Agnico Eagle Mines Limited (AEM) to Issue Quarterly Dividend of $0.45 on June 15th

by · The Cerbat Gem

Agnico Eagle Mines Limited (TSE:AEM – Get Free Report) (NYSE:AEM) declared a quarterly dividend on Monday, June 1st, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be given a dividend of 0.45 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 1st.

Agnico Eagle Mines Price Performance

AEM opened at C$253.48 on Friday. The company has a market capitalization of C$126.75 billion, a P/E ratio of 23.87, a PEG ratio of 22.97 and a beta of 1.87. The company 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 quick ratio of 0.89 and a current ratio of 3.15. Agnico Eagle Mines has a 1-year low of C$156.93 and a 1-year high of C$348.94.

Agnico Eagle Mines (TSE:AEM – Get Free Report) (NYSE:AEM) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$4.73 EPS for the quarter. Agnico Eagle Mines had a net margin of 39.48% and a return on equity of 22.08%. The business had revenue of C$5.70 billion for the quarter. Equities analysts expect that Agnico Eagle Mines will post 5.4966052 EPS for the current fiscal year.

Analyst Ratings Changes

AEM has been the subject of several research 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 objective on Agnico Eagle Mines and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Stifel Nicolaus boosted their target price on shares of Agnico Eagle Mines from C$300.00 to C$350.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. 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. Finally, Erste Group Bank downgraded shares of Agnico Eagle Mines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$318.83.

Check Out Our Latest Stock Report on AEM

Agnico Eagle Mines Company Profile

(Get Free Report)

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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