AEM vs. PAAS: Agnico Eagle Mines vs. Pan American Silver Stock Comparison
How do Agnico Eagle Mines (AEM) and Pan American Silver (PAAS) 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 Pan American Silver (PAAS) both belong to the Metals & Mining industry, though AEM is classified under Gold while PAAS falls under Silver.
| Profile Item | AEM | PAAS |
|---|---|---|
| Name | Agnico Eagle Mines Limited | Pan American Silver Corp. |
| Country/Region | Canada | Canada |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Metals & Mining | Metals & Mining |
| GICS Sub-Industry | Gold | Silver |
| Market Capitalization | 96.85 billion USD | 16.98 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 21, 1973 | June 12, 1995 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AEM | PAAS |
|---|---|---|
| Total Return (1Y) | 24.35% | 22.43% |
| Total Return (3Y, Annualized) | 64.16% | 47.84% |
| Total Return (5Y, Annualized) | 32.08% | 11.59% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AEM | PAAS |
|---|---|---|
| Volatility (1Y, Annualized) | 49.17% | 58.13% |
| Beta (5Y) | 0.62 | 0.72 |
| Max Drawdown (5Y) | -45.80% | -57.39% |
| Avg. Volume (3M) | 2.33M | 4.31M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AEM | PAAS |
|---|---|---|
| Sharpe Ratio (1Y) | 0.41 | 0.31 |
| Sortino Ratio (1Y) | 0.59 | 0.45 |
Profitability
ROE (TTM)
Both Agnico Eagle Mines (AEM) at 23.24% and Pan American Silver (PAAS) at 22.39% 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%
PAAS
Materials industry group
22.39%
- Max
- 52.88%
- PAAS
- 22.39%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
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 Pan American Silver (PAAS) at 35.16% 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%
PAAS
Materials industry group
35.16%
- Max
- 38.66%
- PAAS
- 35.16%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Both Agnico Eagle Mines (AEM) at 55.49% and Pan American Silver (PAAS) at 34.29% 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%
PAAS
Materials industry group
34.29%
- Max
- 66.70%
- PAAS
- 34.29%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | AEM | PAAS |
|---|---|---|
| ROE (TTM) | 23.24% | 22.39% |
| ROA (TTM) | 15.80% | 11.27% |
| Net Margin (TTM) | 41.01% | 35.16% |
| Operating Margin (TTM) | 55.49% | 34.29% |
| Gross Margin (TTM) | 74.52% | 55.17% |
Growth
Revenue Growth
Agnico Eagle Mines (AEM) at 43.71% sits in the top revenue growth quartile, while Pan American Silver (PAAS) at 28.38% is closer to the peer norm — faster top-line expansion for AEM.
EPS Growth
Both companies show strong earnings momentum, but Pan American Silver (PAAS) at 725.81% is the standout with EPS growth above its industry range; Agnico Eagle Mines (AEM) at 134.39% also sits in the top quartile.
Growth Metrics
| Metric | AEM | PAAS |
|---|---|---|
| Revenue Growth (YoY) | 43.71% | 28.38% |
| Revenue Growth (3Y CAGR) | 27.53% | 34.28% |
| EPS Growth (YoY) | 134.39% | 725.81% |
| EPS Growth (3Y CAGR) | 79.58% | -- |
Financial Strength
Current Ratio (MRQ)
Both Agnico Eagle Mines (AEM) at 2.75 and Pan American Silver (PAAS) at 2.72 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
PAAS
Materials industry group
2.72
- Max
- 5.96
- Q3
- 3.30
- PAAS
- 2.72
- Median
- 2.24
- Q1
- 1.45
- Min
- 0.16
Debt / Equity (MRQ)
Both Agnico Eagle Mines (AEM) at 0.01 and Pan American Silver (PAAS) at 0.11 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.
AEM
Materials industry group
0.01
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- AEM
- 0.01
- Min
- 0.00
PAAS
Materials industry group
0.11
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- PAAS
- 0.11
- Min
- 0.00
Financial Strength Metrics
| Metric | AEM | PAAS |
|---|---|---|
| Current Ratio (MRQ) | 2.75 | 2.72 |
| Debt / Equity (MRQ) | 0.01 | 0.11 |
| Net Debt / EBITDA | -0.31 | -0.39 |
Dividends
Dividend Yield (TTM)
Both Agnico Eagle Mines (AEM) at 0.93% and Pan American Silver (PAAS) at 1.69% 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%
PAAS
Materials industry group
1.69%
- Max
- 4.52%
- Q3
- 1.85%
- PAAS
- 1.69%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Agnico Eagle Mines (AEM) at 14.26% and Pan American Silver (PAAS) at 18.00% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
AEM
Materials industry group
14.26%
- Max
- 83.62%
- Q3
- 41.37%
- AEM
- 14.26%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
PAAS
Materials industry group
18.00%
- Max
- 83.62%
- Q3
- 41.37%
- PAAS
- 18.00%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AEM | PAAS |
|---|---|---|
| Dividend Yield (TTM) | 0.93% | 1.69% |
| Dividend Payout Ratio (TTM) | 14.26% | 18.00% |
Valuation
P/E Ratio (TTM)
Pan American Silver (PAAS) at 10.83 sits in the cheaper P/E ratio quartile, while Agnico Eagle Mines (AEM) at 15.61 is closer to its industry’s usual earnings multiple — a discount for PAAS, though growth and earnings durability still matter.
AEM
Materials industry group
15.61
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- AEM
- 15.61
- Q1
- 11.96
- Min
- 3.93
PAAS
Materials industry group
10.83
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- PAAS
- 10.83
- Min
- 3.93
P/S Ratio (TTM)
Pan American Silver (PAAS) at 3.80 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
PAAS
Materials industry group
3.80
- Max
- 9.62
- Q3
- 4.34
- PAAS
- 3.80
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both Agnico Eagle Mines (AEM) at 3.27 and Pan American Silver (PAAS) at 2.29 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
PAAS
Materials industry group
2.29
- Max
- 6.59
- Q3
- 3.55
- PAAS
- 2.29
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | AEM | PAAS |
|---|---|---|
| P/E Ratio (TTM) | 15.61 | 10.83 |
| P/S Ratio (TTM) | 6.44 | 3.80 |
| P/B Ratio (MRQ) | 3.27 | 2.29 |
| Free Cash Flow Yield (TTM) | 3.87% | 8.01% |