AEM vs. AU: Agnico Eagle Mines vs. AngloGold Ashanti Stock Comparison

November 11, 2026

How do Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.

Company profile comparison for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Profile Item	AEM	AU
Name	Agnico Eagle Mines Limited	AngloGold Ashanti plc
Country/Region	Canada	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Gold
Market Capitalization	96.85 billion USD	47.04 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	August 5, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AEM

GSPC

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

Trailing Returns

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Trailing total returns for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Metric	AEM	AU
Total Return (1Y)	24.35%	47.97%
Total Return (3Y, Annualized)	64.16%	87.34%
Total Return (5Y, Annualized)	32.08%	42.76%

Risk Profile

Drawdown History

AEM

GSPC

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU), with S&P 500 (GSPC) for reference: 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

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Distribution of monthly total returns for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Metric	AEM	AU
Volatility (1Y, Annualized)	49.17%	60.11%
Beta (5Y)	0.62	0.67
Max Drawdown (5Y)	-45.80%	-51.75%
Avg. Volume (3M)	2.33M	2.54M

Risk-Adjusted Performance

Risk-Return Positioning

AEM and AU are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Metric	AEM	AU
Sharpe Ratio (1Y)	0.41	0.73
Sortino Ratio (1Y)	0.59	1.07

Profitability

ROE (TTM)

Both Agnico Eagle Mines (AEM) at 23.24% and AngloGold Ashanti (AU) at 44.33% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

AEM

Materials industry group

23.24%

Max: 52.88%
AEM: 23.24%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

AU

Materials industry group

44.33%

Max: 52.88%
AU: 44.33%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Agnico Eagle Mines (AEM) at 41.01% keeps the most of each sales dollar — above its industry’s net margin range — and AngloGold Ashanti (AU) at 32.64% also retains a top-quartile share.

AEM

Materials industry group

41.01%

AEM: 41.01%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

AU

Materials industry group

32.64%

Max: 38.66%
AU: 32.64%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Agnico Eagle Mines (AEM) at 55.49% and AngloGold Ashanti (AU) at 45.36% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

AEM

Materials industry group

55.49%

Max: 66.70%
AEM: 55.49%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

AU

Materials industry group

45.36%

Max: 66.70%
AU: 45.36%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Metric	AEM	AU
ROE (TTM)	23.24%	44.33%
ROA (TTM)	15.80%	24.39%
Net Margin (TTM)	41.01%	32.64%
Operating Margin (TTM)	55.49%	45.36%
Gross Margin (TTM)	74.52%	54.84%

Growth

Revenue Growth

Both Agnico Eagle Mines (AEM) at 43.71% and AngloGold Ashanti (AU) at 70.78% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Agnico Eagle Mines (AEM) at 134.39% and AngloGold Ashanti (AU) at 122.32% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Metric	AEM	AU
Revenue Growth (YoY)	43.71%	70.78%
Revenue Growth (3Y CAGR)	27.53%	30.02%
EPS Growth (YoY)	134.39%	122.32%
EPS Growth (3Y CAGR)	79.58%	93.95%

Financial Strength

Current Ratio (MRQ)

Both Agnico Eagle Mines (AEM) at 2.75 and AngloGold Ashanti (AU) at 2.55 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

AEM

Materials industry group

2.75

Max: 5.96
Q3: 3.30
AEM: 2.75
Median: 2.24
Q1: 1.45
Min: 0.16

AU

Materials industry group

2.55

Max: 5.96
Q3: 3.30
AU: 2.55
Median: 2.24
Q1: 1.45
Min: 0.16

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Agnico Eagle Mines (AEM) at 0.01 keeps leverage in the lower industry quartile, while AngloGold Ashanti (AU) at 0.16 runs a more typical debt-to-equity mix.

AEM

Materials industry group

0.01

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
AEM: 0.01
Min: 0.00

AU

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
AU: 0.16
Q1: 0.13
Min: 0.00

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Metric	AEM	AU
Current Ratio (MRQ)	2.75	2.55
Debt / Equity (MRQ)	0.01	0.16
Net Debt / EBITDA	-0.31	-0.17

Dividends

Dividend Yield (TTM)

Agnico Eagle Mines (AEM) at 0.93% pays an industry-typical yield; AngloGold Ashanti (AU) at 4.88% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

AEM

Materials industry group

0.93%

Max: 4.52%
Q3: 1.85%
AEM: 0.93%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

AU

Materials industry group

4.88%

AU: 4.88%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Agnico Eagle Mines (AEM) at 14.26% pays out a band-typical share of earnings, while AngloGold Ashanti (AU) at 58.78% distributes more than its industry norm — less retained, thinner cover.

AEM

Materials industry group

14.26%

Max: 83.62%
Q3: 41.37%
AEM: 14.26%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

AU

Materials industry group

58.78%

Max: 83.62%
AU: 58.78%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Metric	AEM	AU
Dividend Yield (TTM)	0.93%	4.88%
Dividend Payout Ratio (TTM)	14.26%	58.78%

Valuation

P/E Ratio (TTM)

Both Agnico Eagle Mines (AEM) at 15.61 and AngloGold Ashanti (AU) at 12.09 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AEM

Materials industry group

15.61

Max: 59.00
Q3: 32.93
Median: 18.82
AEM: 15.61
Q1: 11.96
Min: 3.93

AU

Materials industry group

12.09

Max: 59.00
Q3: 32.93
Median: 18.82
AU: 12.09
Q1: 11.96
Min: 3.93

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

AngloGold Ashanti (AU) at 3.91 is priced about in line with its industry on P/S ratio, while Agnico Eagle Mines (AEM) at 6.44 sits in the pricier quartile — AEM costs more per dollar of sales.

AEM

Materials industry group

6.44

Max: 9.62
AEM: 6.44
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

AU

Materials industry group

3.91

Max: 9.62
Q3: 4.34
AU: 3.91
Median: 1.87
Q1: 0.73
Min: 0.00

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Agnico Eagle Mines (AEM) at 3.27 is valued about in line with its industry on P/B ratio, while AngloGold Ashanti (AU) at 5.01 carries an above-peer premium to book — AU is pricier on assets.

AEM

Materials industry group

3.27

Max: 6.59
Q3: 3.55
AEM: 3.27
Median: 2.08
Q1: 1.26
Min: -0.17

AU

Materials industry group

5.01

Max: 6.59
AU: 5.01
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Agnico Eagle Mines (AEM) vs. AngloGold Ashanti (AU): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Agnico Eagle Mines (AEM) and AngloGold Ashanti (AU)
Metric	AEM	AU
P/E Ratio (TTM)	15.61	12.09
P/S Ratio (TTM)	6.44	3.91
P/B Ratio (MRQ)	3.27	5.01
Free Cash Flow Yield (TTM)	3.87%	7.61%