Agnico Eagle Mines Limited
Agnico Eagle Mines Limited is a Canadian gold mining company focused on the exploration, development, and production of precious metals. Its portfolio centers on gold operations supported by by-products such as silver, copper, and zinc, with mining and project activity across Canada, Finland, Mexico, and Australia. The company operates a network of producing mines, development projects, and exploration properties, giving it exposure to both established underground and open-pit assets. Agnico Eagle Mines Limited serves global markets through the extraction and processing of mineral ore into saleable metal products used in industries such as jewelry, electronics, and manufacturing. Headquartered in Toronto, Canada, the company is recognized as a major participant in the gold mining sector, with operations spanning the full mining lifecycle from exploration and mine development to production and reclamation.
C$263.15
+C$1.32 (+0.50%)
EOD Oct 21, 2026
Margins and capital returns are both well above average: 53.14% operating margin, ROIC at 15.26%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 5.5%, steady but not accelerating.
Even for strong businesses, today's 16x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
16.1x earnings, 20.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$14.53B
▲ +5.5% YoY
Net Income (TTM)
$5.87B
▲ +72.7% YoY
Op. Margin
58.34%
▲ +15.1pp YoY
ROIC
15.26%
▲ +4.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4.55B
▲ +47.1% YoY
Op. Cash Flow (TTM)
$7.42B
▲ +30.3% YoY
Net Debt
-$2.55B
Net Cash Position
Cash & Equiv.
$2.87B
3Y CAGR: +27.5%
3Y CAGR: +96.9%
Continue Research
Is Agnico Eagle Mines (AEM) overvalued?
At a P/E of 16.1 and a price-to-free-cash-flow of 20.7, Agnico Eagle Mines (AEM) trades below a two-stage DCF intrinsic value of about $461.63 per share, so at $263.15 the stock looks undervalued (75.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Agnico Eagle Mines scores 84/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.9%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Agnico Eagle Mines's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $461.63 per share for AEM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $346.22. At today's $263.15, that puts the stock about 75.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Agnico Eagle Mines a high-quality business?+
Agnico Eagle Mines scores 84 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 58.3% operating margin and a 15.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Agnico Eagle Mines (AEM) pay a dividend, and how much?+
Yes, Agnico Eagle Mines pays a regular dividend of about $1.70 per share per year (typically in quarterly installments), a yield of roughly 0.9% at the current price. That is a payout ratio of about 14.6% of earnings, so the dividend is amply covered by earnings. Agnico Eagle Mines has grown the dividend at roughly 35.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For AEM's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Agnico Eagle Mines a good stock to buy right now?+
That depends on valuation and quality together, not either alone. AEM currently trades below its estimated intrinsic value and scores 84/100 on quality (high-quality). It also yields about 0.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Gold
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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