Cwm LLC Acquires 2,399 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Cwm LLC raised its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 45.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,649 shares of the mining company's stock after acquiring an additional 2,399 shares during the quarter. Cwm LLC's holdings in Agnico Eagle Mines were worth $829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AEM. Norges Bank bought a new stake in Agnico Eagle Mines during the fourth quarter valued at about $573,446,000. Capital World Investors grew its position in shares of Agnico Eagle Mines by 41.9% during the fourth quarter. Capital World Investors now owns 13,952,061 shares of the mining company's stock valued at $1,091,550,000 after purchasing an additional 4,121,164 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Agnico Eagle Mines by 81.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,051,473 shares of the mining company's stock valued at $551,339,000 after purchasing an additional 3,155,927 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Agnico Eagle Mines by 33.2% during the fourth quarter. Geode Capital Management LLC now owns 3,006,646 shares of the mining company's stock valued at $239,844,000 after purchasing an additional 749,932 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Agnico Eagle Mines by 304.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 913,936 shares of the mining company's stock valued at $71,465,000 after purchasing an additional 687,971 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

Agnico Eagle Mines Stock Up 4.9%

Shares of NYSE AEM opened at $128.63 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.37 and a quick ratio of 1.20. The company has a market cap of $64.68 billion, a P/E ratio of 27.37, a PEG ratio of 0.90 and a beta of 0.50. Agnico Eagle Mines Limited has a 1 year low of $69.72 and a 1 year high of $129.77. The firm has a 50-day simple moving average of $117.99 and a two-hundred day simple moving average of $107.33.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data 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 business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.27 billion. Agnico Eagle Mines had a net margin of 26.48% and a return on equity of 12.09%. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Research analysts anticipate 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 disclosed 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 payout ratio is currently 34.04%.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price objective on Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Lake Street Capital restated a "buy" rating on shares of Agnico Eagle Mines in a research report on Monday, June 23rd. UBS Group raised their price objective on Agnico Eagle Mines from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Bank of America raised their price objective on Agnico Eagle Mines from $170.00 to $173.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Scotiabank restated an "outperform" rating on shares of Agnico Eagle Mines in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $136.90.

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.

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