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 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 1.35%. The ex-dividend date of this dividend is Friday, November 29th.

Agnico Eagle Mines Stock Down 0.2 %

TSE AEM traded down C$0.18 during trading hours on Wednesday, hitting C$118.14. 283,735 shares of the company were exchanged, compared to its average volume of 1,211,241. The company has a 50 day moving average of C$113.32 and a two-hundred 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. The firm has a market cap of C$59.19 billion, a price-to-earnings ratio of 74.47, a PEG ratio of 22.97 and a beta of 1.10. Agnico Eagle Mines has a 52-week low of C$60.17 and a 52-week high of C$123.86.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results 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. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Equities research analysts anticipate that Agnico Eagle Mines will post 5.4966052 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a report on Monday, October 21st. 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 report on Friday, November 1st. Finally, UBS Group raised Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$116.00.

Insider Buying and Selling at Agnico Eagle Mines

In other Agnico Eagle Mines news, Director John Merfyn Roberts sold 2,000 shares of Agnico Eagle Mines stock in a transaction 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. Also, Senior Officer Dominique Girard sold 20,000 shares of the firm’s stock in a transaction dated 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. Insiders sold 86,972 shares of company stock worth $9,784,554 over the last 90 days. Corporate 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.