Agnico Eagle Mines Limited (TSE:AEM) Declares 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 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 29th.

Agnico Eagle Mines Stock Up 0.7 %

Shares of AEM stock traded up C$0.83 during mid-day trading on Wednesday, reaching C$119.15. 118,502 shares of the company’s stock traded hands, compared to its average volume of 1,210,495. The company’s 50-day moving average price is C$113.32 and its 200-day moving average price is C$103.13. The company has a market cap of C$59.70 billion, a P/E ratio of 73.86, a P/E/G ratio of 22.97 and a beta of 1.10. 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 12 month low of C$60.17 and a 12 month high of C$123.86.

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, topping analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The business had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. On average, equities analysts expect that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AEM has been the topic of a number of research analyst reports. UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a report on Tuesday, September 17th. National Bankshares upped 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 report on Friday, November 1st. Finally, Stifel Nicolaus increased their price target 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Agnico Eagle Mines has a consensus rating of “Buy” and an average price target of C$116.00.

Insider Buying and Selling at Agnico Eagle Mines

In related news, Senior Officer Dominique Girard sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$113.49, for a total transaction of C$2,269,800.00. Also, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$112.32, for a total value of C$224,640.00. Insiders have sold 86,972 shares of company stock valued at $9,784,554 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

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.