# Agnico Eagle Mines Limited (AEM.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$283.22, market value C$143.4 billion.

## Valuation
- **P/E (trailing): 17.5×** (5-yr avg 28.8×, 3-yr avg 24.2×). Agnico Eagle Mines Limited trades at 17.5× trailing earnings, well below its own five-year average of 28.8×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 16.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.12**. A PEG of 0.12 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 7.1×**. Each dollar of revenue is priced at 7.1×.
- **Price / book: 3.6×**. The shares trade at 3.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.9×**. Enterprise value is 9.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.4%** (5-yr avg 3.0%). Free cash flow equals 4.4% of the market value, above its five-year average of 3.0%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 5.7%**. The inverse of the P/E: 5.7% of the price is earned each year.

## Profitability
- **Gross margin: 62.1%**. Agnico Eagle Mines Limited keeps 62.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 58.8%**. 58.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 37.5%**. 37.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.4%**. 18.4% on shareholders' equity is solid.
- **Return on invested capital: 25.8%**. Return on all capital, debt included, is 25.8%: comfortably above what that capital costs.
- **Return on assets: 17.1%**. Each dollar of assets produces 17.1% of profit.

## Growth
- **Revenue growth (1 yr): 46.2%** (3-yr 28.3%/yr, 5-yr 31.0%/yr). Revenue grew 46.2% over the last year, against 31.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 138.6%** (3-yr 83.1%/yr, 5-yr 32.4%/yr). Earnings per share rose 138.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 99.8%/yr**. Free cash flow has compounded at 99.8% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Agnico Eagle Mines Limited holds more cash than debt.
- **Interest coverage: 117.0×**. Operating profit covers interest 117.0× over, a safe margin.
- **Current ratio: 2.02** (quick 1.33). Current assets cover the next year's liabilities 2.02 times.
- **Altman Z-score: 10.92**. A Z-score of 10.92 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.86%** (C$2.44 per share, trailing). Agnico Eagle Mines Limited yields 0.86%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 16%** (17% of free cash flow). 16% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 11**. 11 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 12.1%/yr** (1-yr 2.3%). The dividend has compounded at 12.1% a year over five years, doubling roughly every 6 years at that pace.
- **Shareholder yield: 1.8%**. Dividends plus net buybacks return 1.8% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover Agnico Eagle Mines Limited; the consensus is buy, with an average price target of C$285.01 (+1% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 38.6%** (YTD 21.9%, 3-mo 24.2%). The shares are up 38.6% over twelve months including dividends.
- **From 52-week high: -18.8%** (50.3% above the low). Trading 19% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 2.62** (volatility 48%). Beta of 2.62 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AEM.TO · Page: https://foliofundamentals.com/stocks/aem.to

Not investment advice.