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STOCK COMPARISON

Agnico Eagle Mines vs Wheaton Precious Metals: Fair Value & Quality

Both stocks run through our valuation models. Here is how Agnico Eagle Mines (AEM) and Wheaton Precious Metals (WPM) compare, as of Nov 11, 2026.

As of Nov 11, 2026, Fair Value Calculator sees Agnico Eagle Mines as the more attractively valued of the two: Agnico Eagle Mines trades at $186 versus a fair value of $221 (+18.8%), while Wheaton Precious Metals trades at $136 versus $87.64 (−35.4%).
Agnico Eagle Mines
AEM · USD · Materials
+18.8%
upside to fair value
undervalued
Price$186
Fair Value$221
Quality73/100
Fair ValueQualityUptrend
Wheaton Precious Metals
WPM · USD · Materials
−35.4%
upside to fair value
overvalued
Price$136
Fair Value$87.64
Quality75/100
Fair ValueQualityUptrend
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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 MinesWheaton Precious Metals
Valuation
15.2×P/E (TTM)29.5×
22.4×P/E ex one-offs (FY2025)35.8×
15.9×Forward P/E (FY2027)27.5×
31.0×Median P/E at FY-end (ex one-offs where documented)39.3×
6.21×P/S (TTM)17.79×
3.78×P/B7.11×
8.6×EV/EBITDA20.7×
28.15×PEG0.43×
+18.8%Fair value upside−35.4%
0.9%Dividend yield0.6%
$1.75Dividend per share$0.75
Profitability
55.5%Operating margin66.7%
2.03×EBIT margin trend (5Y)1.45×
23.2%Return on equity23.1%
12.9%Return on assets16.4%
Growth
17.1%Revenue growth (YoY)62.0%
27.5%Avg. growth/yr (3Y)30.3%
30.6%Avg. growth/yr (5Y)16.5%
+32.3%Value creation/yr+28.2%
Balance & size
226.9×Interest coverage (EBIT/interest)276.5×
0.01×Debt / equityn/a
$94BMarket cap$62B
expensiveGrowth qualitymixed
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Agnico Eagle Mines, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 31. Wheaton Precious Metals, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 39.3.
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.

Agnico Eagle Mines leads: 9 to 6 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 Mines Wheaton Precious Metals
ProfitabilityHow much profit the company makes from its sales and capital
60
60
Quality GrowthAre margins and returns getting better?
97
98
CashflowDo the profits arrive as real cash?
79
63
Financial strengthDebt, balance sheet and risk of trouble
85
88
InvestmentDoes it invest with discipline instead of growing at any price?
19
34
Low VolatilityHow calm the share price moves, does not count
56
28
Price momentumPrice momentum of the last 3 to 12 months, does not count
44
52
Near the 52-week highDistance to the 52-week high, does not count
45
63
New sharesBuys back shares or issues new ones?
78
81

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 $186Wheaton Precious MetalsPrice $136
DCF Models+34.3%above the price$250−72.3%below the price$37.53
Earnings-Based−2.3%close to the price$182−63.3%below the price$49.77
Dividend Discount−78.3%below the price$40.34−92.4%below the price$10.26
Multiples−31.5%below the price$127−64.0%below the price$48.75
Asset-Based−85.3%below the price$27.28−98.8%below the price$1.59
Growth DCF+3.9%close to the price$193−83.1%below the price$22.90
Economic Profit−33.0%below the price$125−73.9%below the price$35.44
Growth Earnings+18.3%above the price$220−54.8%below the price$61.25
Matching families8 of 8
Minimum−85.3%below the price$27.28−98.8%below the price$1.59
Maximum+34.3%above the price$250−54.8%below the price$61.25
Median−16.9%below the price$155−73.1%below the price$36.48
Geometric mean−37.4%below the price$116−83.2%below the price$22.83
Ahead family by family8 of 80 of 8

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 8 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Agnico Eagle Mines is ahead in 8 of 8 shared families, Wheaton Precious Metals in none.

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

Wheaton Precious Metals: 26 of 26 models see the stock below the current price.

Agnico Eagle Mines: The fair value at the top is not the result of a single model. It starts from the evidence-weighted blend of the models and is adjusted afterwards, so it can sit above or below the models.

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 $186
Fair Value $221
Bear $129Bull $287
Wheaton Precious Metals
Price $136
Fair Value $87.64
Bear $48.08Bull $130

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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+18.8% · Top 25%

Wheaton Precious Metals · Materials

Quality score75 · Top 25%
Fair value upside−35.4% · below median

Bottom line

As of Nov 11, 2026, Fair Value Calculator sees Agnico Eagle Mines as the more attractively valued of the two: Agnico Eagle Mines trades at $186 versus a fair value of $221 (+18.8%), while Wheaton Precious Metals trades at $136 versus $87.64 (−35.4%).

Wheaton Precious Metals has the higher quality score (75/100).

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.