Agnico Eagle Mines Limited (AEM) To Go Ex-Dividend on June 1st

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.45 per share by the mining company on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st.

Agnico Eagle Mines has decreased its dividend payment by an average of 0.0%per year over the last three years. Agnico Eagle Mines has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Agnico Eagle Mines to earn $13.39 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 13.4%.

Agnico Eagle Mines Stock Performance

Shares of NYSE:AEM opened at $183.56 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.15 and a quick ratio of 2.18. The business’s 50 day moving average price is $195.01 and its 200-day moving average price is $194.38. The firm has a market capitalization of $91.87 billion, a PE ratio of 17.25, a P/E/G ratio of 3.88 and a beta of 0.58. Agnico Eagle Mines has a 1 year low of $114.60 and a 1 year high of $255.24.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.21. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. Agnico Eagle Mines had a return on equity of 21.09% and a net margin of 39.46%.The business’s revenue was up 66.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. As a group, equities research analysts expect that Agnico Eagle Mines will post 13.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agnico Eagle Mines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEM. Brighton Jones LLC raised its position in Agnico Eagle Mines by 11.5% in the fourth quarter. Brighton Jones LLC now owns 3,216 shares of the mining company’s stock valued at $252,000 after purchasing an additional 331 shares during the period. AQR Capital Management LLC raised its position in Agnico Eagle Mines by 36.4% in the first quarter. AQR Capital Management LLC now owns 19,829 shares of the mining company’s stock valued at $2,150,000 after purchasing an additional 5,293 shares during the period. Sivia Capital Partners LLC raised its position in Agnico Eagle Mines by 57.2% in the second quarter. Sivia Capital Partners LLC now owns 3,188 shares of the mining company’s stock valued at $379,000 after purchasing an additional 1,160 shares during the period. Rhumbline Advisers raised its position in Agnico Eagle Mines by 8.0% in the second quarter. Rhumbline Advisers now owns 1,810 shares of the mining company’s stock valued at $215,000 after purchasing an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Agnico Eagle Mines by 25.2% in the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the mining company’s stock valued at $110,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

About Agnico Eagle Mines

Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.