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

CWA Asset Management Group LLC cut its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 22.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other large investors also recently bought and sold shares of AEM. Brighton Jones LLC boosted its holdings in shares of Agnico Eagle Mines by 11.5% during the 4th quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after acquiring an additional 331 shares during the last quarter. Savant Capital LLC lifted its position in Agnico Eagle Mines by 23.7% during the fourth quarter. Savant Capital LLC now owns 3,713 shares of the mining company’s stock valued at $290,000 after purchasing an additional 711 shares during the period. Montag A & Associates Inc. boosted its holdings in Agnico Eagle Mines by 85.2% in the fourth quarter. Montag A & Associates Inc. now owns 500 shares of the mining company’s stock worth $39,000 after purchasing an additional 230 shares during the last quarter. Allworth Financial LP boosted its holdings in Agnico Eagle Mines by 10.8% in the fourth quarter. Allworth Financial LP now owns 3,376 shares of the mining company’s stock worth $264,000 after purchasing an additional 330 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Agnico Eagle Mines by 11.8% in the 4th quarter. D.A. Davidson & CO. now owns 13,676 shares of the mining company’s stock worth $1,070,000 after purchasing an additional 1,440 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Agnico Eagle Mines Stock Down 0.2%

AEM stock opened at $123.81 on Wednesday. The business’s 50-day moving average price is $116.94 and its 200-day moving average price is $101.05. The stock has a market cap of $62.32 billion, a P/E ratio of 26.34, a PEG ratio of 1.08 and a beta of 0.51. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a twelve month low of $63.92 and a twelve month high of $126.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its earnings results on Thursday, April 24th. The mining company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.14. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business earned $0.76 EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts forecast that Agnico Eagle Mines Limited will post 4.63 EPS for the current year.

Agnico Eagle Mines Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Scotiabank reissued an “outperform” rating on shares of Agnico Eagle Mines in a report on Monday, April 14th. Stifel Canada raised Agnico Eagle Mines to a “strong-buy” rating in a report on Wednesday, March 19th. Raymond James Financial boosted 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. BMO Capital Markets initiated coverage on shares of Agnico Eagle Mines in a research report on Wednesday, April 16th. They set an “outperform” rating and a $181.00 price target for the company. Finally, UBS Group raised their price objective on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus target price of $127.40.

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.