Agnico Eagle Mines Limited (AEM) fair value: what the stock is really worth
We calculate from audited financials what Agnico Eagle Mines Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Basic Materials · US · Market cap $68.5B · ISIN CA0084741085
At a glance
AEAgnico Eagle Mines LimitedAEM · US
Price$201.84
Fair Value$151.68
Upside−24.9%
Quality69/100
A solid business, but trading 33% above our fair value of $151.68.
As of Sep 6, 2026, the fair value of Agnico Eagle Mines Limited is $151.68 per share against a price of $201.84, so the fair value sits 25% below the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +30.6 %/yr)
✓Highly profitable · 39.5% net margin
✓Low debt · generates free cash flow
·0.82% dividend yield
!Mixed vs. peers (8/15)
✓Wide moat 76/100
!Weak on dividend: 16 out of 100
Evidence: HighRange $113.76 to $289.24
Fair value as of: Sep 6, 2026
From 26 valuation models · updated 3 days ago
Share price +12.9% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
A fairly wide model range ($113.76 to $289.24) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.
How to read this chart
60‑month range $34.61 – $251.57 · fair‑value band $113.76 – $289.24 · the $201.84 price screens above the $151.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 6, 2026.
Agnico Eagle Mines Limited (AEM) currently trades at $201.84, while our model-based Fair Value estimate is $151.68, implying the stock looks roughly 33.1% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of $234.24 per share, and 9 of the 26 models we run sit above the $201.84 price. Bear case: the Dividend Discount group reads lowest at $23.44, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Agnico Eagle Mines Limited generated revenue of $13.5B at a net margin of 39.5%. Revenue grew 66.1% year over year. It earns a return on equity of 22.3%. The balance sheet holds a net cash position of $2.5B. Fundamentals as of Sep 6, 2026
Scenario range: $113.76 (bear) to $289.24 (bull), the price of $201.84 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 21% below its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −25%, AEM screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($6.17 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/E ratio19.0
P/S ratio7.12P/E × margin
EPS (TTM)$10.62price ÷ EPS = P/E 19.0
Dividend yield0.8%payout 15.5%
Net margin37.5%FY2025
Return on equity22.3%TTM
More key figures
Profitability
Return on assets (EBIT)10.3%avg 5y
Operating margin62.8%TTM
Growth
Revenue (TTM)$13.5BTTM
Revenue growth (YoY)+66.1%3y avg +27.5%
EPS growth (YoY)+109%
Balance sheet & cash flow
Free cash flow$4.3BFY2025
Net cash$2.5BFY2025
Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality69/100
Of which business quality 69
· Market factors (momentum, volatility) 59
Profitability60
Margins and returns on capital today
Quality Growth97
Are margins and returns improving?
Cashflow79
Earnings quality: real cash, not paper profit
Fin. Strength85
Balance sheet, leverage, solvency risk
Investment19
Disciplined investing over empire-building
Low Volatility59
Calm price path (market factor)
Momentum54
Price trend over the last 3–12 months (market factor)
52W Momentum66
Distance to the 52-week high (market factor)
Net Issuance55
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Agnico Eagle Mines Limited, a gold mining company, engages in the exploration, development, and production of precious metals. It explores for gold, silver, copper, and zinc.
Full company description
Agnico Eagle Mines Limited, a gold mining company, engages in the exploration, development, and production of precious metals. It explores for gold, silver, copper, and zinc. The company's mines are located in Canada, Australia, Finland, and Mexico; and with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States. Agnico Eagle Mines Limited was incorporated in 1953 and is headquartered in Toronto, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Agnico Eagle Mines Limited reported revenue of $11.9B in FY2025 versus $3.9B in FY2021, a compound +32.4%/yr. Reported net income was $4.5B in FY2025, compounding +67.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$11.9B
Latest YoY
+43.7%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.5%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.6%
Avg. revenue growth/yr (40Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.8%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +34.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+33.3%
Dividend yield0.8%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 33.3% vs 10Y 35.6%, steady
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.26.2% (2020) → 53.1% (2025) · rising
Worst earnings drop319% (2013) (loss year, drop beyond 100%) · in USD
⚠ Final year 2025 sits 135% above trend (one-off), rate approximate
Revenue+32.4%/yr
FY21$3.9B
FY22$5.7B
FY23$6.6B
FY24$8.3B
FY25$11.9B
Net income+67.9%/yr
FY21$562M
FY22$670M
FY23$1.9B
FY24$1.9B
FY25$4.5B
Character of growth · EPS growth decomposed (2014-2025)+33.3 % p.a.
Revenue per share+7.4 %
of which total revenue +18.1 % · buybacks/dilution −9.0 %
EBIT margin+15.5 %
Tax rate+3.9 %
Residual (interest, one-offs)+3.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score69 · Top 25%
Fair Value upside−26% · Above median
Profitability
Return on equity (TTM)22% · Above median
Return on assets16% · Top 25%
Net margin (TTM)39% · Top 25%
Operating margin (TTM)63% · Top 25%
Growth and dividend
Revenue growth66% · Above median
Dividend yield (TTM)0.8% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiples vs Gold median · lower = cheaper
P/E (TTM)19.0× · Priciest 25%
P/B2.77× · Pricier than median
P/S (TTM)5.06× · Pricier than median
P/FCF16.1× · Pricier than median
EV/EBITDA6.9× · Pricier than median
PEG28.15× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Agnico Eagle Mines Limited deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+6.7 % per year
Achieved revenue growth, 5 years+30.6 % p.a.
