Agnico Eagle Mines Limited (NYSE:AEM) to Issue Dividend Increase – $0.45 Per Share

Agnico Eagle Mines Limited (NYSE:AEMGet Free Report) (TSE:AEM) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.45 per share by the mining company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 12.5% increase from Agnico Eagle Mines’s previous quarterly dividend of $0.40.

Agnico Eagle Mines has increased its dividend by an average of 0.0%per year over the last three years. Agnico Eagle Mines has a payout ratio of 24.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Agnico Eagle Mines to earn $4.28 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 37.4%.

Agnico Eagle Mines Price Performance

AEM stock opened at $205.35 on Friday. The stock has a market cap of $102.81 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 0.49 and a beta of 0.63. Agnico Eagle Mines has a fifty-two week low of $92.11 and a fifty-two week high of $225.00. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $188.56 and a 200 day moving average price of $166.90.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last released its quarterly earnings data on Thursday, February 12th. The mining company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.13. Agnico Eagle Mines had a net margin of 32.62% and a return on equity of 15.64%. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the company earned $1.26 earnings per share. The firm’s revenue for the quarter was up 60.3% on a year-over-year basis. Equities research analysts anticipate that Agnico Eagle Mines will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines News Summary

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Agnico Eagle Mines Company Profile

(Get Free Report)

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.

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Dividend History for Agnico Eagle Mines (NYSE:AEM)

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