Agnico Eagle Mines (AEM) Stock Analysis

September 7, 2026

This is a peer-relative look at Agnico Eagle Mines (AEM): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Agnico Eagle Mines (AEM)
Profile Item	AEM
Name	Agnico Eagle Mines Limited
Country/Region	Canada
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Gold
Market Capitalization	103.67 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 21, 1973
Security Type	Common Stock

Price Performance

Cumulative Growth

AEM

GSPC

Agnico Eagle Mines (AEM) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Agnico Eagle Mines (AEM) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Agnico Eagle Mines (AEM) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Agnico Eagle Mines (AEM) metric values compared with Materials industry-group medians
Metric	Current stock: AEM	Industry group median
Total Return (1Y)	39.18%	21.74%
Total Return (3Y, Annualized)	64.78%	17.26%
Total Return (5Y, Annualized)	31.29%	8.21%

Risk Profile

Drawdown History

AEM

GSPC

Agnico Eagle Mines (AEM) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Agnico Eagle Mines (AEM) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Agnico Eagle Mines (AEM) metric values compared with Materials industry-group medians
Metric	Current stock: AEM	Industry group median
Volatility (1Y, Annualized)	48.26%	54.63%
Beta (5Y)	0.63	1.04
Max Drawdown (5Y)	-45.80%	-58.82%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. AEM is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Agnico Eagle Mines (AEM) metric values compared with Materials industry-group medians
Metric	Current stock: AEM	Industry group median
Sharpe Ratio (1Y)	0.73	0.39
Sortino Ratio (1Y)	1.03	0.57

Profitability

ROE (TTM)

Agnico Eagle Mines (AEM) posts ROE of 22.97%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

AEM

Materials industry group

22.97%

Group distribution

Max: 58.68%
AEM: 22.97%
Q3: 19.97%
Median: 7.25%
Q1: -6.14%
Min: -41.32%

Largest peers

SCCO: 49.90%
NEM: 25.91%
BHP: 24.00%
AEM: 22.97%
RIO: 19.31%
LIN: 18.40%
FCX: 14.76%

Where Agnico Eagle Mines (AEM) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Agnico Eagle Mines (AEM) keeps 40.44% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.

AEM

Materials industry group

40.44%

Group distribution

AEM: 40.44%
Max: 38.18%
Q3: 15.31%
Median: 4.48%
Q1: 0.00%
Min: -19.34%

Largest peers

AEM: 40.44%
SCCO: 35.87%
NEM: 33.36%
LIN: 20.44%
RIO: 19.59%
BHP: 16.73%
FCX: 11.39%

Where Agnico Eagle Mines (AEM) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Agnico Eagle Mines (AEM) turns 58.11% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

AEM

Materials industry group

58.11%

Group distribution

Max: 66.54%
AEM: 58.11%
Q3: 29.91%
Median: 12.48%
Q1: 1.85%
Min: -29.20%

Largest peers

SCCO: 61.16%
AEM: 58.11%
NEM: 51.57%
BHP: 43.34%
FCX: 33.40%
LIN: 28.12%
RIO: 28.05%

Where Agnico Eagle Mines (AEM) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Agnico Eagle Mines (AEM) metric values compared with Materials industry-group medians
Metric	Current stock: AEM	Industry group median
ROE (TTM)	22.97%	7.25%
ROA (TTM)	15.68%	4.52%
Net Margin (TTM)	40.44%	4.48%
Operating Margin (TTM)	58.11%	12.48%
Gross Margin (TTM)	74.51%	27.20%

Growth

Revenue Growth

Agnico Eagle Mines (AEM) grew revenue 43.71%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Agnico Eagle Mines (AEM): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Agnico Eagle Mines (AEM) grew earnings per share 134.39%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Agnico Eagle Mines (AEM): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Agnico Eagle Mines (AEM) metric values compared with Materials industry-group medians
Metric	Current stock: AEM	Industry group median
Revenue Growth (YoY)	43.71%	7.42%
Revenue Growth (3Y CAGR)	27.53%	0.33%
EPS Growth (YoY)	134.39%	-2.98%
EPS Growth (3Y CAGR)	79.58%	1.98%

Financial Strength

Current Ratio (MRQ)

