CWA Asset Management Group LLC Makes New $4.57 Million Investment in Agnico Eagle Mines Limited (NYSE:AEM)

CWA Asset Management Group LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,668 shares of the mining company's stock, valued at approximately $4,565,000.

Several other hedge funds also recently modified their holdings of the company. Norden Group LLC increased its holdings in Agnico Eagle Mines by 67.5% during the 1st quarter. Norden Group LLC now owns 7,353 shares of the mining company's stock valued at $439,000 after purchasing an additional 2,963 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Agnico Eagle Mines by 10.6% in the first quarter. Private Advisor Group LLC now owns 11,189 shares of the mining company's stock valued at $667,000 after buying an additional 1,073 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Agnico Eagle Mines in the first quarter valued at about $878,000. Envestnet Portfolio Solutions Inc. lifted its position in Agnico Eagle Mines by 2.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 54,123 shares of the mining company's stock worth $3,228,000 after buying an additional 1,141 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Agnico Eagle Mines during the 1st quarter worth about $2,054,000. Institutional investors and hedge funds own 68.34% of the company's stock.

Wall Street Analysts Forecast Growth

AEM has been the subject of a number of research analyst reports. Scotiabank boosted their target price on shares of Agnico Eagle Mines from $81.00 to $94.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Jefferies Financial Group increased their price objective on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a "hold" rating in a research report on Friday, October 4th. TD Securities lifted their target price on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. UBS Group began coverage on Agnico Eagle Mines in a research note on Tuesday, September 17th. They set a "buy" rating and a $95.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on Agnico Eagle Mines from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Agnico Eagle Mines currently has an average rating of "Moderate Buy" and an average price target of $86.78.

Agnico Eagle Mines Trading Down 2.0 %

Shares of Agnico Eagle Mines stock traded down $1.69 during trading on Friday, hitting $83.84. 1,990,111 shares of the company were exchanged, compared to its average volume of 2,447,188. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 0.83. The firm has a market capitalization of $42.07 billion, a P/E ratio of 41.92, a price-to-earnings-growth ratio of 0.72 and a beta of 1.09. The firm's fifty day moving average price is $82.60 and its 200 day moving average price is $74.98. Agnico Eagle Mines Limited has a 1-year low of $44.37 and a 1-year high of $89.00.

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.