Agnico Eagle Mines Limited (AEM) To Go Ex-Dividend on December 1st

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) announced a quarterly dividend on Monday, December 1st, TickerTech Dividends reports. Stockholders of record on Monday, December 15th will be given a dividend of 0.40 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, December 1st.

Agnico Eagle Mines Trading Up 0.7%

AEM traded up C$1.69 during trading hours on Friday, reaching C$243.79. The company’s stock had a trading volume of 678,942 shares, compared to its average volume of 1,017,131. Agnico Eagle Mines has a fifty-two week low of C$110.70 and a fifty-two week high of C$263.23. The stock has a market cap of C$122.74 billion, a PE ratio of 35.64, a P/E/G ratio of 22.97 and a beta of 1.32. The business’s 50-day moving average is C$232.29 and its 200-day moving average is C$195.65. The company has a debt-to-equity ratio of 7.88, a current ratio of 1.75 and a quick ratio of 0.89.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last posted its earnings results on Wednesday, October 29th. The company reported C$2.16 EPS for the quarter. The company had revenue of C$4.26 billion for the quarter. Agnico Eagle Mines had a return on equity of 5.05% and a net margin of 12.86%. As a group, equities research analysts predict that Agnico Eagle Mines will post 5.4966052 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their target price on shares of Agnico Eagle Mines from C$195.00 to C$300.00 in a research report on Monday, October 20th. Five analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$198.33.

About Agnico Eagle Mines

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.