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Agnico Eagle Mines (AEM)

Market Price (6/13/2026): $163.44 | Market Cap: $81.8 BilSector: Materials | Industry: Gold

Agnico Eagle Mines (AEM)

Market Price (6/13/2026): $163.44
Market Cap: $81.8 Bil
Sector: Materials
Industry: Gold

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 5.6%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 57%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%, CFO LTM is 7.1 Bil, FCF LTM is 4.5 Bil

Stock buyback support
Stock Buyback 3Y Total is 1.1 Bil

Low stock price volatility
Vol 12M is 44%

Megatrend and thematic drivers
Megatrends include Sustainable Mining & ESG, and Precious Metals & Strategic Resources. Themes include Responsible Sourcing, Environmental Stewardship, Show more.

Key risks
AEM key risks include [1] geopolitical and regulatory challenges related to Indigenous rights and specific ESG allegations, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 5.6%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 57%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%, CFO LTM is 7.1 Bil, FCF LTM is 4.5 Bil
4 Stock buyback support
Stock Buyback 3Y Total is 1.1 Bil
5 Low stock price volatility
Vol 12M is 44%
6 Megatrend and thematic drivers
Megatrends include Sustainable Mining & ESG, and Precious Metals & Strategic Resources. Themes include Responsible Sourcing, Environmental Stewardship, Show more.
7 Key risks
AEM key risks include [1] geopolitical and regulatory challenges related to Indigenous rights and specific ESG allegations, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/5/2026

Agnico Eagle Mines (AEM) stock has lost about 35% since 2/28/2026 because of the following key factors:

1. Gold Price Correction Following All-Time Highs. Agnico Eagle Mines' stock decline occurred in parallel with a significant correction in gold prices. After reaching an all-time high of $5608.35 per troy ounce in January 2026, gold experienced a substantial drop of over 10% in March 2026. This downward trend continued, with gold falling 7.68% in the month leading up to June 5, 2026, to $4331 USD/t.oz. This broader market movement in the underlying commodity directly impacted the valuation of gold mining companies.

2. Increased Production Costs and Lower Output at Certain Mines in Fiscal Q1 2026. While Agnico Eagle reported strong adjusted earnings per share of $3.41 in fiscal Q1 2026, surpassing consensus estimates, the quarter saw an increase in production costs per ounce compared to the prior-year period. This was primarily driven by higher royalty costs resulting from elevated gold prices, coupled with lower gold production at Macassa and Meadowbank mines, and the impact of a stronger Canadian dollar.

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Stock Movement Drivers

Fundamental Drivers

The -35.1% change in AEM stock from 2/28/2026 to 6/12/2026 was primarily driven by a -58.3% change in the company's P/E Multiple.
(LTM values as of)22820266122026Change
Stock Price ($)250.53162.64-35.1%
Change Contribution By: 
Total Revenues ($ Mil)10,56813,53928.1%
Net Income Margin (%)32.6%39.5%20.9%
P/E Multiple36.515.2-58.3%
Shares Outstanding (Mil)5025000.4%
Cumulative Contribution-35.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/12/2026
ReturnCorrelation
AEM-35.1% 
Market (SPY)8.4%69.3%
Sector (XLB)-1.9%73.5%

Fundamental Drivers

The -6.1% change in AEM stock from 11/30/2025 to 6/12/2026 was primarily driven by a -39.7% change in the company's P/E Multiple.
(LTM values as of)113020256122026Change
Stock Price ($)173.29162.64-6.1%
Change Contribution By: 
Total Revenues ($ Mil)10,56813,53928.1%
Net Income Margin (%)32.6%39.5%20.9%
P/E Multiple25.215.2-39.7%
Shares Outstanding (Mil)5025000.4%
Cumulative Contribution-6.1%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/12/2026
ReturnCorrelation
AEM-6.1% 
Market (SPY)9.2%48.0%
Sector (XLB)17.9%65.0%

