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

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM announced a quarterly dividend on Friday, May 30th, TickerTech Dividends reports. Investors of record on Monday, June 16th will be paid a dividend of 0.40 per share on Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, May 30th.

Agnico Eagle Mines Stock Down 1.4%

AEM stock traded down C$2.23 during midday trading on Friday, hitting C$160.95. The stock had a trading volume of 3,047,169 shares, compared to its average volume of 1,062,354. The firm has a market cap of C$56.91 billion, a price-to-earnings ratio of 56.55, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The business has a 50-day moving average of C$157.32 and a two-hundred day moving average of C$137.81. Agnico Eagle Mines has a 52-week low of C$86.66 and a 52-week high of C$175.33. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Insider Activity

In other Agnico Eagle Mines news, Director Sean Boyd sold 5,200 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of C$161.51, for a total value of C$839,852.00. Also, Senior Officer Dominique Girard sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$148.32, for a total value of C$1,483,200.00. Insiders have sold a total of 29,728 shares of company stock valued at $4,566,968 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEM. National Bankshares boosted their target price on Agnico Eagle Mines from C$160.00 to C$190.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Cfra Research raised Agnico Eagle Mines to a "strong-buy" rating in a report on Friday, April 25th. BMO Capital Markets raised Agnico Eagle Mines to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group downgraded Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. Finally, Stifel Canada raised Agnico Eagle Mines to a "strong-buy" rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$139.67.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.