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

Key Points

• Agnico Eagle Mines declared a quarterly dividend of C$0.45 per share, payable September 15 to shareholders of record on the same date; the ex-dividend date is September 1.
• AEM shares opened at C$281.23, with a market capitalization of approximately C$140.89 billion and a 52-week trading range of C$188.48 to C$348.94.
• Analysts maintain a “Moderate Buy” consensus with an average price target of C$295.33, despite several brokerages recently lowering their targets.

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM announced a quarterly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.45 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st.

Agnico Eagle Mines Price Performance

AEM stock opened at C$281.23 on Tuesday. The company has a market capitalization of C$140.89 billion, a P/E ratio of 24.08, a PEG ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines has a twelve month low of C$188.48 and a twelve month high of C$348.94. The business has a 50 day simple moving average of C$233.05 and a 200-day simple moving average of C$259.26. The company has a current ratio of 2.86, a quick ratio of 0.89 and a debt-to-equity ratio of 1.12.

Agnico Eagle Mines (TSE:AEM - Get Free Report) NYSE: AEM last announced its earnings results on Wednesday, July 29th. The company reported C$4.33 earnings per share (EPS) for the quarter. The business had revenue of C$5.53 billion for the quarter. Agnico Eagle Mines had a net margin of 40.45% and a return on equity of 22.69%. As a group, equities analysts anticipate that Agnico Eagle Mines will post 5.4966052 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on AEM. National Bank Financial lowered their price objective on shares of Agnico Eagle Mines from C$350.00 to C$275.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 14th. Stifel Nicolaus decreased their target price on shares of Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. Barclays lowered their price target on Agnico Eagle Mines from C$298.00 to C$266.00 in a report on Thursday, July 16th. Jefferies Financial Group upgraded Agnico Eagle Mines from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. Finally, ATB Cormark Capital Markets raised Agnico Eagle Mines from a "sector" rating to an "outperform" rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$295.33.

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.

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