Fundamental Drivers

The 39.1% change in AEM stock from 5/31/2025 to 6/12/2026 was primarily driven by a 51.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120256122026Change
Stock Price ($)116.89162.6439.1%
Change Contribution By: 
Total Revenues ($ Mil)8,92413,53951.7%
Net Income Margin (%)26.5%39.5%49.0%
P/E Multiple24.915.2-38.7%
Shares Outstanding (Mil)5025000.4%
Cumulative Contribution39.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/12/2026
ReturnCorrelation
AEM39.1% 
Market (SPY)27.3%35.5%
Sector (XLB)23.2%49.4%

Fundamental Drivers

The 238.9% change in AEM stock from 5/31/2023 to 6/12/2026 was primarily driven by a 128.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120236122026Change
Stock Price ($)47.99162.64238.9%
Change Contribution By: 
Total Revenues ($ Mil)5,92513,539128.5%
Net Income Margin (%)40.0%39.5%-1.3%
P/E Multiple9.515.260.2%
Shares Outstanding (Mil)469500-6.3%
Cumulative Contribution238.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/12/2026
ReturnCorrelation
AEM238.9% 
Market (SPY)84.5%26.4%
Sector (XLB)47.5%41.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AEM Return-23%1%9%46%120%-7%155%
Peers Return29%-4%5%12%111%2%211%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
AEM Win Rate50%50%58%50%83%33% 
Peers Win Rate52%45%53%55%72%47% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
AEM Max Drawdown-36%-42%-27%-18%-16%-39% 
Peers Max Drawdown-28%-44%-34%-28%-21%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEM, GOLD, FNV, RGLD, KGC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)

How Low Can It Go

EventAEMS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.4%-9.5%
  % Gain to Breakeven19.6%10.5%
  Time to Breakeven55 days24 days
2023 SVB Regional Banking Crisis
  % Loss-11.9%-6.7%
  % Gain to Breakeven13.5%7.1%
  Time to Breakeven9 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-25.7%-24.5%
  % Gain to Breakeven34.5%32.4%
  Time to Breakeven65 days427 days
2020 COVID-19 Crash
  % Loss-26.5%-33.7%
  % Gain to Breakeven36.0%50.9%
  Time to Breakeven26 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-33.6%-3.7%
  % Gain to Breakeven50.6%3.9%
  Time to Breakeven945 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-12.2%-12.2%
  % Gain to Breakeven13.9%13.9%
  Time to Breakeven15 days62 days

Compare to NEM, GOLD, FNV, RGLD, KGC

In The Past

Agnico Eagle Mines's stock fell -3.0% during the 2025 US Tariff Shock. Such a loss loss requires a 3.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventAEMS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-25.7%-24.5%
  % Gain to Breakeven34.5%32.4%
  Time to Breakeven65 days427 days
2020 COVID-19 Crash
  % Loss-26.5%-33.7%
  % Gain to Breakeven36.0%50.9%
  Time to Breakeven26 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-33.6%-3.7%
  % Gain to Breakeven50.6%3.9%
  Time to Breakeven945 days6 days
2014-2016 Oil Price Collapse
  % Loss-44.4%-6.8%
  % Gain to Breakeven80.0%7.3%
  Time to Breakeven224 days15 days
2013 Taper Tantrum
  % Loss-22.6%-0.2%
  % Gain to Breakeven29.3%0.2%
  Time to Breakeven12 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-31.8%-17.9%
  % Gain to Breakeven46.7%21.8%
  Time to Breakeven1740 days123 days
2008-2009 Global Financial Crisis
  % Loss-58.0%-53.4%
  % Gain to Breakeven138.3%114.4%
  Time to Breakeven88 days1085 days

Compare to NEM, GOLD, FNV, RGLD, KGC

In The Past

Agnico Eagle Mines's stock fell -3.0% during the 2025 US Tariff Shock. Such a loss loss requires a 3.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Agnico Eagle Mines (AEM)

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the company's LaRonde mine had proven and probable mineral reserves of approximately 3.0 million ounces of gold. It is also involved in exploration activities in Europe, Latin America, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.

