Cypress Wealth Services LLC Makes New Investment in Agnico Eagle Mines Limited (NYSE:AEM)

Cypress Wealth Services LLC acquired a new stake in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,787 shares of the mining company’s stock, valued at approximately $225,000.

A number of other large investors have also modified their holdings of AEM. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Agnico Eagle Mines during the 4th quarter valued at about $474,000. Paragon Associates & Paragon Associates II Joint Venture raised its holdings in shares of Agnico Eagle Mines by 20.0% in the 4th quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 150,000 shares of the mining company’s stock worth $8,228,000 after buying an additional 25,000 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Agnico Eagle Mines by 13.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,071,399 shares of the mining company’s stock worth $113,618,000 after buying an additional 243,467 shares in the last quarter. FIL Ltd boosted its stake in Agnico Eagle Mines by 16.4% in the 4th quarter. FIL Ltd now owns 20,107,126 shares of the mining company’s stock valued at $1,102,481,000 after buying an additional 2,831,794 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Agnico Eagle Mines in the fourth quarter valued at $47,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEM has been the subject of a number of analyst reports. TD Securities lifted their price objective on Agnico Eagle Mines from $90.00 to $91.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada boosted their price target on shares of Agnico Eagle Mines from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised shares of Agnico Eagle Mines from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. BMO Capital Markets reduced their target price on Agnico Eagle Mines from $79.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, June 20th. Finally, Jefferies Financial Group raised their price target on Agnico Eagle Mines from $68.00 to $85.00 and gave the company a “hold” rating in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Agnico Eagle Mines Stock Up 1.7 %

NYSE:AEM opened at $79.46 on Friday. Agnico Eagle Mines Limited has a 52-week low of $44.37 and a 52-week high of $85.14. The stock’s fifty day moving average price is $79.85 and its two-hundred day moving average price is $71.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.51. The company has a market cap of $39.75 billion, a price-to-earnings ratio of 83.64, a P/E/G ratio of 0.78 and a beta of 1.10.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 31st. The mining company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.14. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Agnico Eagle Mines had a net margin of 8.44% and a return on equity of 7.16%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. On average, analysts anticipate that Agnico Eagle Mines Limited will post 3.73 EPS for the current year.

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.