zen cut Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $127.40.

Agnico Eagle Mines Trading Down 0.2%

Agnico Eagle Mines stock opened at $123.81 on Wednesday. Agnico Eagle Mines Limited has a 12 month low of $63.92 and a 12 month high of $126.76. The company has a market capitalization of $62.32 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.08 and a beta of 0.51. The business’s fifty day simple moving average is $116.94 and its two-hundred day simple moving average is $101.05. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. Agnico Eagle Mines’s quarterly revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Dividend Announcement

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

Agnico Eagle Mines 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.