Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland.
Excellent balance sheet second-rate dividend payer.
Share Price & News
How has Agnico Eagle Mines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AEM has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: AEM exceeded the Canadian Metals and Mining industry which returned 5.4% over the past year.
Return vs Market: AEM exceeded the Canadian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is Agnico Eagle Mines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall StWhat You Need To Know About Sustainability Of Agnico Eagle Mines Limited’s (TSX:AEM) Capital Returns
2 years ago | Simply Wall StHow Analysts See Agnico Eagle Mines Limited (TSX:AEM) Perform Over The Next Year?
3 years ago | Simply Wall StWhat analysts think about Agnico Eagle Mines Limited's (TSX:AEM) future?
Is Agnico Eagle Mines undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AEM (CA$68.7) is trading above our estimate of fair value (CA$49.5)
Significantly Below Fair Value: AEM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AEM is poor value based on its PE Ratio (26x) compared to the Metals and Mining industry average (17.4x).
PE vs Market: AEM is poor value based on its PE Ratio (26x) compared to the Canadian market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: AEM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AEM is overvalued based on its PB Ratio (2.4x) compared to the CA Metals and Mining industry average (1.6x).
How is Agnico Eagle Mines forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AEM's earnings are forecast to decline over the next 3 years (-2.6% per year).
Earnings vs Market: AEM's earnings are forecast to decline over the next 3 years (-2.6% per year).
High Growth Earnings: AEM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AEM's revenue (4.5% per year) is forecast to grow slower than the Canadian market (4.7% per year).
High Growth Revenue: AEM's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AEM's Return on Equity is forecast to be low in 3 years time (5.8%).
How has Agnico Eagle Mines performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AEM has a large one-off gain of $345.8M impacting its December 31 2019 financial results.
Growing Profit Margin: AEM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AEM has become profitable over the past 5 years, growing earnings by -12.4% per year.
Accelerating Growth: AEM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AEM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).
Return on Equity
High ROE: AEM's Return on Equity (9.3%) is considered low.
Return on Assets
Return on Capital Employed
How is Agnico Eagle Mines's financial position?
Financial Position Analysis
Short Term Liabilities: AEM's short term assets ($1.2B) exceed its short term liabilities ($775.6M).
Long Term Liabilities: AEM's short term assets ($1.2B) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: AEM's debt to equity ratio (33.7%) is considered satisfactory.
Reducing Debt: AEM's debt to equity ratio has reduced from 33.8% to 33.7% over the past 5 years.
Inventory Level: AEM has a high level of physical assets or inventory.
Debt Coverage by Assets: AEM's debt is not covered by short term assets (assets are 0.7x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AEM is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: AEM is profitable, therefore cash runway is not a concern.
What is Agnico Eagle Mines's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Agnico Eagle Mines before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AEM's dividend (1.54%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: AEM's dividend (1.54%) is low compared to the top 25% of dividend payers in the Canadian market (5.38%).
Stability and Growth of Payments
Stable Dividend: AEM's dividend payments have been volatile in the past 10 years.
Growing Dividend: AEM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.5%), AEM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AEM's dividends in 3 years are forecast to be well covered by earnings (49.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sean Boyd (60yo)
Mr. Sean Boyd, CPA, C.A. has been the Chief Executive Officer of Agnico Eagle Mines Limited since 1998 and served as its President from February 2012 to April 6, 2015. Mr. Boyd has been with Agnico-Eagle s ...
CEO Compensation Analysis
Compensation vs Market: Sean's total compensation ($USD9.51M) is above average for companies of similar size in the Canadian market ($USD6.87M).
Compensation vs Earnings: Sean's compensation has been consistent with company performance over the past year.
|Vice-Chairman & CEO||22.1yrs||US$9.51m||0.066% $11.0m|
|Senior VP of Finance & CFO||7.3yrs||US$3.03m||0.030% $5.0m|
|Senior Vice-President of Operations - Canada & Europe||8yrs||US$2.88m||0.0073% $1.2m|
|Senior Vice President of Corporate Development||0.08yrs||US$2.28m||0.030% $5.0m|
|Vice President of Investor Relations||8.1yrs||no data||no data|
|General Counsel & Senior VP of Legal||13.2yrs||US$2.13m||0.028% $4.7m|
|Senior Vice President of People & Culture||5yrs||no data||0.026% $4.3m|
|Senior Vice-President of Operations - U.S.A & Latin America||8yrs||no data||0.027% $4.6m|
|Senior Vice President of Sustainability||0.08yrs||no data||0.0038% $643.9k|
Experienced Management: AEM's management team is seasoned and experienced (7.7 years average tenure).
|Vice-Chairman & CEO||22.1yrs||US$9.51m||0.066% $11.0m|
|Independent Director||4.7yrs||US$280.36k||0.0075% $1.3m|
|Independent Chairman of the Board||0yrs||US$585.93k||0.0015% $251.5k|
|Independent Director||17.1yrs||US$281.36k||0.0049% $828.3k|
|Independent Director||17.1yrs||US$306.91k||0.0060% $999.3k|
|Independent Director||9.1yrs||US$280.36k||0.0034% $563.4k|
|Independent Director||9.1yrs||US$305.57k||0.0020% $335.3k|
|Independent Director||11.7yrs||US$287.03k||0.0066% $1.1m|
|Independent Director||9yrs||US$280.36k||0.0049% $818.2k|
|Independent Director||6yrs||US$295.48k||0.0034% $568.4k|
Experienced Board: AEM's board of directors are considered experienced (9.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AEM insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Agnico Eagle Mines Limited's company bio, employee growth, exchange listings and data sources
- Name: Agnico Eagle Mines Limited
- Ticker: AEM
- Exchange: TSX
- Founded: 1953
- Industry: Gold
- Sector: Materials
- Market Cap: US$12.632b
- Listing Market Cap: US$16.767b
- Shares outstanding: 239.52m
- Website: https://www.agnicoeagle.com
Number of Employees
- Agnico Eagle Mines Limited
- 145 King Street East
- Suite 400
- M5C 2Y7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AEM||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Dec 1972|
|AEM||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Dec 1972|
|AE9||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1972|
|AEM||SWX (SIX Swiss Exchange)||Yes||Common Shares||CH||CHF||Dec 1972|
|0R2J||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Dec 1972|
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments. It primarily produces and sells gold deposit, as well as explores for silver, zinc, and copper deposits. The company’s flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2018, its LaRonde mine had a proven and probable mineral reserve of approximately 3.1 million ounces of gold. The company is also involved in exploration activities in Europe, Latin America, and the United States. Agnico Eagle Mines Limited was founded in 1953 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 00:17|
|End of Day Share Price||2020/02/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.