Agnico Eagle Mines Limited (AEM) Valuation — DCF, Graham & Comparables

Agnico Eagle Mines Limited (AEM) — Price $165.38 (closing price, October 30, 2026) — Basic Materials — Gold — NYSE

Latest reported results:

Valuation dashboard for Agnico Eagle Mines Limited (AEM) with P/E 13.62, P/B 2.83, EV/EBITDA 7.48 and dividend yield 1.06%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Basic Materials companies.

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.

Analysis Summary

Agnico Eagle Mines Limited reported revenue of $11.91B in the most recent fiscal year, growing at a 5-year CAGR of 30.6%. Net income reached $4.46B, with a 54.2% 5-year CAGR.

Trailing-twelve-month margins: gross margin 62.2%, operating margin 58.6%, net margin 41.0%.

At $165.38 (closing price, October 30, 2026), AEM trades at a P/E of 13.62 and an ROE of 22.39%. Market capitalisation stands at $83.6B, placing it among large-cap names.

Balance sheet quality for AEM: current ratio of 2.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio13.62
Price / Book2.83
EV / EBITDA7.48
Dividend Yield1.06%

Valuation Models

DCF Fair Value$200.31
vs Current Price+21.1%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
AEMAgnico Eagle Mines Limited$83.6B13.622.8322.4%
SSRMSSR Mining Inc.$5.4B21.181,624.0910.3%
NEMNewmont Corporation$110.8B12.373.1326.5%
BBarrick Mining Corporation$60.9B9.472.2624.6%
AUAngloGold Ashanti Plc$40.4B10.654.5345.8%
GFIGold Fields Limited$29.4B6.553.2751.9%
KGCKinross Gold Corporation$23.9B7.682.4033.8%
AGIAlamos Gold Inc.$11.5B10.982.3322.5%

Price

Price$165.38 (closing price, October 30, 2026)
Market Cap$83.6B
ExchangeNYSE
CountryCA

Profitability

Return on Equity22.39%
Return on Invested Capital15.95%
Return on Assets15.66%
Gross Margin62.23%
Operating Margin58.62%
Net Margin41.02%

Related companies: SSRM · NEM · B · AU · GFI · KGC · AGI · IAG

Explore sector: Basic Materials · Gold

More sections of AEM: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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