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

Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.45 per share by the mining company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Agnico Eagle Mines to earn $11.25 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 16.0%.

Agnico Eagle Mines Stock Down 4.2%

Shares of NYSE AEM opened at $206.41 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. The stock has a market capitalization of $104.63 billion, a PE ratio of 17.66, a P/E/G ratio of 2.56 and a beta of 0.60. Agnico Eagle Mines has a one year low of $134.38 and a one year high of $255.24. The business’s fifty day moving average price is $165.50 and its 200-day moving average price is $187.44.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.16. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Agnico Eagle Mines had a return on equity of 22.04% and a net margin of 40.44%.The firm’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. On average, equities research analysts anticipate that Agnico Eagle Mines will post 11.56 EPS for the current year.

Agnico Eagle Mines Company Profile

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.