AI Analysis | Feedback

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Here are 1-2 brief analogies for Agnico Eagle Mines (AEM):

  • It's like a gold-focused Barrick Gold or Newmont, concentrating its mining operations primarily in Canada, Mexico, and Finland.
  • Think of it as a pure-play gold producer, similar to the gold mining division of a diversified resource giant like BHP Billiton or Rio Tinto, but operating as an independent company.
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AI Analysis | Feedback

  • Gold: The primary mineral produced and sold by Agnico Eagle Mines from its mining operations.
  • Silver: A mineral that the company explores for and aims to produce from its properties.
  • Zinc: A mineral that the company explores for and aims to produce from its properties.
  • Copper: A mineral that the company explores for and aims to produce from its properties.

AI Analysis | Feedback

Agnico Eagle Mines (AEM) Major Customers

Major Customers

Agnico Eagle Mines Limited is a primary producer of raw mineral commodities, primarily gold, silver, zinc, and copper. As such, it generally sells its output into global commodity markets rather than directly to end-user individuals or a few named large corporate customers. Its major customers are typically businesses that further process, refine, or trade these metals. The categories of customers include:

  • Metal Refiners: Companies that take the raw or semi-processed metals (such as doré bars for gold, or concentrates for other metals) and refine them into high-purity ingots, bars, or other marketable forms.
  • Bullion Banks and Dealers: For gold and silver, these are financial institutions and specialized dealers that trade in physical bullion for investment, hedging, and distribution purposes to institutional and sometimes retail investors.
  • Industrial Purchasers and Traders: For base metals like zinc and copper, customers include manufacturing companies that utilize these metals in various industrial applications (e.g., electronics, construction, automotive) or large commodity trading firms that facilitate global distribution.

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Ammar Al-Joundi, President and Chief Executive Officer

Mr. Al-Joundi has served as President and Chief Executive Officer of Agnico Eagle Mines Limited since February 2022. Previously, he was President of Agnico Eagle from 2015 to 2022, and Senior Vice President and Chief Financial Officer from 2010 to 2012. Prior to rejoining Agnico Eagle in 2015, Mr. Al-Joundi held various roles at Barrick Gold Corporation, including Chief Financial Officer from July 2012 to February 2015. He also served as Senior Executive Vice President and Executive Vice President at Barrick. Before Barrick, he was Vice President, Structured Finance at Citibank, Canada.

David Smith, Senior Vice President, Finance, Chief Financial Officer

Mr. Smith holds the position of Senior Vice President, Finance, and Chief Financial Officer at Agnico Eagle.

Jean Robitaille, Executive Vice-President, Chief Strategy & Technology Officer

Mr. Robitaille is the Executive Vice-President, Chief Strategy & Technology Officer at Agnico Eagle. He has been with Agnico Eagle since 1988, serving in various senior executive roles including Senior Vice President, Corporate Development, Business Strategy and Technical Services (2020-2022). His over 25 years of experience in the mining industry include senior executive roles in Technical Services, Project Development, Metallurgy, and Marketing, as well as operational experience as a Mill Superintendent and Metallurgist. Prior to joining Agnico Eagle, he worked as a metallurgist with Teck Mining Group. Mr. Robitaille is a mining technology graduate with a specialty in ore processing and also serves as Chair of the Canada Mining Innovation Council (CMIC).

Natasha Vaz, Executive Vice President & Chief Operating Officer, Ontario, Australia & Mexico

Ms. Vaz is the Executive Vice President & Chief Operating Officer, Ontario, Australia & Mexico. Since joining Agnico Eagle in 2004, she has held several key positions, including Executive Vice President – Operational Excellence (2022-2024), Senior Vice President – Sustainability, People and Culture (2021-2022), and General Manager at the Lapa, Kittilä, and LaRonde mines.

Guy Gosselin, Executive Vice-President Exploration

Mr. Gosselin serves as the Executive Vice-President Exploration for Agnico Eagle.

AI Analysis | Feedback

The key risks to Agnico Eagle Mines are:

  1. Fluctuations in Gold Prices: The company's financial performance, including operating margins, free cash flow, and dividend capacity, is significantly exposed to the volatility of gold prices. A substantial decline in gold prices would negatively impact these metrics.

