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STOCK COMPARISON

Agnico Eagle Mines vs Newmont Goldcorp: Fair Value & Quality

Both stocks run through our valuation models. Here is how Agnico Eagle Mines (AEM) and Newmont Goldcorp (NEM) compare, as of Oct 5, 2026.

As of Oct 5, 2026, Fair Value Calculator sees Agnico Eagle Mines as the more attractively valued of the two: Agnico Eagle Mines trades at $184 versus a fair value of $220 (+19.6%), while Newmont Goldcorp trades at $116 versus $127 (+9.8%).
Agnico Eagle Mines
AEM · USD · Materials
+19.6%
upside to fair value
undervalued
Price$184
Fair Value$220
Quality73/100
Newmont Goldcorp
NEM · USD · Materials
+9.8%
upside to fair value
fairly valued
Price$116
Fair Value$127
Quality69/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Agnico Eagle MinesNewmont Goldcorp
Valuation
15.9×P/E (TTM)14.6×
22.1×P/E ex one-offs (FY2025)9.0×
14.7×Forward P/E (FY2027)11.3×
6.36×P/S (TTM)4.79×
3.73×P/B3.64×
8.8×EV/EBITDA7.1×
28.15×PEG2.83×
+19.6%Fair value upside+9.8%
0.9%Dividend yield0.9%
$1.70Dividend per share$1.03
Profitability
58.1%Operating margin51.6%
2.03×EBIT margin trend (5Y)1.80×
23.0%Return on equity25.9%
15.7%Return on assets15.8%
Growth
35.0%Revenue growth (YoY)15.1%
27.5%Avg. growth/yr (3Y)22.7%
30.6%Avg. growth/yr (5Y)14.1%
+32.3%Value creation/yr+40.9%
Balance & size
226.9×Interest coverage (EBIT/interest)34.4×
0.01×Debt / equity0.15×
$92BMarket cap$123B
expensiveGrowth qualityhealthy
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Newmont Goldcorp leads: 7 to 8 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Agnico Eagle Minesof which business quality 72 · market factors 49 Newmont Goldcorpof which business quality 68 · market factors 64
ProfitabilityMargins and returns on capital today
60
61
Quality GrowthAre margins and returns improving?
97
92
CashflowEarnings quality: real cash, not paper profit
79
81
Fin. StrengthBalance sheet, leverage, solvency risk
85
85
InvestmentDisciplined investing over empire-building
19
22
Low VolatilityCalm price path (market factor)
56
59
MomentumPrice trend over the last 3–12 months (market factor)
49
65
52W MomentumDistance to the 52-week high (market factor)
42
70
Net IssuanceShare count: buybacks or dilution?
78
50

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAgnico Eagle MinesPrice $184Newmont GoldcorpPrice $116
DCF Models+28.3%above the price$236+24.9%above the price$144
Earnings-Based−5.0%close to the price$174−36.3%below the price$73.63
Dividend Discount−86.2%below the price$25.30n/a
Multiples−19.3%below the price$148−8.8%close to the price$105
Asset-Based−82.2%below the price$32.74−81.4%below the price$21.53
Growth DCF−4.4%close to the price$176−3.9%close to the price$111
Economic Profit−38.1%below the price$114−40.2%below the price$69.15
Growth Earnings+19.6%above the price$220−5.9%close to the price$109
Minimum−86.2%below the price$25.30−81.4%below the price$21.53
Maximum+28.3%above the price$236+24.9%above the price$144
Median−12.2%close to the price$161−8.8%close to the price$105
Geometric mean−39.9%below the price$110−31.2%below the price$79.53

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Agnico Eagle Mines: 17 of 26 models see the stock below the current price.

Newmont Goldcorp: 14 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Agnico Eagle Mines
Price $184
Fair Value $220
Bear $128Bull $286
Newmont Goldcorp
Price $116
Fair Value $127
Bear $95.15Bull $159

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Agnico Eagle Mines · Materials

Quality score73 · Top 25%
Fair value upside+19.6% · Top 25%

Newmont Goldcorp · Materials

Quality score69 · Top 25%
Fair value upside+9.8% · above median

Bottom line

As of Oct 5, 2026, Fair Value Calculator sees Agnico Eagle Mines as the more attractively valued of the two: Agnico Eagle Mines trades at $184 versus a fair value of $220 (+19.6%), while Newmont Goldcorp trades at $116 versus $127 (+9.8%).

Agnico Eagle Mines has the higher quality score (73/100).

Open Agnico Eagle Mines live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.