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

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

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock opened at C$281.23 on Tuesday. The company has a market cap of C$140.89 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 22.97 and a beta of 1.83. Agnico Eagle Mines has a one year low of C$188.48 and a one year high of C$348.94. The business has a fifty day moving average of C$233.05 and a two-hundred day moving average of C$259.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 2.86.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AEM shares. ATB Cormark Capital Markets upgraded shares of Agnico Eagle Mines from a “sector” rating to an “outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group raised Agnico Eagle Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. National Bank Financial lowered their target price on Agnico Eagle Mines from C$350.00 to C$275.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Stifel Nicolaus cut their price target on Agnico Eagle Mines from C$350.00 to C$310.00 in a research note on Friday, July 17th. Finally, Barclays decreased their price objective on shares of Agnico Eagle Mines from C$298.00 to C$266.00 in a research report on Thursday, July 16th. Two equities research analysts have 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 data from MarketBeat, Agnico Eagle Mines has an average rating of “Moderate Buy” and a consensus price target of C$295.33.

About Agnico Eagle Mines

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.