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 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 29th.

Agnico Eagle Mines Stock Down 1.0 %

Shares of TSE AEM opened at C$117.14 on Thursday. The company has a 50 day simple moving average of C$113.60 and a 200 day simple moving average of C$103.33. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.51 and a quick ratio of 0.89. Agnico Eagle Mines has a 1 year low of C$60.17 and a 1 year high of C$123.86. The firm has a market cap of C$58.69 billion, a PE ratio of 73.79, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last released its quarterly earnings results 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 net margin of 8.49% and a return on equity of 3.10%. The firm had revenue of C$2.94 billion during the quarter, compared to the consensus estimate of C$2.50 billion. On average, research analysts forecast that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. National Bankshares upped their price target on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group raised shares of Agnico Eagle Mines to a “strong-buy” rating in a research report on Tuesday, September 17th. Finally, Stifel Nicolaus upped their price objective on shares of Agnico Eagle Mines from C$114.00 to C$140.00 in a research note 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$116.00.

Insider Transactions at Agnico Eagle Mines

In related news, Senior Officer Dominique Girard sold 20,000 shares of the company’s stock in a transaction that occurred on 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 the firm’s 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 sold a total of 86,972 shares of company stock valued at $9,784,554 in the last quarter. 0.08% of the stock is currently owned by company 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.