Agnico Eagle Mines Limited (NYSE:AEM) Shares Sold by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY lowered its position in shares of Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,770 shares of the mining company’s stock after selling 985 shares during the period. Agnico Eagle Mines makes up approximately 1.9% of Cypress Capital Management LLC WY’s portfolio, making the stock its 14th largest position. Cypress Capital Management LLC WY’s holdings in Agnico Eagle Mines were worth $1,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Agnico Eagle Mines by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,224,538 shares of the mining company’s stock valued at $782,855,000 after buying an additional 278,647 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Agnico Eagle Mines by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,794,968 shares of the mining company’s stock valued at $626,981,000 after buying an additional 152,166 shares during the period. Mackenzie Financial Corp boosted its position in Agnico Eagle Mines by 0.4% in the 4th quarter. Mackenzie Financial Corp now owns 9,811,207 shares of the mining company’s stock valued at $538,193,000 after buying an additional 41,068 shares during the period. The Manufacturers Life Insurance Company boosted its position in Agnico Eagle Mines by 8.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,380,993 shares of the mining company’s stock valued at $383,555,000 after buying an additional 665,356 shares during the period. Finally, Flossbach Von Storch AG boosted its position in Agnico Eagle Mines by 0.4% in the 3rd quarter. Flossbach Von Storch AG now owns 5,666,972 shares of the mining company’s stock valued at $257,564,000 after buying an additional 21,766 shares during the period. Institutional investors and hedge funds own 68.34% of the company’s stock.

Agnico Eagle Mines Stock Up 0.3 %

NYSE:AEM traded up $0.22 during midday trading on Monday, hitting $65.74. 1,886,874 shares of the company were exchanged, compared to its average volume of 3,306,317. The company has a fifty day simple moving average of $56.90 and a 200 day simple moving average of $52.67. Agnico Eagle Mines Limited has a fifty-two week low of $43.22 and a fifty-two week high of $67.80. The company has a current ratio of 2.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $32.78 billion, a PE ratio of 69.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings results on Thursday, April 25th. The mining company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.60 by $0.16. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.78 billion. Agnico Eagle Mines had a net margin of 6.79% and a return on equity of 6.09%. Agnico Eagle Mines’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. As a group, equities analysts anticipate that Agnico Eagle Mines Limited will post 2.77 earnings per share for the current fiscal year.

Agnico Eagle Mines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.43%. Agnico Eagle Mines’s dividend payout ratio is presently 168.42%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEM. Jefferies Financial Group lifted their price objective on shares of Agnico Eagle Mines from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. CIBC decreased their price objective on shares of Agnico Eagle Mines from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Raymond James lifted their price objective on shares of Agnico Eagle Mines from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. TD Securities decreased their price objective on shares of Agnico Eagle Mines from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Agnico Eagle Mines in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.14.

Agnico Eagle Mines Company 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.