CWA Asset Management Group LLC Has $8.59 Million Stock Position in Agnico Eagle Mines Limited $AEM

CWA Asset Management Group LLC reduced its holdings in Agnico Eagle Mines Limited (NYSE:AEMFree Report) (TSE:AEM) by 21.2% in the fourth quarter, HoldingsChannel reports. The firm owned 50,676 shares of the mining company’s stock after selling 13,639 shares during the period. CWA Asset Management Group LLC’s holdings in Agnico Eagle Mines were worth $8,591,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in shares of Agnico Eagle Mines by 381.3% during the 3rd quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after buying an additional 122 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Agnico Eagle Mines by 59.7% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 198 shares of the mining company’s stock valued at $33,000 after acquiring an additional 74 shares during the period. MCF Advisors LLC bought a new position in Agnico Eagle Mines during the third quarter worth $34,000. Caitlin John LLC acquired a new stake in Agnico Eagle Mines in the third quarter worth $36,000. Finally, Addison Advisors LLC grew its holdings in Agnico Eagle Mines by 94.1% in the third quarter. Addison Advisors LLC now owns 229 shares of the mining company’s stock worth $39,000 after purchasing an additional 111 shares during the period. 68.34% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Agnico Eagle Mines

Here are the key news stories impacting Agnico Eagle Mines this week:

Analysts Set New Price Targets

Several brokerages have recently weighed in on AEM. Scotiabank reiterated an “outperform” rating and set a $280.00 price objective on shares of Agnico Eagle Mines in a report on Tuesday, February 17th. UBS Group restated a “neutral” rating and issued a $240.00 target price on shares of Agnico Eagle Mines in a research note on Friday, January 30th. Zacks Research raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. TD Securities upped their price target on Agnico Eagle Mines from $241.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Citigroup increased their price target on Agnico Eagle Mines from $198.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $234.91.

Get Our Latest Report on AEM

Agnico Eagle Mines Stock Down 3.1%

AEM stock opened at $179.12 on Friday. The stock has a fifty day moving average of $213.77 and a 200-day moving average of $182.89. Agnico Eagle Mines Limited has a fifty-two week low of $94.77 and a fifty-two week high of $255.24. The company has a market capitalization of $89.74 billion, a price-to-earnings ratio of 20.17 and a beta of 0.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 2.02.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last announced its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Agnico Eagle Mines had a return on equity of 18.09% and a net margin of 37.47%.The firm’s quarterly revenue was up 60.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 EPS. As a group, equities research analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. This is an increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 2nd. Agnico Eagle Mines’s payout ratio is presently 20.27%.

Agnico Eagle Mines Profile

(Free Report)

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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

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