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

Key Points

• Agnico Eagle Mines Limited has declared a quarterly dividend of $0.40 per share, with the payment set for September 15th to stockholders of record on September 2nd, representing an annualized dividend of $1.60 and a yield of 0.94%.
• The company's stock recently traded down to C$170.70, with an average trading volume of 684,715 shares, and it holds a market capitalization of C$60.36 billion.
• Several analysts have upgraded Agnico Eagle Mines' stock to "strong-buy," with price targets reaching C$195.00, indicating strong investor interest and confidence in the company's future performance.

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Tuesday, September 2nd will be given a dividend of 0.40 per share on Monday, September 15th. This represents a c) annualized dividend and a yield of 0.9%.

Agnico Eagle Mines Trading Up 0.4%

TSE AEM traded up C$0.73 during trading hours on Friday, hitting C$172.74. 900,172 shares of the company's stock were exchanged, compared to its average volume of 1,027,649. The stock has a 50-day simple moving average of C$165.80 and a 200 day simple moving average of C$153.94. Agnico Eagle Mines has a 1-year low of C$99.05 and a 1-year high of C$178.40. The firm has a market cap of C$61.08 billion, a price-to-earnings ratio of 60.69, a PEG ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 7.88.

Agnico Eagle Mines Company Profile

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.