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

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

Agnico Eagle Mines Stock Down 0.5 %

TSE:AEM traded down C$0.57 during trading hours on Wednesday, hitting C$117.75. The stock had a trading volume of 211,063 shares, compared to its average volume of 1,210,967. The company has a market cap of C$59.00 billion, a PE ratio of 74.47, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business has a 50 day simple moving average of C$113.32 and a two-hundred day simple moving average of C$103.13. The company has a current ratio of 1.51, a quick ratio of 0.89 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.

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 (EPS) for the quarter, topping 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 firm had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Jean Robitaille sold 5,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$118.25, for a total value of C$591,250.00. Also, Senior Officer Dominique Girard sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$113.49, for a total value of C$2,269,800.00. Over the last 90 days, insiders have sold 86,972 shares of company stock worth $9,784,554. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AEM. UBS Group upgraded Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. National Bankshares upped their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus boosted 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$116.00.

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.