Agnico Eagle Mines Limited (TSE:AEM) Plans $0.40 Quarterly Dividend

Agnico Eagle Mines Limited (TSE:AEMGet Free Report) (NYSE:AEM) declared a quarterly dividend on Friday, May 31st, TickerTech reports. Investors of record on Friday, June 14th will be paid a dividend of 0.40 per share on Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, May 31st.

Agnico Eagle Mines Stock Down 0.6 %

Shares of AEM traded down C$0.60 during trading hours on Wednesday, reaching C$93.47. The stock had a trading volume of 101,470 shares, compared to its average volume of 1,374,333. Agnico Eagle Mines has a 12 month low of C$59.36 and a 12 month high of C$96.20. The firm has a 50-day simple moving average of C$87.05 and a 200 day simple moving average of C$75.40. The company has a current ratio of 2.21, a quick ratio of 0.89 and a debt-to-equity ratio of 10.14. The company has a market capitalization of C$46.57 billion, a price-to-earnings ratio of 86.66, a P/E/G ratio of 22.97 and a beta of 1.04.

Agnico Eagle Mines (TSE:AEMGet Free Report) (NYSE:AEM) last released its quarterly earnings results on Thursday, April 25th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.20. Agnico Eagle Mines had a return on equity of 2.39% and a net margin of 6.79%. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.20 billion. Equities research analysts predict that Agnico Eagle Mines will post 4.3937412 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Agnico Eagle Mines from C$92.00 to C$105.00 in a research report on Tuesday, April 23rd. National Bankshares dropped their price target on Agnico Eagle Mines from C$105.00 to C$104.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Stifel Nicolaus lifted their price target on Agnico Eagle Mines from C$94.00 to C$104.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Eight Capital lifted their price target on Agnico Eagle Mines from C$92.00 to C$105.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Cormark decreased their price target on Agnico Eagle Mines from C$97.00 to C$90.00 in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$97.50.

Read Our Latest Stock Report on AEM

Insider Buying and Selling

In related news, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$95.01, for a total transaction of C$475,050.00. In related news, Senior Officer Christopher Charles Norman Vollmershausen sold 5,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$95.01, for a total transaction of C$475,050.00. Also, Senior Officer Dominique Girard sold 11,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$94.00, for a total value of C$1,034,000.00. Over the last 90 days, insiders sold 159,000 shares of company stock worth $14,401,410. 0.09% of the stock is owned by corporate insiders.

About Agnico Eagle Mines

(Get Free Report)

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.

See Also

Dividend History for Agnico Eagle Mines (TSE:AEM)

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