  2. High Capital Expenditures and Project Execution Risk: Agnico Eagle Mines undertakes large capital-intensive projects, such as the expansion of its Detour Lake mine. These projects carry the risk of cost overruns, delays, and challenges in maintaining targeted grades, which can place considerable pressure on the company's financial flexibility and cash flow.

  3. Geopolitical and Regulatory Risks: Agnico Eagle's mining operations are subject to various geopolitical factors and regulatory changes in the jurisdictions where it operates. Shifts in government policies, including potential increases in royalties or taxes, as well as evolving environmental regulations and the threat of resource nationalism, could lead to higher operating costs and negatively affect profitability.

AI Analysis | Feedback

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AI Analysis | Feedback

Agnico Eagle Mines (AEM) primarily produces gold, and also explores for silver, zinc, and copper deposits. The addressable markets for these main products are detailed below:

Gold

  • The global gold market was valued at approximately USD 2.5 trillion, based on a five-year historical analysis. Another estimate places the global gold market size at USD 291.68 billion in 2024, with projections to reach USD 400 billion by the end of 2030. In terms of volume, the global gold market stood at 4,890.0 tons in 2025 and is expected to grow to 7,424.4 tons by 2034.
  • For Mexico, gold exports reached USD 7.37 billion in 2024. Mexico was the world's seventh-largest gold producer in 2025, accounting for a 3.8% share of global production. The broader precious metal market in Mexico, where gold is the largest revenue-generating metal, generated USD 91,855.6 million in 2024.
  • While specific market size data for gold in Canada was not explicitly found in terms of total market value, Canada is a significant location for Agnico Eagle's gold production.

Silver

  • The global silver market size was valued at USD 87.12 billion in 2024 and is projected to increase to USD 202.07 billion by 2033. Another estimate indicates the global silver market size was USD 23.51 billion in 2025 and is expected to reach USD 36.51 billion by 2035. In terms of volume, the silver market is expected to grow from 37.78 kilotons in 2025 to 49.54 kilotons by 2031.
  • Mexico was the largest mine producer of silver in 2024. Silver is also noted as the most lucrative metal segment in Mexico's precious metal market, which had a total revenue of USD 91,855.6 million in 2024.

Zinc

  • The global zinc market size was valued at USD 27.2 billion in 2024 and is projected to grow to USD 52.14 billion by 2033. Another report states the global zinc market size was estimated at USD 23.36 billion in 2024. The global zinc mining market size was valued at USD 77.07 billion in 2025 and is projected to reach USD 122.25 billion by 2034.
  • The Canada zinc mining market generated USD 773.4 million in revenue in 2022 and is expected to reach USD 1,064.2 million by 2030. Canada accounted for 1.2% of the global zinc mining market in 2022.
  • The Mexico zinc mining market is projected to lead the North American regional market in terms of revenue by 2030.

Copper

  • The global copper market size was estimated at USD 241.88 billion in 2024 and is projected to reach USD 339.95 billion by 2030. Other estimates place the global copper market size at USD 261.93 billion in 2025 and USD 291.12 billion in 2025.
  • The Canada copper mining market generated USD 4,603.6 million in revenue in 2022 and is expected to reach USD 6,862.1 million by 2030. Canada's domestic exports of copper and copper-based products were valued at USD 10.7 billion in 2024.
  • The Mexico copper market size was valued at USD 2.97 billion in 2025 and is expected to reach USD 5.17 billion by 2035. The copper market in Mexico is also expected to reach USD 4,003.4 million by 2030.
  • Finland's copper exports are expected to reach USD 1.6 billion in 2026. Finland's copper imports were US$1.4 billion in 2024.

