Agnico Eagle Mines Limited (AEM) is a publicly traded company in the Basic Materials — Gold industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Agnico Eagle Mines Limited is engaged in the discovery, growth, and operation of mineral sites across Canada, Mexico, and Finland. The company organizes its business into Northern and Southern segments. Primarily, it focuses on the extraction and sale of gold, while also exploring for deposits of silver, zinc, and copper. Its principal asset is the LaRonde mine, located in the Abitibi region of northwestern Quebec, Canada.
Is Agnico Eagle Mines Limited stock overvalued or undervalued in 2026?
Agnico Eagle Mines Limited (AEM) trades at 13.6× earnings (P/E), against a median of 18.8× across the 156 materials companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (13.6) does not tell whether it is cheap.
Kaplio overview: Agnico Eagle Mines Limited
Market cap $84B · 52 weeks $136 – $252 (34 % below the high) · P/E 13.6× · 2027 expected P/E 14.0× · Dividend 1.1 % · Next earnings February 11, 2027 · expected EPS $2.57 · Closing price, Oct 30 · accounts published Oct 28.
- Valuation: P/E 13.6× (no verdict).
- Business: ROIC 16 % (fair).
- Balance sheet: Net cash/EBITDA 0.3× (solid).
- Earnings: 7 of 8 (on track).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (13.6) does not tell whether it is cheap.
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 66.3 times.
What matters in materials: 5 of 8 pass
- FCF yield 3.1 %, fails.
- P/B across cycles 2.8×, fails.
- Capex / D&A 1.6×, borderline.
- Gross margin 58.1 %, passes.
- Net debt / EBITDA (trough) −0.3×, passes.
- Dividend coverage 5.9×, passes.
- Altman Z-Score 6.5, passes.
- Cycle-adjusted EV/EBITDA 7.5×, passes.
Against its peers (reference peers) — Agnico Eagle Mines Limited: P/E 13.6×; EV/EBITDA 7.5×; ROIC 15.9 %; $83.6B. Newmont Corporation (P/E 12.4×; EV/EBITDA 6.4×; ROIC 17.4 %; $111B), Barrick Mining Corporation (P/E 9.5×; EV/EBITDA 4.8×; ROIC 17.3 %; $60.9B), AngloGold Ashanti Plc (P/E 10.7×; EV/EBITDA 4.9×; ROIC 31.3 %; $40.4B).
Expensive or cheap against its last ten years?
P/E at each close: today 13.6× · median 31.7× · minimum 11.3× · maximum 71.8× · cheap below 24.2× · expensive above 42.0×. It has been cheaper than today only 2% of the time over its last ten years.
Dividend
tight (only raised recently) · Yield 1.1 % ($1.45 per ADS in 2025) · Years raising it 2 · 5-year growth +13 % a year · Free cash flow coverage 3.6× · With $1,000 invested today you'd collect $10.60 a year ($0.88 a month).
Profitability
| Return on Equity | 22.39% |
| Return on Invested Capital | 15.95% |
| Return on Assets | 15.66% |
| Gross Margin | 62.23% |
| Operating Margin | 58.62% |
| Net Margin | 41.02% |
Financial Health
| Debt / Equity | 0.01 |
| Current Ratio | 2.75 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 6.51 |
Price Performance
| 1 month | -8.42% |
| 3 months | +13.84% |
| Year-to-date | -2.45% |
| 1 year | +2.84% |
| 3 years | +251.80% |
| 5 years | +210.98% |
| 10 years | +222.88% |
Dividend History
Paid in the last 12 months: $1.7500 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-01 | $0.4500 |
| 2026-06-01 | $0.4500 |
| 2026-03-02 | $0.4500 |
| 2025-12-01 | $0.4000 |
| 2025-09-02 | $0.4000 |
| 2025-05-30 | $0.4000 |
| 2025-02-28 | $0.4000 |
| 2024-11-29 | $0.4000 |
| 2024-08-30 | $0.4000 |
| 2024-05-31 | $0.4000 |
Amounts adjusted for stock splits.
Related companies: SSRM · NEM · B · AU · GFI · KGC · AGI · IAG
Explore sector: Basic Materials · Gold
More sections of AEM: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks