Agnico Eagle Mines Ltd. (NYSE:AEM) (TSE:AEM) declared a quarterly dividend on Wednesday, October 26th. Investors of record on Thursday, December 1st will be given a dividend of 0.10 per share by the mining company on Thursday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, November 29th.

Agnico Eagle Mines (NYSE:AEM) opened at 40.88 on Monday. The stock has a market cap of $9.18 billion, a P/E ratio of 114.83 and a beta of -0.42. The company has a 50-day moving average price of $46.77 and a 200 day moving average price of $51.07. Agnico Eagle Mines has a 1-year low of $24.93 and a 1-year high of $60.10.

Agnico Eagle Mines (NYSE:AEM) last announced its earnings results on Wednesday, October 26th. The mining company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Agnico Eagle Mines had a net margin of 3.80% and a return on equity of 2.27%. The business earned $610.86 million during the quarter, compared to the consensus estimate of $555.47 million. During the same quarter last year, the firm earned $0.02 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities analysts expect that Agnico Eagle Mines will post $0.67 earnings per share for the current fiscal year.

Dividend History for Agnico Eagle Mines (NYSE:AEM)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEM. Seven Eight Capital LLC bought a new stake in shares of Agnico Eagle Mines during the second quarter worth about $198,000. Riverhead Capital Management LLC increased its stake in shares of Agnico Eagle Mines by 10.0% in the second quarter. Riverhead Capital Management LLC now owns 3,795 shares of the mining company’s stock worth $534,000 after buying an additional 345 shares in the last quarter. Cipher Capital LP bought a new stake in shares of Agnico Eagle Mines during the second quarter worth about $216,000. US Bancorp DE increased its stake in shares of Agnico Eagle Mines by 12.3% in the second quarter. US Bancorp DE now owns 4,346 shares of the mining company’s stock worth $232,000 after buying an additional 476 shares in the last quarter. Finally, Cantab Capital Partners LLP bought a new stake in shares of Agnico Eagle Mines during the second quarter worth about $416,000. Institutional investors own 62.14% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Agnico Eagle Mines Ltd. (AEM) to Issue Quarterly Dividend of $0.10 on December 15th” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/28/agnico-eagle-mines-ltd-aem-to-issue-quarterly-dividend-of-0-10-on-december-15th.html.

Several brokerages recently weighed in on AEM. Royal Bank Of Canada downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price target for the company. in a research report on Monday, August 8th. Zacks Investment Research downgraded shares of Agnico Eagle Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. BMO Capital Markets set a $72.30 price target on shares of Agnico Eagle Mines and gave the company a “hold” rating in a research report on Sunday, September 18th. Raymond James Financial Inc. raised shares of Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 25th. Finally, TD Securities reissued a “hold” rating and set a $61.00 price target (up previously from $56.00) on shares of Agnico Eagle Mines in a research report on Saturday, August 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $57.13.

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.

5 Day Chart for NYSE:AEM

Receive News & Stock Ratings for Agnico Eagle Mines Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agnico Eagle Mines Ltd. and related stocks with our FREE daily email newsletter.