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. Investors of record on Friday, November 29th will be paid a dividend of 0.40 per share on Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, November 29th.

Agnico Eagle Mines Trading Down 1.0 %

TSE AEM opened at C$117.14 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94. The firm has a market capitalization of C$58.69 billion, a P/E ratio of 73.79, a PEG ratio of 22.97 and a beta of 1.10. The business has a fifty day simple moving average of C$113.60 and a 200 day simple moving average of C$103.33. 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 released its quarterly earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, beating 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 company had revenue of C$2.94 billion for the quarter, compared to analyst estimates of C$2.50 billion. On average, analysts predict that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AEM shares. National Bankshares boosted their target price on Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their price objective on Agnico Eagle Mines from C$114.00 to C$140.00 in a research report on Monday, October 21st. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Agnico Eagle Mines currently has a consensus rating of “Buy” and a consensus price target of C$116.00.

Insiders Place Their Bets

In other news, Senior Officer Jean Robitaille sold 5,000 shares of Agnico Eagle Mines stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$118.25, for a total value of C$591,250.00. Also, Senior Officer Ammar Al-Joundi sold 19,900 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$109.25, for a total transaction of C$2,174,075.00. Insiders sold 86,972 shares of company stock valued at $9,784,554 over the last ninety days. 0.08% of the stock is currently owned by 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.