Agnico Eagle Mines Limited (AEM) to Issue Quarterly Dividend of $0.40 on December 16th

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) announced a quarterly dividend on Wednesday, October 30th,TickerTech Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.40 per share on Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, November 29th.

Agnico Eagle Mines Stock Performance

Shares of Agnico Eagle Mines stock traded down C$0.18 during midday trading on Wednesday, hitting C$118.14. The company had a trading volume of 283,735 shares, compared to its average volume of 1,211,241. The company has a fifty day simple moving average of C$113.32 and a 200 day simple moving average of C$103.13. The stock has a market cap of C$59.19 billion, a price-to-earnings ratio of 74.47, a PEG ratio of 22.97 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. Agnico Eagle Mines has a 12-month low of C$60.17 and a 12-month high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.56 EPS for the quarter, topping the consensus estimate of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The business had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion. As a group, analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Dominique Girard sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$113.49, for a total value of C$2,269,800.00. Also, Director Sean Boyd sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$116.15, for a total value of C$1,161,500.00. Insiders sold 86,972 shares of company stock valued at $9,784,554 in the last three months. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

AEM has been the subject of several research reports. Stifel Nicolaus raised their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. National Bankshares boosted their target price on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group upgraded shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$116.00.

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.