Agnico Eagle Mines Limited (NYSE:AEM) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC boosted its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 60,143 shares of the mining company’s stock after buying an additional 3,475 shares during the quarter. CWA Asset Management Group LLC’s holdings in Agnico Eagle Mines were worth $4,704,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AEM. Versant Capital Management Inc purchased a new position in Agnico Eagle Mines in the 4th quarter valued at about $26,000. Abich Financial Wealth Management LLC bought a new position in Agnico Eagle Mines in the second quarter worth about $32,000. FSC Wealth Advisors LLC acquired a new stake in shares of Agnico Eagle Mines in the third quarter valued at approximately $32,000. McClarren Financial Advisors Inc. increased its stake in shares of Agnico Eagle Mines by 684.6% in the third quarter. McClarren Financial Advisors Inc. now owns 510 shares of the mining company’s stock valued at $41,000 after purchasing an additional 445 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Agnico Eagle Mines during the third quarter valued at approximately $48,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Agnico Eagle Mines Stock Performance

AEM traded down $0.88 during trading hours on Monday, reaching $80.20. The company’s stock had a trading volume of 355,403 shares, compared to its average volume of 1,032,348. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 1.75. The firm has a market cap of $40.25 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. The company’s 50-day moving average is $82.27 and its 200-day moving average is $79.19. Agnico Eagle Mines Limited has a 52 week low of $44.37 and a 52 week high of $89.00.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of research reports. Royal Bank of Canada raised their target price on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group raised their price target on shares of Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, UBS Group initiated coverage on shares of Agnico Eagle Mines in a research report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

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.