AI Analysis | Feedback

Agnico Eagle Mines Limited (AEM) is expected to experience future revenue growth over the next two to three years driven by several key factors:

  1. Increased Gold Production from Existing Operations and Key Expansions: Agnico Eagle projects stable payable gold production of approximately 3.3 to 3.5 million ounces annually from 2026 to 2028. This stable base is expected to be augmented by improved production levels from operations like Canadian Malartic, Fosterville, and Kittila, along with life-of-mine extensions at Meadowbank, contributing to an improved outlook for 2028.
  2. Advancement and Development of Key Growth Projects: The company plans to increase annual production by up to 30% over the next decade through internal projects. Notably, the development of an underground mine at Detour Lake is anticipated to add an estimated 300,000 to 350,000 ounces per year, with underground production potentially commencing as early as 2028. Other significant projects, including the Odyssey project at Canadian Malartic, Upper Beaver, and the Hope Bay Project (with proven and probable mineral reserves of 3.4 million ounces), are also expected to play a crucial role in future cash flow generation and production growth. Capital expenditures are slated to remain in the $2.4 billion to $2.5 billion range for several years to accelerate production from these projects.
  3. Successful Exploration and Resource Expansion: Agnico Eagle achieved record proven and probable reserves of 55.4 million ounces in 2025, representing a 2.1% increase. Measured and indicated resources also grew by nearly 10% to 47.1 million ounces, and inferred mineral resources increased by 15.5% to 41.8 million ounces. The company plans to exceed 1,500,000 meters of drilling in 2026, indicating continued investment in exploration to develop its project pipeline and support sustained long-term growth.
  4. Favorable Gold Price Environment: A sustained favorable gold price environment is a significant external driver for revenue growth. In 2025, Agnico Eagle captured 95% of the year-over-year gold price increase. The company's reported gold price of $3,454 per ounce in 2025 was substantially higher than its internal guidance, and higher gold prices are expected to continue boosting profitability and cash flow generation.

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Share Repurchases

  • Agnico Eagle Mines repurchased 4,114,150 common shares for an aggregate of $600 million in 2025.
  • The company received approval to renew its normal course issuer bid (NCIB) from May 4, 2025, to May 3, 2026, allowing it to repurchase up to 25,174,240 common shares or up to $1 billion.
  • In 2024, Agnico Eagle Mines was authorized to repurchase up to 24,961,914 shares, representing 5% of its outstanding share capital, for $500 million, with the bid terminating by May 3, 2025.

Share Issuance

  • Agnico Eagle Mines' shares outstanding increased by 86.20% in 2022 to 455.94 million shares, largely influenced by the merger with Kirkland Lake Gold.
  • Shares outstanding continued to increase by 8.80% in 2023 to 496.06 million, by 1.10% in 2024 to 501.52 million, and by 0.13% in 2025 to 502.19 million.

Outbound Investments

  • Agnico Eagle Mines completed the acquisition of Kirkland Lake Gold for $10.7 billion in September 2021.
  • The company acquired O3 Mining, a provider of gold mining and exploration services, for $144 million in December 2024, with the acquisition finalized in March 2025 for approximately $204 million.
  • Agnico Eagle Mines made strategic equity investments, including acquiring additional common shares of Maple Gold Mines for C$1,623,811 in February 2026 and 26,000,000 common shares of Osisko Metals for C$12,480,000 in December 2025.

Capital Expenditures

  • Capital expenditures (excluding capitalized exploration) for 2025 were $2.1 billion.
  • Planned capital expenditures for 2026 are expected to be between $2.2 billion and $2.4 billion, with some sources indicating up to $2.5 billion.
  • These expenditures are primarily focused on pipeline projects to support future production growth, including accelerated investments at Detour Lake, Canadian Malartic, Upper Beaver, and potentially an additional $300 million for Hope Bay.

