Agnico-Eagle Mines Limited (NYSE:AEM) declared a quarterly dividend on Thursday, October 24th, AR Network reports. Shareholders of record on Monday, December 2nd will be given a dividend of $0.22 per share on Monday, December 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, November 27th.
Several analysts have recently commented on the stock. Analysts at Desjardins upgraded shares of Agnico-Eagle Mines Limited from a “hold” rating to a “buy” rating in a research note to investors on Thursday. On the ratings front, analysts at BMO Capital Markets upgraded shares of Agnico-Eagle Mines Limited from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $35.00 price target on the stock, up previously from $32.00. Finally, analysts at Canaccord Genuity initiated coverage on shares of Agnico-Eagle Mines Limited in a research note to investors on Thursday. They set a “hold” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.36.
Shares of Agnico-Eagle Mines Limited (NYSE:AEM) traded up 18.02% on Thursday, hitting $30.52. The stock had a trading volume of 6,971,364 shares. Agnico-Eagle Mines Limited has a 52 week low of $25.00 and a 52 week high of $57.35. The stock’s 50-day moving average is $29.23 and its 200-day moving average is $31.96. The company has a market cap of $5.277 billion and a price-to-earnings ratio of 23.64.
Agnico-Eagle Mines Limited (NYSE:AEM) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.26. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $369.26 million. During the same quarter last year, the company posted $0.77 earnings per share. Agnico-Eagle Mines Limited’s revenue was down 17.1% compared to the same quarter last year. Analysts expect that Agnico-Eagle Mines Limited will post $0.50 EPS for the current fiscal year.
Agnico-Eagle Mines Limited (NYSE:AEM) is a Canada-based international 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.