Agnico Eagle Mines Limited (AEM.TO) (TSE:AEM) Increases Dividend to $0.47 Per Share

Agnico Eagle Mines Limited (AEM.TO) (TSE:AEM) (NYSE:AEM) declared a quarterly dividend on Wednesday, October 28th, Zacks reports. Investors of record on Wednesday, November 25th will be given a dividend of 0.466 per share on Tuesday, December 15th. This represents a $1.86 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, November 24th. This is a boost from Agnico Eagle Mines Limited (AEM.TO)’s previous quarterly dividend of $0.27.

Shares of AEM stock traded down C$0.03 on Friday, hitting C$104.76. 135,202 shares of the company’s stock traded hands, compared to its average volume of 901,079. The company has a debt-to-equity ratio of 36.76, a quick ratio of 1.39 and a current ratio of 3.27. Agnico Eagle Mines Limited has a one year low of C$43.25 and a one year high of C$117.35. The company’s fifty day simple moving average is C$106.63 and its 200 day simple moving average is C$95.24. The stock has a market capitalization of $25.24 billion and a price-to-earnings ratio of 51.17.

Agnico Eagle Mines Limited (AEM.TO) (TSE:AEM) (NYSE:AEM) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.02. The firm had revenue of C$772.57 million during the quarter. As a group, sell-side analysts anticipate that Agnico Eagle Mines Limited will post 0.66 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on AEM shares. National Bank Financial cut their price target on shares of Agnico Eagle Mines Limited (AEM.TO) from C$130.00 to C$128.00 in a report on Thursday, October 22nd. Cormark raised their price target on shares of Agnico Eagle Mines Limited (AEM.TO) from C$114.00 to C$120.00 in a report on Friday, July 31st. Eight Capital raised their price target on shares of Agnico Eagle Mines Limited (AEM.TO) from C$105.00 to C$140.00 in a report on Wednesday, October 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Agnico Eagle Mines Limited (AEM.TO) in a report on Thursday.

In other news, Senior Officer Louise Grondin sold 11,500 shares of Agnico Eagle Mines Limited (AEM.TO) stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$104.68, for a total transaction of C$1,203,820.00. Following the sale, the insider now owns 61,989 shares of the company’s stock, valued at approximately C$6,489,008.52. Also, Senior Officer Marc Legault sold 10,000 shares of Agnico Eagle Mines Limited (AEM.TO) stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$111.07, for a total transaction of C$1,110,700.00. Following the sale, the insider now directly owns 65,824 shares in the company, valued at approximately C$7,311,071.68. Insiders have sold a total of 26,794 shares of company stock worth $2,889,285 in the last ninety days.

About Agnico Eagle Mines Limited (AEM.TO)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits.

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Dividend History for Agnico Eagle Mines Limited (AEM.TO) (TSE:AEM)

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