Agnico Eagle Mines Limited Declares Quarterly Dividend of $0.45 (TSE:AEM)

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) announced a quarterly dividend on Monday, June 1st, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be paid a dividend of 0.45 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, June 1st.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$253.48 on Friday. Agnico Eagle Mines has a 1-year low of C$156.93 and a 1-year high of C$348.94. The business has a 50-day moving average of C$268.71 and a 200-day moving average of C$267.77. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.15 and a quick ratio of 0.89. The company has a market capitalization of C$126.75 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 22.97 and a beta of 1.87.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Thursday, April 30th. The company reported C$4.73 earnings per share for the quarter. Agnico Eagle Mines had a return on equity of 22.08% and a net margin of 39.48%.The company had revenue of C$5.70 billion during the quarter. On average, equities analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Analyst Ratings Changes

AEM has been the subject of several analyst reports. National Bank Financial set a C$350.00 target price on Agnico Eagle Mines and gave the stock an “outperform” rating in a research report on Monday, May 25th. Barclays set a C$292.00 price target on shares of Agnico Eagle Mines and gave the company an “overweight” rating in a report on Friday, May 22nd. ATB Cormark Capital Markets raised shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a report on Monday, May 4th. Stifel Nicolaus raised their price target on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Agnico Eagle Mines from C$321.00 to C$300.00 in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Agnico Eagle Mines currently has an average rating of “Moderate Buy” and an average target price of C$318.83.

Agnico Eagle Mines Company Profile

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. The Company is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.