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

Agnico Eagle Mines Limited (TSE:AEMGet Free Report) (NYSE:AEM) declared a quarterly dividend on Monday, December 1st, TickerTech Dividends reports. Investors of record on Monday, December 15th will be paid a dividend of 0.40 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, December 1st.

Agnico Eagle Mines Stock Performance

AEM opened at C$243.79 on Friday. The company has a market capitalization of C$122.74 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 22.97 and a beta of 1.32. The business’s 50-day moving average price is C$232.29 and its two-hundred day moving average price is C$195.65. Agnico Eagle Mines has a 1 year low of C$110.70 and a 1 year high of C$263.23. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEMGet Free Report) (NYSE:AEM) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$2.16 earnings per share (EPS) for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%.The business had revenue of C$4.26 billion during the quarter. Equities analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a research note on Monday, October 20th. Five research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Agnico Eagle Mines presently has a consensus rating of “Strong Buy” and a consensus price target of C$198.33.

Read Our Latest Report on Agnico Eagle Mines

About Agnico Eagle Mines

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Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020.

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Dividend History for Agnico Eagle Mines (TSE:AEM)

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