Better Bets vs. Agnico Eagle Mines (AEM)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Better Bet Than Agnico Eagle Mines Stock: AU, IAG Deliver More06/06/2026
2Is 22.2% Fall In Agnico Eagle Mines (AEM) Stock A Buying Opportunity?03/19/2026
3AEM Stock Surges 15% With A 5-day Winning Spree On Record Earnings02/25/2026
4AEM Stock Surges 15% With A 5-day Winning Spree On Record Cash Flow & Upgrades02/25/2026
5AEM Stock Surges 17% With A 8-day Winning Spree On Record Gold Prices01/14/2026
6AEM Stock Surges 15% With A 7-day Winning Spree On Record Gold Prices01/13/2026
7AEM Stock Surges 13% With A 6-day Winning Spree On Bullish Gold Outlook01/10/2026
8AEM Stock Surges 10% With A 5-day Winning Spree On Bullish Gold Outlook01/09/2026
9AEM Stock Surges 10% With A 7-day Winning Spree On Record Gold Prices12/27/2025
10AEM Stock Surges 8.9% In A 6-day Spree On Strong Buy Rating12/25/2025
11ARTICLES 
12Between Orla Mining and Agnico Eagle Mines, Which Stock Looks Set to Break Out?06/06/2026
13Agnico Eagle Mines vs Orla Mining: Which Stock Could Rally?05/13/2026
14Stronger Bet Than Agnico Eagle Mines Stock: AU Delivers More04/30/2026
15Pay Less, Gain More: AEM, AU Top Royal Gold Stock04/03/2026
16Is Agnico Eagle Mines Stock’s 22% Drop A Bargain?03/19/2026
Title
0DASHBOARDS
1Better Bet Than Agnico Eagle Mines Stock: AU, IAG Deliver More
2Is 22.2% Fall In Agnico Eagle Mines (AEM) Stock A Buying Opportunity?
3AEM Stock Surges 15% With A 5-day Winning Spree On Record Earnings
4AEM Stock Surges 15% With A 5-day Winning Spree On Record Cash Flow & Upgrades
5AEM Stock Surges 17% With A 8-day Winning Spree On Record Gold Prices
6AEM Stock Surges 15% With A 7-day Winning Spree On Record Gold Prices
7AEM Stock Surges 13% With A 6-day Winning Spree On Bullish Gold Outlook
8AEM Stock Surges 10% With A 5-day Winning Spree On Bullish Gold Outlook
9AEM Stock Surges 10% With A 7-day Winning Spree On Record Gold Prices
10AEM Stock Surges 8.9% In A 6-day Spree On Strong Buy Rating
11ARTICLES
12Between Orla Mining and Agnico Eagle Mines, Which Stock Looks Set to Break Out?
13Agnico Eagle Mines vs Orla Mining: Which Stock Could Rally?
14Stronger Bet Than Agnico Eagle Mines Stock: AU Delivers More
15Pay Less, Gain More: AEM, AU Top Royal Gold Stock
16Is Agnico Eagle Mines Stock’s 22% Drop A Bargain?

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Peer Comparisons

Peers to compare with:

Financials

AEMNEMGOLDFNVRGLDKGCMedian
NameAgnico E.Newmont Gold.com Franco-N.Royal Go.Kinross . 
Mkt Price162.64100.2344.23209.46207.5725.58131.44
Mkt Cap81.4108.71.240.417.630.735.5
Rev LTM13,53924,96623,0202,1051,3067,96110,750
Op Inc LTM7,70313,4921401,5698393,9972,783
FCF LTM4,5209,238207-423-2443,0331,620
FCF 3Y Avg2,5964,51585491891,758973
CFO LTM7,11912,0882201,7258624,3033,014
CFO 3Y Avg4,6927,588981,2086122,9012,055

Growth & Margins

AEMNEMGOLDFNVRGLDKGCMedian
NameAgnico E.Newmont Gold.com Franco-N.Royal Go.Kinross . 
Rev Chg LTM51.7%26.9%109.4%71.8%71.0%43.1%61.3%
Rev Chg 3Y Avg32.5%30.0%47.0%23.2%32.4%29.7%31.2%
Rev Chg Q66.1%45.8%244.0%76.6%142.5%60.8%71.4%
QoQ Delta Rev Chg LTM13.7%10.1%46.8%15.5%26.8%12.9%14.6%
Op Inc Chg LTM106.7%93.6%201.5%92.5%75.6%113.2%100.2%
Op Inc Chg 3Y Avg74.5%195.9%34.0%32.7%46.2%258.8%60.3%
Op Mgn LTM56.9%54.0%0.6%74.5%64.2%50.2%55.5%
Op Mgn 3Y Avg41.7%32.7%0.7%67.3%58.9%34.1%37.9%
QoQ Delta Op Mgn LTM3.9%5.4%0.3%3.0%-0.3%4.4%3.5%
CFO/Rev LTM52.6%48.4%1.0%82.0%66.0%54.0%53.3%
CFO/Rev 3Y Avg46.4%36.8%0.5%79.6%70.4%47.1%46.8%
FCF/Rev LTM33.4%37.0%0.9%-20.1%-18.7%38.1%17.1%
FCF/Rev 3Y Avg24.5%19.7%0.4%9.1%35.2%27.1%22.1%