Sector median revenue growth+3.4 %
FCF yield on price4.19 %
Discount rate (WACC) in the models8.3 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 100
PAST89· sector 1
HEALTH100· sector 98
DIVIDEND16· sector 21
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Sep 6, 2026).
Is Agnico Eagle Mines Limited (AEM) overvalued or undervalued?
As of Sep 6, 2026, our model estimates a fair value of $151.68 versus a price of $201.84, about −25% upside (overvalued).
What is the fair value of AEM?
Our model-based fair value for Agnico Eagle Mines Limited is $151.68 (as of Sep 6, 2026), built from audited fundamentals. The current price: $201.84.
What is the quality score of AEM?
Agnico Eagle Mines Limited has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Agnico Eagle Mines Limited (AEM)?
Our model-based price target is the fair value of $151.68 (as of Sep 6, 2026) from 26 valuation models. Cautious scenario $113.76, optimistic scenario $289.24. It is a calculation from audited fundamentals, not an analyst target.
What is the Agnico Eagle Mines Limited stock forecast for 2026?
Our models put fair value at $151.68, about −25% upside versus a price of $201.84 (overvalued). Cautious scenario $113.76, optimistic scenario $289.24. The calculation is refreshed regularly with new filings.
What is the revenue of Agnico Eagle Mines Limited (AEM)?
Agnico Eagle Mines Limited reported trailing-twelve-month revenue of about $13.5B (latest available figure, as of Sep 6, 2026).
What is the net profit margin of AEM?
The net profit margin of Agnico Eagle Mines Limited is about 39.5%, meaning it keeps roughly 39.5% of revenue as net income. Based on the latest reported figures.
Does Agnico Eagle Mines Limited pay a dividend?
Agnico Eagle Mines Limited currently shows a dividend yield of about 0.82% relative to its recent price (as of Sep 6, 2026).
What growth is priced into Agnico Eagle Mines Limited (AEM)?
For today's price to be fair in a discounted-cash-flow model, Agnico Eagle Mines Limited would have to grow free cash flow by +6.7 % per year for ten years (discount rate 8.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew +30.6 % per year. As of Sep 6, 2026.
What discount rate (WACC) does the fair value of AEM use?
Our models discount Agnico Eagle Mines Limited at 8.3 %: a base by market capitalisation (large), damped by beta 0.60, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Agnico Eagle Mines Limited (AEM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Agnico Eagle Mines Limited it is $151.68 per share (as of Sep 6, 2026), against a price of $201.84. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Agnico Eagle Mines Limited stock overvalued or undervalued in 2026?
As of Sep 6, 2026, AEM trades above its calculated fair value: price $201.84, fair value $151.68, a gap of about −25% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AEM?
No. The price is what the market pays today ($201.84); the fair value is what the company's own numbers justify ($151.68). For Agnico Eagle Mines Limited the two are $50.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Agnico Eagle Mines Limited worth?
The market values Agnico Eagle Mines Limited at about $68.5B (market capitalisation, as of Sep 6, 2026). Per share that is $201.84; our models calculate a fair value of $151.68 per share.
What do the bullish and bearish scenarios say about AEM?
Our models span a range for Agnico Eagle Mines Limited: cautious scenario $113.76, base $151.68, optimistic $289.24 per share (as of Sep 6, 2026, price $201.84). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AEM?
Agnico Eagle Mines Limited trades at a price-to-earnings ratio of 19.0 (as of Sep 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $151.68 is built from several models across several years. Other multiples: PEG 28.2, P/B 2.8, P/S 5.1, EV/EBITDA 6.9.
What is the PEG ratio of AEM?
The PEG ratio of Agnico Eagle Mines Limited is 28.15 (P/E divided by earnings growth, as of Sep 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Agnico Eagle Mines Limited (AEM)?
Balance-sheet figures for Agnico Eagle Mines Limited (as of Sep 6, 2026): return on equity 22.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is AEM from its 52-week high?
Agnico Eagle Mines Limited trades at $201.84, about 21% below its 52-week high of $254.61 and 78% above the low of $113.54 (as of Sep 6, 2026). Distance from the high says nothing about value: that is what the fair value of $151.68 is for.
Which stocks are comparable to Agnico Eagle Mines Limited?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Barrick Mining Corporation, Franco-Nevada Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Agnico Eagle Mines Limited stock attractive at the current price?
The data as of Sep 6, 2026: price $201.84, calculated fair value $151.68 (−25%), Quality Score 69/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AEM calculated?
We run Agnico Eagle Mines Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $151.68, with the spread shown as a cautious and an optimistic scenario.
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Agnico Eagle Mines Limited
AEM · US