Cwm LLC Sells 1,231 Shares of Agnico Eagle Mines Limited $AEM

Cwm LLC lessened its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,418 shares of the mining company’s stock after selling 1,231 shares during the quarter. Cwm LLC’s holdings in Agnico Eagle Mines were worth $763,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AEM. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines in the second quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Agnico Eagle Mines in the first quarter worth $26,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Agnico Eagle Mines in the first quarter worth $26,000. Private Trust Co. NA lifted its position in shares of Agnico Eagle Mines by 454.9% in the first quarter. Private Trust Co. NA now owns 283 shares of the mining company’s stock worth $31,000 after purchasing an additional 232 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Agnico Eagle Mines in the first quarter worth $34,000. Institutional investors own 68.34% of the company’s stock.

Agnico Eagle Mines Price Performance

NYSE:AEM opened at $163.30 on Thursday. Agnico Eagle Mines Limited has a one year low of $75.17 and a one year high of $187.50. The company has a market cap of $82.11 billion, a P/E ratio of 27.77, a P/E/G ratio of 0.75 and a beta of 0.46. The firm’s fifty day moving average price is $155.77 and its two-hundred day moving average price is $131.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. Equities analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Raymond James Financial upped their price target on shares of Agnico Eagle Mines from $155.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. UBS Group upped their price target on shares of Agnico Eagle Mines from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Bank of America upped their price target on shares of Agnico Eagle Mines from $209.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. TD Securities upped their price target on shares of Agnico Eagle Mines from $154.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Citigroup upped their price target on shares of Agnico Eagle Mines from $140.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Six investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Agnico Eagle Mines has an average rating of “Buy” and an average price target of $175.20.

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.