Cypress Capital Management LLC WY Purchases 1,266 Shares of Agnico Eagle Mines Limited (NYSE:AEM)

Cypress Capital Management LLC WY increased its position in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 8.1% in the 4th quarter, Holdings Channel reports. The firm owned 16,914 shares of the mining company’s stock after buying an additional 1,266 shares during the quarter. Agnico Eagle Mines comprises approximately 1.5% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 21st biggest position. Cypress Capital Management LLC WY’s holdings in Agnico Eagle Mines were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of AEM. Mediolanum International Funds Ltd acquired a new stake in Agnico Eagle Mines during the fourth quarter valued at approximately $702,000. Forsta AP Fonden boosted its stake in Agnico Eagle Mines by 8.9% in the 4th quarter. Forsta AP Fonden now owns 195,100 shares of the mining company’s stock valued at $15,256,000 after buying an additional 16,000 shares in the last quarter. Perigon Wealth Management LLC grew its position in Agnico Eagle Mines by 3.5% in the fourth quarter. Perigon Wealth Management LLC now owns 8,626 shares of the mining company’s stock valued at $726,000 after acquiring an additional 294 shares during the period. Lebenthal Global Advisors LLC bought a new position in shares of Agnico Eagle Mines during the fourth quarter valued at $335,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Agnico Eagle Mines in the 4th quarter valued at $602,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Performance

AEM stock opened at $94.38 on Friday. The company has a 50 day moving average price of $83.52 and a 200 day moving average price of $81.41. Agnico Eagle Mines Limited has a fifty-two week low of $44.37 and a fifty-two week high of $94.77. 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 stock has a market capitalization of $47.40 billion, a PE ratio of 47.19, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, January 7th. Scotiabank raised their price objective on shares of Agnico Eagle Mines from $103.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

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.