AEM vs. MT: Agnico Eagle Mines vs. ArcelorMittal Stock Comparison

November 11, 2026

How do Agnico Eagle Mines (AEM) and ArcelorMittal (MT) 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 ArcelorMittal (MT) both belong to the Metals & Mining industry, though AEM is classified under Gold while MT falls under Steel.

Agnico Eagle Mines (AEM) trades as ordinary local shares, while ArcelorMittal (MT) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Agnico Eagle Mines (AEM) and ArcelorMittal (MT)
Profile Item	AEM	MT
Name	Agnico Eagle Mines Limited	ArcelorMittal NY Registry Shares
Country/Region	Canada	Luxembourg
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Steel
Market Capitalization	96.85 billion USD	45.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	August 7, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

AEM

GSPC

Agnico Eagle Mines (AEM) vs. ArcelorMittal (MT), 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 ArcelorMittal (MT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Agnico Eagle Mines (AEM) and ArcelorMittal (MT). 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 ArcelorMittal (MT)
Metric	AEM	MT
Total Return (1Y)	24.35%	65.49%
Total Return (3Y, Annualized)	64.16%	45.03%
Total Return (5Y, Annualized)	32.08%	16.55%

Risk Profile

Drawdown History

AEM

GSPC

Agnico Eagle Mines (AEM) vs. ArcelorMittal (MT), 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 ArcelorMittal (MT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

ArcelorMittal (MT) has an aggressive beta of 1.49, indicating higher sensitivity to broad-market moves, while Agnico Eagle Mines (AEM) is defensive at 0.62 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Agnico Eagle Mines (AEM) and ArcelorMittal (MT)
Metric	AEM	MT
Volatility (1Y, Annualized)	49.17%	44.08%
Beta (5Y)	0.62	1.49
Max Drawdown (5Y)	-45.80%	-45.99%
Avg. Volume (3M)	2.33M	1.35M

Risk-Adjusted Performance

Risk-Return Positioning

AEM and MT 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 ArcelorMittal (MT)
Metric	AEM	MT
Sharpe Ratio (1Y)	0.41	1.39
Sortino Ratio (1Y)	0.59	2.23

Profitability

ROE (TTM)

Agnico Eagle Mines (AEM) at 23.24% sits in the top ROE quartile, while ArcelorMittal (MT) at 1.83% is closer to the peer norm — stronger capital efficiency for AEM.

AEM

Materials industry group

23.24%

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

MT

Materials industry group

1.83%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
MT: 1.83%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Agnico Eagle Mines (AEM) at 41.01% converts revenue to bottom-line profit above its industry’s benchmark range, while ArcelorMittal (MT) at 1.64% keeps roughly the typical share for its industry.

AEM

Materials industry group

41.01%

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

MT

Materials industry group

1.64%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
MT: 1.64%
Q1: 0.00%
Min: -20.40%

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

Operating Margin (TTM)

Agnico Eagle Mines (AEM) at 55.49% operates in the top operating margin quartile, ahead of ArcelorMittal (MT) at 6.16%, which runs around its industry’s norm.

AEM

Materials industry group

55.49%

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

MT

Materials industry group

6.16%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
MT: 6.16%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for Agnico Eagle Mines (AEM) and ArcelorMittal (MT)
Metric	AEM	MT
ROE (TTM)	23.24%	1.83%
ROA (TTM)	15.80%	1.31%
Net Margin (TTM)	41.01%	1.64%
Operating Margin (TTM)	55.49%	6.16%
Gross Margin (TTM)	74.52%	8.16%

Growth

Revenue Growth

Agnico Eagle Mines (AEM) at 43.71% sits in the top revenue growth quartile, while ArcelorMittal (MT) at -1.74% is in the bottom quartile, showing a clear gap in revenue momentum.

Agnico Eagle Mines (AEM) vs. ArcelorMittal (MT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Agnico Eagle Mines (AEM) at 134.39% and ArcelorMittal (MT) at 143.20% 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. ArcelorMittal (MT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Agnico Eagle Mines (AEM) and ArcelorMittal (MT)
Metric	AEM	MT
Revenue Growth (YoY)	43.71%	-1.74%
Revenue Growth (3Y CAGR)	27.53%	-8.41%
EPS Growth (YoY)	134.39%	143.20%
EPS Growth (3Y CAGR)	79.58%	-26.09%

Financial Strength

Current Ratio (MRQ)

Agnico Eagle Mines (AEM) at 2.75 keeps current ratio within its industry’s typical mid-range, while ArcelorMittal (MT) at 1.41 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MT.

AEM

Materials industry group

2.75

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

MT

Materials industry group

1.41

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
MT: 1.41
Min: 0.16

Agnico Eagle Mines (AEM) vs. ArcelorMittal (MT): 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 ArcelorMittal (MT) at 0.24 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

MT

Materials industry group

0.24

Max: 1.98
Q3: 0.89
Median: 0.47
MT: 0.24
Q1: 0.13
Min: 0.00

Agnico Eagle Mines (AEM) vs. ArcelorMittal (MT): 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 ArcelorMittal (MT)
Metric	AEM	MT
Current Ratio (MRQ)	2.75	1.41
Debt / Equity (MRQ)	0.01	0.24
Net Debt / EBITDA	-0.31	2.08

Dividends

Dividend Yield (TTM)

Both Agnico Eagle Mines (AEM) at 0.93% and ArcelorMittal (MT) at 0.99% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

AEM

Materials industry group

0.93%

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

MT

Materials industry group

0.99%

Max: 4.52%
Q3: 1.85%
MT: 0.99%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Agnico Eagle Mines (AEM) vs. ArcelorMittal (MT): 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 ArcelorMittal (MT) at 52.92% 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%

MT

Materials industry group

52.92%

Max: 83.62%
MT: 52.92%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Agnico Eagle Mines (AEM) and ArcelorMittal (MT)
Metric	AEM	MT
Dividend Yield (TTM)	0.93%	0.99%
Dividend Payout Ratio (TTM)	14.26%	52.92%

Valuation

P/E Ratio (TTM)

Agnico Eagle Mines (AEM) at 15.61 is near its industry’s usual P/E ratio, while ArcelorMittal (MT) at 44.51 sits in the richer quartile — MT needs stronger growth or earnings quality to justify the premium.

AEM

Materials industry group

15.61

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

MT

Materials industry group

44.51

Max: 59.00
MT: 44.51
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

ArcelorMittal (MT) at 0.72 looks cheap on sales in the lower P/S ratio quartile, while Agnico Eagle Mines (AEM) at 6.44 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

AEM

Materials industry group

6.44

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

MT

Materials industry group

0.72

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
MT: 0.72
Min: 0.00

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

P/B Ratio (MRQ)

On P/B ratio, both Agnico Eagle Mines (AEM) at 3.27 and ArcelorMittal (MT) at 1.70 are valued close to their industries’ norm against book — neither stands out from peers.

AEM

Materials industry group

3.27

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

MT

Materials industry group

1.70

Max: 6.59
Q3: 3.55
Median: 2.08
MT: 1.70
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Agnico Eagle Mines (AEM) and ArcelorMittal (MT)
Metric	AEM	MT
P/E Ratio (TTM)	15.61	44.51
P/S Ratio (TTM)	6.44	0.72
P/B Ratio (MRQ)	3.27	1.70
Free Cash Flow Yield (TTM)	3.87%	-1.75%