Agnico Eagle Mines Ltd (AEM) Declares Quarterly Dividend of C$0.10
Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) announced a quarterly dividend on Tuesday, November 29th. Investors of record on Thursday, December 15th will be paid a dividend of 0.10 per share on Thursday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, November 29th.
Shares of Agnico Eagle Mines (TSE:AEM) traded up 2.81% during midday trading on Monday, reaching $56.66. 653,016 shares of the company were exchanged. The stock has a market capitalization of $12.73 billion and a price-to-earnings ratio of 159.16. The company’s 50-day moving average price is $62.30 and its 200 day moving average price is $66.73. Agnico Eagle Mines has a 52-week low of $34.45 and a 52-week high of $78.35.
AEM has been the topic of a number of recent analyst reports. Canaccord Genuity cut their target price on shares of Agnico Eagle Mines to C$81.00 in a research note on Monday, October 24th. Desjardins cut their target price on shares of Agnico Eagle Mines to C$77.00 in a research note on Thursday, October 20th. TD Securities upped their target price on shares of Agnico Eagle Mines from C$56.00 to C$61.00 and gave the company a “hold” rating in a research note on Thursday, August 11th. Raymond James Financial Inc. upgraded shares of Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 25th. Finally, Scotiabank restated an “outperform” rating and issued a C$68.50 target price on shares of Agnico Eagle Mines in a research note on Tuesday, November 22nd. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Agnico Eagle Mines currently has an average rating of “Buy” and a consensus price target of C$66.88.
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About Agnico Eagle Mines
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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