AGNICO EAGLE MINES LTD (AEM.CA) Fundamental Analysis & Valuation
TSX:AEM • CA0084741085
300.11 CAD
-2.89 (-0.95%)
Last: Mar 6, 2026, 07:00 PM
This AEM.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, AEM scores 7 out of 10 in our fundamental rating. AEM was compared to 816 industry peers in the Metals & Mining industry. AEM gets an excellent profitability rating and is at the same time showing great financial health properties. AEM has a correct valuation and a medium growth rate. These ratings could make AEM a good candidate for quality investing.
1. AEM.CA Profitability Analysis
1.1 Basic Checks
- AEM had positive earnings in the past year.
- In the past year AEM had a positive cash flow from operations.
- AEM had positive earnings in each of the past 5 years.
- Each year in the past 5 years AEM had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of AEM (12.94%) is better than 93.87% of its industry peers.
- AEM has a better Return On Equity (18.03%) than 94.24% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 13.31%, AEM belongs to the top of the industry, outperforming 95.34% of the companies in the same industry.
- AEM had an Average Return On Invested Capital over the past 3 years of 8.24%. This is below the industry average of 12.59%.
- The 3 year average ROIC (8.24%) for AEM is below the current ROIC(13.31%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.94% | ||
| ROE | 18.03% | ||
| ROIC | 13.31% |
ROA(3y)8.68%
ROA(5y)6.88%
ROE(3y)12.38%
ROE(5y)10.12%
ROIC(3y)8.24%
ROIC(5y)7.37%
1.3 Margins
- Looking at the Profit Margin, with a value of 37.47%, AEM belongs to the top of the industry, outperforming 96.94% of the companies in the same industry.
- In the last couple of years the Profit Margin of AEM has grown nicely.
- AEM has a better Operating Margin (53.51%) than 98.77% of its industry peers.
- In the last couple of years the Operating Margin of AEM has grown nicely.
- AEM has a Gross Margin of 71.95%. This is amongst the best in the industry. AEM outperforms 98.04% of its industry peers.
- In the last couple of years the Gross Margin of AEM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.51% | ||
| PM (TTM) | 37.47% | ||
| GM | 71.95% |
OM growth 3Y26.55%
OM growth 5Y15.2%
PM growth 3Y47.5%
PM growth 5Y18.11%
GM growth 3Y9.34%
GM growth 5Y5.67%
2. AEM.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AEM is still creating some value.
- Compared to 1 year ago, AEM has less shares outstanding
- The number of shares outstanding for AEM has been increased compared to 5 years ago.
- Compared to 1 year ago, AEM has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 8.17 indicates that AEM is not in any danger for bankruptcy at the moment.
- With a Altman-Z score value of 8.17, AEM perfoms like the industry average, outperforming 59.31% of the companies in the same industry.
- The Debt to FCF ratio of AEM is 0.07, which is an excellent value as it means it would take AEM, only 0.07 years of fcf income to pay off all of its debts.
- AEM has a better Debt to FCF ratio (0.07) than 96.69% of its industry peers.
- AEM has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of AEM (0.01) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 8.17 |
ROIC/WACC1.33
WACC10.03%
2.3 Liquidity
- A Current Ratio of 2.02 indicates that AEM has no problem at all paying its short term obligations.
- AEM has a Current ratio (2.02) which is in line with its industry peers.
- AEM has a Quick Ratio of 1.33. This is a normal value and indicates that AEM is financially healthy and should not expect problems in meeting its short term obligations.
- AEM's Quick ratio of 1.33 is in line compared to the rest of the industry. AEM outperforms 46.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.33 |
3. AEM.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 96.93% over the past year.
- Measured over the past years, AEM shows a very strong growth in Earnings Per Share. The EPS has been growing by 34.97% on average per year.
- AEM shows a strong growth in Revenue. In the last year, the Revenue has grown by 43.71%.
- Measured over the past years, AEM shows a very strong growth in Revenue. The Revenue has been growing by 30.57% on average per year.
EPS 1Y (TTM)96.93%
EPS 3Y53.79%
EPS 5Y34.97%
EPS Q2Q%114.29%
Revenue 1Y (TTM)43.71%
Revenue growth 3Y27.53%
Revenue growth 5Y30.57%
Sales Q2Q%60.27%
3.2 Future
- The Earnings Per Share is expected to decrease by -6.04% on average over the next years.
