Capital Wealth Planning LLC Acquires 17,452 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Capital Wealth Planning LLC boosted its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 41.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,055 shares of the mining company’s stock after acquiring an additional 17,452 shares during the quarter. Capital Wealth Planning LLC’s holdings in Agnico Eagle Mines were worth $4,619,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Agnico Eagle Mines by 12.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,744 shares of the mining company’s stock valued at $1,350,000 after purchasing an additional 1,916 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Agnico Eagle Mines by 53.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,607 shares of the mining company’s stock valued at $1,821,000 after purchasing an additional 7,865 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Agnico Eagle Mines by 26.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,380 shares of the mining company’s stock valued at $514,000 after purchasing an additional 1,337 shares during the last quarter. US Bancorp DE increased its position in shares of Agnico Eagle Mines by 43.3% during the 3rd quarter. US Bancorp DE now owns 6,595 shares of the mining company’s stock valued at $531,000 after purchasing an additional 1,994 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Agnico Eagle Mines by 1,903.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,545 shares of the mining company’s stock valued at $205,000 after purchasing an additional 2,418 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEM has been the topic of several recent research reports. TD Securities reduced their price objective on Agnico Eagle Mines from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Raymond James set a $105.00 price target on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Scotiabank raised their price target on Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Jefferies Financial Group raised their price target on Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised their price target on Agnico Eagle Mines from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Moderate Buy” and an average price target of $95.78.

Agnico Eagle Mines Trading Up 1.4 %

NYSE AEM opened at $96.43 on Friday. Agnico Eagle Mines Limited has a fifty-two week low of $47.73 and a fifty-two week high of $101.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.86. The stock has a 50 day simple moving average of $89.44 and a two-hundred day simple moving average of $84.75. The stock has a market cap of $48.50 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Thursday, February 13th. The mining company reported $1.26 earnings per share 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, analysts forecast that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, February 28th. Agnico Eagle Mines’s payout ratio is presently 42.33%.

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.