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

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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, February 28th.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded up C$1.91 during mid-day trading on Wednesday, hitting C$140.61. 174,848 shares of the company were exchanged, compared to its average volume of 888,427. The company has a market capitalization of C$49.72 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business has a fifty day moving average of C$126.76 and a 200 day moving average of C$117.50. Agnico Eagle Mines has a 1-year low of C$64.56 and a 1-year high of C$145.25. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 7.88.

Analysts Set New Price Targets

Separately, National Bankshares raised their target price on 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$125.00.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Ammar Al-Joundi sold 17,936 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$111.84, for a total transaction of C$2,005,962.24. Also, Senior Officer Jean Robitaille sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$122.00, for a total transaction of C$1,220,000.00. In the last quarter, insiders have sold 80,269 shares of company stock valued at $9,616,572. 0.08% of the stock is currently owned by corporate insiders.

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.