CWA Asset Management Group LLC Sells 13,355 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

CWA Asset Management Group LLC lessened its stake in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 22.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,788 shares of the mining company's stock after selling 13,355 shares during the period. CWA Asset Management Group LLC's holdings in Agnico Eagle Mines were worth $5,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AEM. Jones Financial Companies Lllp grew its stake in shares of Agnico Eagle Mines by 78.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,259 shares of the mining company's stock worth $255,000 after acquiring an additional 1,431 shares during the period. US Bancorp DE lifted its holdings in Agnico Eagle Mines by 2.7% during the fourth quarter. US Bancorp DE now owns 6,770 shares of the mining company's stock valued at $529,000 after purchasing an additional 175 shares during the last quarter. Captrust Financial Advisors boosted its position in Agnico Eagle Mines by 6.5% during the fourth quarter. Captrust Financial Advisors now owns 5,663 shares of the mining company's stock worth $443,000 after purchasing an additional 347 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Agnico Eagle Mines in the fourth quarter worth about $814,000. Finally, Orion Portfolio Solutions LLC raised its position in shares of Agnico Eagle Mines by 5.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 3,268 shares of the mining company's stock valued at $256,000 after purchasing an additional 183 shares during the period. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Price Performance

NYSE:AEM traded down $0.97 during midday trading on Friday, hitting $121.68. The company had a trading volume of 1,533,996 shares, compared to its average volume of 2,575,911. The company has a market capitalization of $61.25 billion, a PE ratio of 25.87, a P/E/G ratio of 1.07 and a beta of 0.51. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.05. Agnico Eagle Mines Limited has a 52-week low of $63.93 and a 52-week high of $126.76. The stock's fifty day moving average price is $117.50 and its 200-day moving average price is $101.47.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.14. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.27 billion. Agnico Eagle Mines had a return on equity of 12.09% and a net margin of 26.48%. The company's revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. As a group, research analysts expect that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a yield of 1.36%. The ex-dividend date was Friday, May 30th. Agnico Eagle Mines's dividend payout ratio is currently 34.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Cfra Research upgraded Agnico Eagle Mines to a "strong-buy" rating in a research report on Friday, April 25th. Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research note on Monday, April 14th. Bank of America increased their price target on shares of Agnico Eagle Mines from $119.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. BMO Capital Markets started coverage on shares of Agnico Eagle Mines in a research note on Wednesday, April 16th. They set an "outperform" rating and a $181.00 price objective for the company. Finally, Wall Street Zen lowered shares of Agnico Eagle Mines from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Agnico Eagle Mines currently has a consensus rating of "Buy" and a consensus price target of $127.40.

About Agnico Eagle Mines

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.