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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) declared a quarterly dividend on Wednesday, October 30th,TickerTech Dividends reports. Investors 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 1.36%. The ex-dividend date of this dividend is Friday, November 29th.

Agnico Eagle Mines Trading Down 0.5 %

Shares of AEM stock traded down C$0.57 during trading hours on Wednesday, hitting C$117.75. 211,063 shares of the company were exchanged, compared to its average volume of 1,210,967. The firm has a fifty day moving average of C$113.32 and a 200 day moving average of C$103.13. 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 1 year low of C$60.17 and a 1 year high of C$123.86. The firm has a market cap of C$59.00 billion, a PE ratio of 74.47, a PEG ratio of 22.97 and a beta of 1.10.

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

Analyst Ratings Changes

AEM has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, National Bankshares upped 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. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and an average price target of C$116.00.

Insider Activity

In other Agnico Eagle Mines news, Senior Officer Dominique Girard sold 20,000 shares of the firm’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 John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$112.32, for a total transaction of C$224,640.00. Over the last 90 days, insiders have sold 86,972 shares of company stock worth $9,784,554. Company insiders own 0.08% of the company’s stock.

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.