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

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) declared a quarterly dividend on Wednesday, October 30th,TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, November 29th.

Agnico Eagle Mines Price Performance

AEM traded up C$0.83 on Wednesday, reaching C$119.15. The stock had a trading volume of 118,502 shares, compared to its average volume of 1,210,495. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The company has a market capitalization of C$59.70 billion, a price-to-earnings ratio of 73.86, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a fifty-two week low of C$60.17 and a fifty-two week high of C$123.86. The firm has a 50-day moving average of C$113.32 and a 200-day moving average of C$103.13.

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, beating 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 company had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion. As a group, sell-side analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Ammar Al-Joundi sold 19,900 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total value of C$2,174,075.00. Also, Senior Officer Jean Robitaille sold 5,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$118.25, for a total transaction of C$591,250.00. Insiders have sold a total of 86,972 shares of company stock worth $9,784,554 in the last 90 days. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. National Bankshares lifted their target price on shares of 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. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Stifel Nicolaus raised their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. Four 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 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.