- The Revenue is expected to decrease by -4.01% on average over the next years.
EPS Next Y32.16%
EPS Next 2Y16.24%
EPS Next 3Y2.34%
EPS Next 5Y-6.04%
Revenue Next Year30.09%
Revenue Next 2Y14.55%
Revenue Next 3Y2.92%
Revenue Next 5Y-4.01%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. AEM.CA Valuation Analysis
4.1 Price/Earnings Ratio
- AEM is valuated quite expensively with a Price/Earnings ratio of 26.44.
- Based on the Price/Earnings ratio, AEM is valued cheaply inside the industry as 90.69% of the companies are valued more expensively.
- AEM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
- AEM is valuated rather expensively with a Price/Forward Earnings ratio of 20.01.
- Based on the Price/Forward Earnings ratio, AEM is valued cheaply inside the industry as 90.32% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.57. AEM is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.44 | ||
| Fwd PE | 20.01 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, AEM is valued cheaply inside the industry as 94.00% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of AEM indicates a rather cheap valuation: AEM is cheaper than 95.10% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.21 | ||
| EV/EBITDA | 13.6 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The excellent profitability rating of AEM may justify a higher PE ratio.
PEG (NY)0.82
PEG (5Y)0.76
EPS Next 2Y16.24%
EPS Next 3Y2.34%
5. AEM.CA Dividend Analysis
5.1 Amount
- AEM has a yearly dividend return of 0.66%, which is pretty low.
- Compared to an average industry Dividend Yield of 0.38, AEM pays a better dividend. On top of this AEM pays more dividend than 96.69% of the companies listed in the same industry.
- With a Dividend Yield of 0.66, AEM pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
5.2 History
- The dividend of AEM is nicely growing with an annual growth rate of 13.00%!
- AEM has paid a dividend for at least 10 years, which is a reliable track record.
- AEM has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)13%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
- AEM pays out 16.32% of its income as dividend. This is a sustainable payout ratio.
DP16.32%
EPS Next 2Y16.24%
EPS Next 3Y2.34%
AEM.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:AEM (3/6/2026, 7:00:00 PM)
300.11
-2.89 (-0.95%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-13 2026-02-13/amc
Earnings (Next)04-30 2026-04-30
Inst Owners72.41%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap150.54B
Revenue(TTM)11.91B
Net Income(TTM)4.46B
Analysts81.18
Price Target329 (9.63%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.66% |
Yearly Dividend1.99
Dividend Growth(5Y)13%
DP16.32%
Div Incr Years0
Div Non Decr Years11
Ex-Date03-02 2026-03-02 (0.45)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.24%
Min EPS beat(2)-0.87%
Max EPS beat(2)17.35%
EPS beat(4)3
Avg EPS beat(4)10.73%
Min EPS beat(4)-0.87%
Max EPS beat(4)17.35%
EPS beat(8)7
Avg EPS beat(8)12.22%
EPS beat(12)10
Avg EPS beat(12)11.37%
EPS beat(16)13
Avg EPS beat(16)15.16%
Revenue beat(2)2
Avg Revenue beat(2)4.41%
Min Revenue beat(2)2.3%
Max Revenue beat(2)6.53%
Revenue beat(4)4
Avg Revenue beat(4)4.95%
