Dauntless Investment Group LLC Takes Position in Agnico Eagle Mines Limited (NYSE:AEM)

Dauntless Investment Group LLC acquired a new position in shares of Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,450 shares of the mining company's stock, valued at approximately $348,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEM. Duncker Streett & Co. Inc. boosted its position in shares of Agnico Eagle Mines by 37.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 412 shares of the mining company's stock valued at $32,000 after acquiring an additional 112 shares during the period. Pinnacle Wealth Management Group Inc. raised its stake in Agnico Eagle Mines by 0.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 24,407 shares of the mining company's stock valued at $1,909,000 after purchasing an additional 125 shares during the last quarter. Diversify Wealth Management LLC grew its position in Agnico Eagle Mines by 2.1% in the 4th quarter. Diversify Wealth Management LLC now owns 6,753 shares of the mining company's stock worth $569,000 after purchasing an additional 141 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Agnico Eagle Mines by 24.5% during the 4th quarter. Quadrant Capital Group LLC now owns 787 shares of the mining company's stock worth $62,000 after purchasing an additional 155 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Agnico Eagle Mines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the mining company's stock worth $51,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Trading Down 1.7 %

AEM stock traded down $2.00 during trading on Tuesday, hitting $117.02. The company had a trading volume of 1,285,783 shares, compared to its average volume of 2,430,526. The stock has a market cap of $58.89 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 0.66 and a beta of 0.87. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $106.50 and a 200-day moving average price of $92.95. Agnico Eagle Mines Limited has a 12 month low of $63.01 and a 12 month high of $126.76.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last posted its quarterly earnings results on Thursday, April 24th. The mining company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. The business had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.27 billion. Agnico Eagle Mines had a return on equity of 10.45% and a net margin of 22.88%. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. As a group, analysts predict that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current year.

Agnico Eagle Mines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, December 1st. Agnico Eagle Mines's dividend payout ratio (DPR) is 34.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Raymond James lifted their target price on Agnico Eagle Mines from $105.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. National Bank Financial upgraded Agnico Eagle Mines to a "strong-buy" rating in a research note on Friday, March 21st. UBS Group raised their target price on Agnico Eagle Mines from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Jefferies Financial Group boosted their price target on shares of Agnico Eagle Mines from $85.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada lifted their target price on shares of Agnico Eagle Mines from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Agnico Eagle Mines presently has a consensus rating of "Buy" and a consensus price target of $124.40.

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.