(AEM) Agnico Eagle Mines - Overview
Stock: Gold, Silver, Zinc, Copper
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.26% |
| Yield on Cost 5y | 2.56% |
| Yield CAGR 5y | 3.39% |
| Payout Consistency | 92.3% |
| Payout Ratio | 23.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 37.7% |
| Relative Tail Risk | -0.75% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.42 |
| Alpha | 135.69 |
| Character TTM | |
|---|---|
| Beta | 0.231 |
| Beta Downside | 0.064 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.99% |
| CAGR/Max DD | 2.30 |
Description: AEM Agnico Eagle Mines January 28, 2026
Agnico Eagle Mines Ltd. (NYSE:AEM) is a vertically integrated gold producer that also extracts silver, zinc, and copper. The firm operates four primary mines in Canada, Australia, Finland, and Mexico, and maintains a broad exploration footprint spanning North America, Europe, and Australia. Incorporated in 1953, the company is headquartered in Toronto, Canada.
In its FY-2023 results released in February 2024, Agnico Eagle produced 2.6 million ounces of gold, a 3 % increase YoY, while maintaining an all-in sustaining cost (AISC) of US$1,030 per ounce-below the industry median of roughly US$1,200. Cash flow from operations reached US$2.1 billion, supporting a dividend yield of ~2.1 % and a net debt-to-EBITDA ratio of 0.4×, indicating a strong balance sheet.
The company’s performance is tightly linked to macro-level gold price dynamics. As of 28 Jan 2026, spot gold trades near US$2,050/oz, driven by persistent inflation, accommodative monetary policy, and heightened geopolitical risk-factors that historically boost safe-haven demand. Additionally, supply-side constraints from declining mine grades and limited new project pipelines keep upward pressure on prices, benefitting producers with low-cost operations like Agnico Eagle.
For a deeper quantitative assessment of AEM’s valuation and risk profile, a quick look at the ValueRay platform can surface comparable peer metrics and scenario-based forecasts.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 3.42b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 4.98 > 1.0 |
| NWC/Revenue: 22.54% < 20% (prev 15.83%; Δ 6.71% < -1%) |
| CFO/TA 0.18 > 3% & CFO 5.87b > Net Income 3.42b |
| Net Debt (-1.99b) to EBITDA (6.82b): -0.29 < 3 |
| Current Ratio: 2.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (503.5m) vs 12m ago 0.29% < -2% |
| Gross Margin: 53.58% > 18% (prev 0.38%; Δ 5320 % > 0.5%) |
| Asset Turnover: 33.52% > 50% (prev 26.46%; Δ 7.07% > 0%) |
| Interest Coverage Ratio: 51.83 > 6 (EBITDA TTM 6.82b / Interest Expense TTM 100.8m) |
Altman Z'' 4.72
| A: 0.07 (Total Current Assets 4.46b - Total Current Liabilities 2.11b) / Total Assets 32.66b |
| B: 0.13 (Retained Earnings 4.36b / Total Assets 32.66b) |
| C: 0.17 (EBIT TTM 5.23b / Avg Total Assets 31.21b) |
| D: 2.56 (Book Value of Equity 23.48b / Total Liabilities 9.17b) |
| Altman-Z'' Score: 4.72 = AA |
Beneish M -3.36
| DSRI: 0.72 (Receivables 156.7m/164.1m, Revenue 10.46b/7.88b) |
| GMI: 0.71 (GM 53.58% / 37.98%) |
| AQI: 1.01 (AQ_t 0.18 / AQ_t-1 0.18) |
| SGI: 1.33 (Revenue 10.46b / 7.88b) |
| TATA: -0.07 (NI 3.42b - CFO 5.87b) / TA 32.66b) |
| Beneish M-Score: -3.36 (Cap -4..+1) = AA |
What is the price of AEM shares?
Over the past week, the price has changed by +0.85%, over one month by +25.78%, over three months by +37.78% and over the past year by +142.20%.
Is AEM a buy, sell or hold?
- StrongBuy: 9
- Buy: 7
- Hold: 3
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the AEM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 209.6 | -2.8% |
| Analysts Target Price | 209.6 | -2.8% |
| ValueRay Target Price | 307.8 | 42.8% |
AEM Fundamental Data Overview January 24, 2026
P/E Forward = 18.9753
P/S = 10.152
P/B = 4.3856
P/EG = 28.1515
Revenue TTM = 10.46b USD
EBIT TTM = 5.23b USD
EBITDA TTM = 6.82b USD
Long Term Debt = 196.0m USD (from longTermDebt, last quarter)
Short Term Debt = 62.2m USD (from shortTermDebt, last quarter)
Debt = 357.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.99b USD (from netDebt column, last quarter)
Enterprise Value = 105.29b USD (107.28b + Debt 357.8m - CCE 2.35b)
Interest Coverage Ratio = 51.83 (Ebit TTM 5.23b / Interest Expense TTM 100.8m)
EV/FCF = 28.69x (Enterprise Value 105.29b / FCF TTM 3.67b)
FCF Yield = 3.49% (FCF TTM 3.67b / Enterprise Value 105.29b)
FCF Margin = 35.07% (FCF TTM 3.67b / Revenue TTM 10.46b)
Net Margin = 32.68% (Net Income TTM 3.42b / Revenue TTM 10.46b)
Gross Margin = 53.58% ((Revenue TTM 10.46b - Cost of Revenue TTM 4.86b) / Revenue TTM)
Gross Margin QoQ = 56.57% (prev 58.59%)
Tobins Q-Ratio = 3.22 (Enterprise Value 105.29b / Total Assets 32.66b)
Interest Expense / Debt = 6.68% (Interest Expense 23.9m / Debt 357.8m)
Taxrate = 33.04% (514.8m / 1.56b)
NOPAT = 3.50b (EBIT 5.23b * (1 - 33.04%))
Current Ratio = 2.12 (Total Current Assets 4.46b / Total Current Liabilities 2.11b)
Debt / Equity = 0.02 (Debt 357.8m / totalStockholderEquity, last quarter 23.48b)
Debt / EBITDA = -0.29 (Net Debt -1.99b / EBITDA 6.82b)
Debt / FCF = -0.54 (Net Debt -1.99b / FCF TTM 3.67b)
Total Stockholder Equity = 22.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.95% (Net Income 3.42b / Total Assets 32.66b)
RoE = 15.45% (Net Income TTM 3.42b / Total Stockholder Equity 22.13b)
RoCE = 23.41% (EBIT 5.23b / Capital Employed (Equity 22.13b + L.T.Debt 196.0m))
RoIC = 15.28% (NOPAT 3.50b / Invested Capital 22.90b)
WACC = 6.76% (E(107.28b)/V(107.64b) * Re(6.77%) + D(357.8m)/V(107.64b) * Rd(6.68%) * (1-Tc(0.33)))
Discount Rate = 6.77% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.65%
[DCF Debug] Terminal Value 85.40% ; FCFF base≈2.95b ; Y1≈3.63b ; Y5≈6.19b
Fair Price DCF = 281.3 (EV 139.22b - Net Debt -1.99b = Equity 141.22b / Shares 502.0m; r=6.76% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 46.25 | EPS CAGR: -45.46% | SUE: -4.0 | # QB: 0
Revenue Correlation: 95.23 | Revenue CAGR: 36.26% | SUE: 0.53 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.06 | Chg30d=+0.435 | Revisions Net=+2 | Analysts=6
EPS next Year (2026-12-31): EPS=11.64 | Chg30d=+0.925 | Revisions Net=+2 | Growth EPS=+42.3% | Growth Revenue=+24.9%