Agnico Eagle Mines (AEM) has current ratio of 2.86, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

AEM

Materials industry group

2.86

Group distribution

Max: 6.33
Q3: 3.46
AEM: 2.86
Median: 2.25
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 5.06
AEM: 2.86
NEM: 2.55
FCX: 2.07
BHP: 1.89
RIO: 1.42
LIN: 0.88

Where Agnico Eagle Mines (AEM) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Agnico Eagle Mines (AEM) has debt-to-equity ratio of 0.01, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

AEM

Materials industry group

0.01

Group distribution

Max: 2.03
Q3: 0.93
Median: 0.45
Q1: 0.13
AEM: 0.01
Min: 0.00

Largest peers

LIN: 0.69
SCCO: 0.68
BHP: 0.50
FCX: 0.32
RIO: 0.32
NEM: 0.16
AEM: 0.01

Where Agnico Eagle Mines (AEM) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Agnico Eagle Mines (AEM) metric values compared with Materials industry-group medians
Metric	Current stock: AEM	Industry group median
Current Ratio (MRQ)	2.86	2.25
Debt / Equity (MRQ)	0.01	0.45
Net Debt / EBITDA	-0.31	1.43

Dividends

Dividend Yield (TTM)

Agnico Eagle Mines (AEM) has dividend yield of 0.82%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

AEM

Materials industry group

0.82%

Group distribution

Max: 4.74%
Q3: 1.90%
AEM: 0.82%
Median: 0.36%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 4.68%
BHP: 1.97%
SCCO: 1.81%
LIN: 1.34%
FCX: 0.84%
AEM: 0.82%
NEM: 0.82%

Where Agnico Eagle Mines (AEM) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Agnico Eagle Mines (AEM) has payout ratio of 14.55%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

AEM

Materials industry group

14.55%

Group distribution

Max: 84.09%
Q3: 34.59%
AEM: 14.55%
Median: 7.64%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 54.16%
LIN: 40.00%
FCX: 29.41%
AEM: 14.55%
NEM: 12.86%

Where Agnico Eagle Mines (AEM) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Agnico Eagle Mines (AEM) metric values compared with Materials industry-group medians
Metric	Current stock: AEM	Industry group median
Dividend Yield (TTM)	0.82%	0.36%
Dividend Payout Ratio (TTM)	14.55%	7.64%

Valuation

P/E Ratio (TTM)

Agnico Eagle Mines (AEM) trades at P/E ratio of 17.51, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

AEM

Materials industry group

17.51

Group distribution

Max: 58.12
Q3: 32.25
Median: 20.96
AEM: 17.51
Q1: 14.60
Min: 5.82

Largest peers

FCX: 34.84
LIN: 30.12
SCCO: 29.05
BHP: 22.58
AEM: 17.51
NEM: 15.99
RIO: 13.54

Where Agnico Eagle Mines (AEM) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Agnico Eagle Mines (AEM) trades at 7.14 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

AEM

Materials industry group

7.14

Group distribution

Max: 10.35
AEM: 7.14
Q3: 4.84
Median: 2.00
Q1: 0.71
Min: 0.00

Largest peers

SCCO: 10.35
AEM: 7.14
LIN: 6.06
NEM: 5.19
FCX: 3.95
BHP: 3.77
RIO: 2.63

Where Agnico Eagle Mines (AEM) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Agnico Eagle Mines (AEM) trades at 3.62 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

AEM

Materials industry group

3.62

Group distribution

Max: 8.22
Q3: 4.17
AEM: 3.62
Median: 2.46
Q1: 1.44
Min: -0.34

Largest peers

SCCO: 13.17
LIN: 5.50
FCX: 5.08
BHP: 4.35
NEM: 3.81
AEM: 3.62
RIO: 2.48

Where Agnico Eagle Mines (AEM) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Agnico Eagle Mines (AEM) metric values compared with Materials industry-group medians
Metric	Current stock: AEM	Industry group median
P/E Ratio (TTM)	17.51	20.96
P/S Ratio (TTM)	7.14	2.00
P/B Ratio (MRQ)	3.62	2.46
Free Cash Flow Yield (TTM)	4.13%	1.99%