Agnico Eagle Mines Limited (NYSE:AEM) to Issue $0.45 Quarterly Dividend

Agnico Eagle Mines Limited (NYSE:AEMGet Free Report) (TSE:AEM) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.45 per share by the mining company on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st.

Agnico Eagle Mines has decreased its dividend payment by an average of 0.0%annually over the last three years. Agnico Eagle Mines has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Agnico Eagle Mines to earn $13.39 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 13.4%.

Agnico Eagle Mines Trading Up 3.1%

AEM opened at $183.56 on Friday. The firm has a market cap of $91.87 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 3.88 and a beta of 0.58. The company has a current ratio of 3.15, a quick ratio of 2.18 and a debt-to-equity ratio of 0.01. Agnico Eagle Mines has a 12 month low of $114.60 and a 12 month high of $255.24. The stock has a fifty day moving average price of $195.01 and a 200-day moving average price of $194.38.

Agnico Eagle Mines (NYSE:AEMGet Free Report) (TSE:AEM) last released its quarterly earnings results on Thursday, April 30th. The mining company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.21. Agnico Eagle Mines had a net margin of 39.46% and a return on equity of 21.09%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the business earned $1.53 EPS. The company’s revenue was up 66.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Agnico Eagle Mines will post 13.14 earnings per share for the current fiscal year.

Agnico Eagle Mines Company Profile

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Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production.

Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure.

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Dividend History for Agnico Eagle Mines (NYSE:AEM)

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