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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) declared a quarterly dividend on Wednesday, October 30th,TickerTech Dividends reports. Shareholders of record on Friday, November 29th will be given 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 of this dividend is Friday, November 29th.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded down C$0.07 during mid-day trading on Wednesday, hitting C$118.25. 313,680 shares of the company were exchanged, compared to its average volume of 1,211,620. The company has a quick ratio of 0.89, a current ratio of 1.51 and a debt-to-equity ratio of 9.94. The business has a fifty day moving average of C$113.60 and a 200 day moving average of C$103.33. Agnico Eagle Mines has a 1-year low of C$60.17 and a 1-year high of C$123.86. The company has a market capitalization of C$59.25 billion, a PE ratio of 73.79, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

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

Insider Activity at Agnico Eagle Mines

In related news, Senior Officer Jean Robitaille sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$118.25, for a total value of C$591,250.00. Also, Senior Officer Dominique Girard sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$113.49, for a total value of C$2,269,800.00. Insiders have sold a total of 86,972 shares of company stock worth $9,784,554 over the last 90 days. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.