Agnico Eagle Mines Limited (TSE:AEM) Plans $0.40 Quarterly Dividend

Agnico Eagle Mines Limited (TSE:AEM - Get Free Report) NYSE: AEM announced a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.40 per share on Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, February 28th.

Agnico Eagle Mines Stock Up 1.6 %

Shares of AEM stock traded up C$2.13 during mid-day trading on Friday, reaching C$139.37. 2,783,398 shares of the company were exchanged, compared to its average volume of 954,721. Agnico Eagle Mines has a fifty-two week low of C$64.56 and a fifty-two week high of C$145.25. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.89 and a current ratio of 1.75. The company has a market capitalization of C$49.28 billion, a P/E ratio of 48.97, a P/E/G ratio of 22.97 and a beta of 1.10. The business's 50 day simple moving average is C$128.39 and its 200 day simple moving average is C$118.31.

Wall Street Analysts Forecast Growth

Separately, National Bankshares raised their price target on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$125.00.

Insiders Place Their Bets

In other Agnico Eagle Mines news, Senior Officer Ammar Al-Joundi sold 17,936 shares of Agnico Eagle Mines stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$111.84, for a total value of C$2,005,962.24. Also, Senior Officer Carol-Ann Plummer-Theriault sold 5,625 shares of Agnico Eagle Mines stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$139.99, for a total transaction of C$787,455.00. Insiders sold a total of 80,269 shares of company stock valued at $9,616,572 over the last 90 days. 0.08% of the stock is owned by company insiders.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.