Agnico Eagle Mines Limited $AEM Holdings Boosted by CWA Asset Management Group LLC

CWA Asset Management Group LLC raised its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,315 shares of the mining company’s stock after acquiring an additional 5,243 shares during the period. CWA Asset Management Group LLC’s holdings in Agnico Eagle Mines were worth $10,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Agnico Eagle Mines in the 2nd quarter worth approximately $25,000. True Wealth Design LLC increased its position in Agnico Eagle Mines by 381.3% in the third quarter. True Wealth Design LLC now owns 154 shares of the mining company’s stock worth $26,000 after buying an additional 122 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Agnico Eagle Mines in the second quarter valued at $29,000. City State Bank boosted its holdings in shares of Agnico Eagle Mines by 69.2% during the second quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after acquiring an additional 110 shares during the period. Finally, Costello Asset Management INC grew its position in shares of Agnico Eagle Mines by 2,166.7% during the second quarter. Costello Asset Management INC now owns 340 shares of the mining company’s stock worth $40,000 after acquiring an additional 325 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Agnico Eagle Mines from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, December 1st. Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a research note on Thursday, October 23rd. Royal Bank Of Canada cut Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $185.00 to $205.00 in a report on Wednesday, December 10th. TD Securities boosted their price objective on 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, Wall Street Zen upgraded Agnico Eagle Mines from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Six investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $201.60.

Agnico Eagle Mines Trading Up 0.4%

Shares of NYSE:AEM opened at $170.28 on Monday. The company has a 50 day moving average of $167.94 and a 200-day moving average of $151.23. The company has a current ratio of 2.12, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The firm has a market cap of $85.44 billion, a P/E ratio of 24.86, a P/E/G ratio of 0.50 and a beta of 0.63. Agnico Eagle Mines Limited has a twelve month low of $79.47 and a twelve month high of $187.50.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its earnings results on Wednesday, October 29th. The mining company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.76 by $0.40. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.During the same quarter in the previous year, the company earned $1.14 earnings per share. As a group, analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Company Profile

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.