Today: Agnico Eagle Mines Ltd (AEM) Declares Quarterly Dividend of C$0.10

Today: 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 given a dividend of 0.10 per share on Thursday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 29th.

Agnico Eagle Mines (TSE:AEM) traded up 2.81% during mid-day trading on Monday, reaching $56.66. 653,016 shares of the company traded hands. The firm has a market cap of $12.73 billion and a PE ratio of 159.16. Agnico Eagle Mines has a one year low of $34.45 and a one year high of $78.35. The stock’s 50-day moving average price is $62.30 and its 200-day moving average price is $66.73.

Several equities research analysts have weighed in on AEM shares. TD Securities raised their price objective on shares of Agnico Eagle Mines from C$56.00 to C$61.00 and gave the company a “hold” rating in a research report on Thursday, August 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of Agnico Eagle Mines in a research report on Monday, September 19th. Desjardins lowered their price objective on shares of Agnico Eagle Mines to C$77.00 in a research report on Thursday, October 20th. Canaccord Genuity lowered their price objective on shares of Agnico Eagle Mines to C$81.00 in a research report on Monday, October 24th. Finally, Raymond James Financial Inc. upgraded shares of Agnico Eagle Mines from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 25th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Agnico Eagle Mines presently has an average rating of “Buy” and an average target price of C$66.88.

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