Valuation

AEMNEMGOLDFNVRGLDKGCMedian
NameAgnico E.Newmont Gold.com Franco-N.Royal Go.Kinross . 
Mkt Cap81.4108.71.240.417.630.735.5
P/S6.04.40.119.213.53.95.2
P/Op Inc10.68.18.625.721.07.79.6
P/EBIT10.08.07.123.222.07.69.0
P/E15.212.915.029.527.710.715.1
P/CFO11.49.05.523.420.47.110.2
Total Yield7.5%8.8%7.5%3.6%4.3%9.9%7.5%
Dividend Yield0.9%1.0%0.8%0.2%0.7%0.5%0.8%
FCF Yield 3Y Avg4.0%5.3%9.8%0.5%2.6%8.9%4.7%
D/E0.00.10.60.00.00.00.0
Net D/E-0.0-0.00.5-0.00.0-0.0-0.0

Returns

AEMNEMGOLDFNVRGLDKGCMedian
NameAgnico E.Newmont Gold.com Franco-N.Royal Go.Kinross . 
1M Rtn-16.8%-15.5%7.6%-12.8%-15.3%-18.1%-15.4%
3M Rtn-21.4%-8.3%-6.4%-16.7%-19.7%-16.2%-16.4%
6M Rtn-2.9%2.6%40.6%-2.3%-4.7%-8.1%-2.6%
12M Rtn34.5%81.1%113.3%25.8%17.0%65.6%50.0%
3Y Rtn243.8%152.3%31.4%49.3%80.4%446.3%116.3%
1M Excs Rtn-16.6%-15.4%7.8%-12.7%-15.1%-17.9%-15.2%
3M Excs Rtn-33.5%-20.4%-18.4%-28.7%-31.8%-28.3%-28.5%
6M Excs Rtn-8.4%-1.3%34.3%-6.8%-8.4%-13.8%-7.6%
12M Excs Rtn14.7%66.6%86.6%4.8%-3.4%45.2%29.9%
3Y Excs Rtn165.0%81.4%-44.5%-25.8%4.0%390.8%42.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Detour Lake2,3611,5831,2631,189 
Canadian Malartic2,0781,4921,124576646
Meadowbank1,7001,178858645590
Meliadine1,329890697678636
LaRonde1,303    
Macassa1,022671432327 
Kittila749524449408415
Fosterville538545552645 
Goldex461321273251241
Pinos Altos323246213200259
Corporate and other44    
Exploration000  
La India 65151135118
LaRonde Zone 5 mine (LZ5) 181131130121
LaRonde mine 589483554655
Creston Mascota   428
Hope Bay mine   0115
Total11,9088,2866,6275,7413,824


Operating Income by Segment
$ Mil20232022201720152014
Detour Lake809699   
Canadian Malartic65934021515676
Fosterville421441   
Meliadine354360   
Meadowbank334202196173294
LaRonde mine265341299146120
Kittila2431971008060
Goldex161147697361
Corporate and other68    
La India5559697557
LaRonde Zone 5 mine (LZ5)4957   
Pinos Altos-4555149146128
Exploration-216 -112-61-45
Macassa-398197   
Amortization of property, plant and mine development -1,095-509-609-434
Care and maintenance -42   
Creston Mascota 3324032
Exploration and corporate development -271   
General and administrative -221-115-97-119
Hope Bay mine 0   
Environmental remediation  -1-2-8
Lapa mine  265254
Total2,7591,469418172276


