Agnico Eagle Mines Limited (TSE:AEM) Plans Quarterly Dividend of $0.40

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) announced a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.40 per share on Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, February 28th.

Agnico Eagle Mines Stock Performance

Shares of TSE:AEM traded up C$1.47 on Wednesday, hitting C$140.17. 155,250 shares of the company were exchanged, compared to its average volume of 887,997. The company’s 50 day moving average price is C$126.76 and its two-hundred day moving average price is C$117.50. The firm has a market capitalization of C$49.56 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 22.97 and a beta of 1.10. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. Agnico Eagle Mines has a one year low of C$64.56 and a one year high of C$145.25.

Analyst Upgrades and Downgrades

Separately, National Bankshares upped their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$125.00.

Insider Activity at Agnico Eagle Mines

In related news, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total value of C$2,005,962.24. Also, Director Martine Celej sold 2,208 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total transaction of C$246,942.72. Insiders sold 80,269 shares of company stock valued at $9,616,572 in the last three months. Corporate insiders own 0.08% of the company’s stock.

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.