Capital Wealth Planning LLC Has $319.63 Million Position in Agnico Eagle Mines Limited $AEM

Capital Wealth Planning LLC reduced its holdings in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 25.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,880,580 shares of the mining company’s stock after selling 640,775 shares during the period. Agnico Eagle Mines accounts for approximately 2.1% of Capital Wealth Planning LLC’s investment portfolio, making the stock its 20th biggest holding. Capital Wealth Planning LLC’s holdings in Agnico Eagle Mines were worth $319,632,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AEM. Abound Wealth Management grew its holdings in Agnico Eagle Mines by 99.0% during the 4th quarter. Abound Wealth Management now owns 209 shares of the mining company’s stock worth $35,000 after acquiring an additional 104 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $35,000. Jessup Wealth Management Inc acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $35,000. Caitlin John LLC acquired a new stake in shares of Agnico Eagle Mines in the 3rd quarter valued at about $36,000. Finally, Bangor Savings Bank acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at about $37,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AEM. Scotiabank restated an “outperform” rating and issued a $280.00 target price on shares of Agnico Eagle Mines in a research note on Tuesday, February 17th. UBS Group reduced their target price on Agnico Eagle Mines from $240.00 to $210.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Barclays began coverage on Agnico Eagle Mines in a research note on Thursday, May 21st. They issued an “overweight” rating and a $213.00 target price for the company. Wall Street Zen downgraded Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, TD raised their target price on Agnico Eagle Mines from $251.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.08.

Agnico Eagle Mines Stock Performance

Shares of AEM opened at $152.12 on Thursday. The company has a market cap of $76.13 billion, a PE ratio of 14.30, a P/E/G ratio of 3.52 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. Agnico Eagle Mines Limited has a one year low of $114.60 and a one year high of $255.24. The stock has a 50-day moving average of $191.92 and a 200-day moving average of $194.60.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The company’s quarterly revenue was up 66.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 EPS. On average, equities research analysts predict that Agnico Eagle Mines Limited will post 13.18 EPS 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.