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

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

Agnico Eagle Mines Price Performance

Shares of TSE AEM traded up C$1.91 on Wednesday, hitting C$140.61. The company’s stock had a trading volume of 174,848 shares, compared to its average volume of 888,427. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89. Agnico Eagle Mines has a 12-month low of C$64.56 and a 12-month high of C$145.25. The company has a market capitalization of C$49.72 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The stock has a 50 day moving average of C$126.76 and a 200-day moving average of C$117.50.

Analyst Upgrades and Downgrades

Separately, 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. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Agnico Eagle Mines has an average rating of “Buy” and a consensus target price of C$125.00.

Insiders Place Their Bets

In other news, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$139.99, for a total transaction of C$787,455.00. Also, Senior Officer Ammar Al-Joundi sold 17,936 shares of the business’s stock in a transaction on 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. Insiders sold 80,269 shares of company stock worth $9,616,572 over the last ninety days. Company 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.