Min Revenue beat(4)1.49%
Max Revenue beat(4)9.49%
Revenue beat(8)7
Avg Revenue beat(8)3.87%
Revenue beat(12)9
Avg Revenue beat(12)2.9%
Revenue beat(16)10
Avg Revenue beat(16)2.35%
PT rev (1m)14.56%
PT rev (3m)22.11%
EPS NQ rev (1m)11.51%
EPS NQ rev (3m)29.29%
EPS NY rev (1m)0%
EPS NY rev (3m)7.34%
Revenue NQ rev (1m)14.77%
Revenue NQ rev (3m)43.86%
Revenue NY rev (1m)9.94%
Revenue NY rev (3m)14.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.44 | ||
| Fwd PE | 20.01 | ||
| P/S | 9.28 | ||
| P/FCF | 25.21 | ||
| P/OCF | 16.21 | ||
| P/B | 4.47 | ||
| P/tB | 5.37 | ||
| EV/EBITDA | 13.6 |
EPS(TTM)11.35
EY3.78%
EPS(NY)15
Fwd EY5%
FCF(TTM)11.91
FCFY3.97%
OCF(TTM)18.51
OCFY6.17%
SpS32.34
BVpS67.2
TBVpS55.91
PEG (NY)0.82
PEG (5Y)0.76
Graham Number131
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.94% | ||
| ROE | 18.03% | ||
| ROCE | 19.91% | ||
| ROIC | 13.31% | ||
| ROICexc | 14.63% | ||
| ROICexgc | 17.06% | ||
| OM | 53.51% | ||
| PM (TTM) | 37.47% | ||
| GM | 71.95% | ||
| FCFM | 36.82% |
ROA(3y)8.68%
ROA(5y)6.88%
ROE(3y)12.38%
ROE(5y)10.12%
ROIC(3y)8.24%
ROIC(5y)7.37%
ROICexc(3y)8.78%
ROICexc(5y)7.76%
ROICexgc(3y)10.29%
ROICexgc(5y)8.83%
ROCE(3y)12.33%
ROCE(5y)11.03%
ROICexgc growth 3Y49.44%
ROICexgc growth 5Y20.63%
ROICexc growth 3Y46.72%
ROICexc growth 5Y18.1%
OM growth 3Y26.55%
OM growth 5Y15.2%
PM growth 3Y47.5%
PM growth 5Y18.11%
GM growth 3Y9.34%
GM growth 5Y5.67%
F-Score9
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 147.89% | ||
| Cap/Sales | 20.43% | ||
| Interest Coverage | 135.93 | ||
| Cash Conversion | 85.03% | ||
| Profit Quality | 98.26% | ||
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | 8.17 |
F-Score9
WACC10.03%
ROIC/WACC1.33
Cap/Depr(3y)126.88%
Cap/Depr(5y)128.54%
Cap/Sales(3y)22.57%
Cap/Sales(5y)23.53%
Profit Quality(3y)86.23%
Profit Quality(5y)84.36%
High Growth Momentum
Growth
EPS 1Y (TTM)96.93%
EPS 3Y53.79%
EPS 5Y34.97%
EPS Q2Q%114.29%
EPS Next Y32.16%
EPS Next 2Y16.24%
EPS Next 3Y2.34%
EPS Next 5Y-6.04%
Revenue 1Y (TTM)43.71%
Revenue growth 3Y27.53%
Revenue growth 5Y30.57%
Sales Q2Q%60.27%
Revenue Next Year30.09%
Revenue Next 2Y14.55%
Revenue Next 3Y2.92%
Revenue Next 5Y-4.01%
EBIT growth 1Y99.93%
EBIT growth 3Y61.39%
EBIT growth 5Y50.41%
EBIT Next Year84.37%
EBIT Next 3Y22.18%
EBIT Next 5Y-1.72%
FCF growth 1Y106.14%
FCF growth 3Y98.75%
FCF growth 5Y58.9%
OCF growth 1Y72.11%
OCF growth 3Y48.15%
OCF growth 5Y41.73%
AGNICO EAGLE MINES LTD / AEM.CA FAQ
What is the fundamental rating for AEM stock?
ChartMill assigns a fundamental rating of 7 / 10 to AEM.CA.
Can you provide the valuation status for AGNICO EAGLE MINES LTD?
ChartMill assigns a valuation rating of 6 / 10 to AGNICO EAGLE MINES LTD (AEM.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for AGNICO EAGLE MINES LTD?
AGNICO EAGLE MINES LTD (AEM.CA) has a profitability rating of 9 / 10.
What are the PE and PB ratios of AGNICO EAGLE MINES LTD (AEM.CA) stock?
The Price/Earnings (PE) ratio for AGNICO EAGLE MINES LTD (AEM.CA) is 26.44 and the Price/Book (PB) ratio is 4.47.
Is the dividend of AGNICO EAGLE MINES LTD sustainable?
The dividend rating of AGNICO EAGLE MINES LTD (AEM.CA) is 6 / 10 and the dividend payout ratio is 16.32%.