Assets by Segment
$ Mil20252024202320222021
Detour Lake10,2029,7309,3539,120 
Canadian Malartic7,0256,8336,8981,5821,509
Corporate and other4,4971,7631,0861,058590
Meliadine2,2772,3442,3562,3242,300
Exploration1,9681,4181,253822959
Macassa1,8961,7741,6392,267 
Meadowbank1,5681,3441,3471,3871,195
Kittila1,5461,5601,6851,6471,600
LaRonde1,266    
Fosterville1,2371,0449761,225 
Goldex468457402339315
Pinos Altos437392411464466
La India8595114151233
LaRonde Zone 5 mine (LZ5) 16613411594
LaRonde mine 1,0651,031988946
Creston Mascota   55
Non-Operating properties    4
Total34,47129,98728,68523,49510,216


Price Behavior

Price Behavior
Market Price$162.64 
Market Cap ($ Bil)81.4 
First Trading Date09/07/1984 
Distance from 52W High-35.4% 
   50 Days200 Days
DMA Price$189.31$183.50
DMA Trendupdown
Distance from DMA-14.1%-11.4%
 3M1YR
Volatility48.4%44.1%
Downside Capture392.77173.19
Upside Capture152.67164.29
Correlation (SPY)69.5%36.7%
AEM Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta3.632.782.101.611.130.59
Up Beta3.841.761.891.431.130.40
Down Beta4.324.900.560.410.040.38
Up Capture182%122%152%237%214%99%
Bmk +ve Days13283667141432
Stock +ve Days8192769141418
Down Capture558%638%322%195%134%86%
Bmk -ve Days7132757109318
Stock -ve Days12223655108330

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with AEM
AEM38.2%44.1%0.86-
Sector ETF (XLB)21.0%17.5%0.9350.3%
Equity (SPY)24.9%12.3%1.5236.8%
Gold (GLD)25.5%27.4%0.8179.5%
Commodities (DBC)30.1%19.0%1.256.0%
Real Estate (VNQ)13.5%13.5%0.6923.2%
Bitcoin (BTCUSD)-41.8%42.2%-1.1621.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with AEM
AEM21.0%37.0%0.60-
Sector ETF (XLB)5.8%19.0%0.2039.6%
Equity (SPY)13.5%17.1%0.6125.3%
Gold (GLD)16.8%18.2%0.7574.4%
Commodities (DBC)8.4%19.4%0.3326.1%
Real Estate (VNQ)2.8%18.8%0.0528.8%
Bitcoin (BTCUSD)13.6%54.4%0.4413.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with AEM
AEM14.5%37.3%0.48-
Sector ETF (XLB)10.4%20.7%0.4527.6%
Equity (SPY)15.3%17.9%0.7318.2%
Gold (GLD)12.5%16.1%0.6470.4%
Commodities (DBC)6.7%18.0%0.2921.7%
Real Estate (VNQ)5.7%20.7%0.2420.6%
Bitcoin (BTCUSD)60.2%66.8%1.0011.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity4.8 Mil
Short Interest: % Change Since 5152026-1.8%
Average Daily Volume2.1 Mil
Days-to-Cover Short Interest2.3 days
Basic Shares Quantity500.2 Mil
Short % of Basic Shares1.0%

Returns Analyses

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/30/20266-K
12/31/202503/19/202640-F
09/30/202510/31/20256-K
06/30/202507/30/20256-K
03/31/202504/24/20256-K
12/31/202402/27/202540-F
09/30/202410/30/20246-K
06/30/202407/31/20246-K
03/31/202404/25/20246-K
12/31/202303/25/202440-F
09/30/202310/25/20236-K
06/30/202307/26/20236-K
03/31/202304/27/20236-K
12/31/202203/27/202340-F
09/30/202210/28/20226-K
06/30/202207/27/20226-K

Industry Resources

External Quote Links


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Core Cache Last Updated: 6/12/2026