Agnico Eagle Mines Limited

SWX:AEM Stock Report

Market Cap: CHF 62.2b

Agnico Eagle Mines Valuation

Is AEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of AEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: AEM (CHF124.3) is trading below our estimate of future cash flow value (CHF165.55)

Significantly Below Future Cash Flow Value: AEM is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AEM?

Key metric: As AEM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AEM. This is calculated by dividing AEM's market cap by their current earnings.
What is AEM's PE Ratio?
PE Ratio14.4x
EarningsUS$5.34b
Market CapUS$77.43b

Price to Earnings Ratio vs Peers

How does AEM's PE Ratio compare to its peers?

The above table shows the PE ratio for AEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.2x
GIVN Givaudan
30.2x5.71%CHF 32.3b
SIKA Sika
26.5x9.44%CHF 27.7b
HOLN Holcim
106.5x25.62%CHF 41.4b
AMRZ Amrize
25.7x15.17%CHF 23.9b
AEM Agnico Eagle Mines
14.4x0.65%CHF 77.4b

Price-To-Earnings vs Peers: AEM is good value based on its Price-To-Earnings Ratio (14.4x) compared to the peer average (47.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does AEM's PE Ratio compare vs other companies in the European Metals and Mining Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AEM 14.4xIndustry Avg. 16.8xNo. of Companies17PE01020304050+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AEM is good value based on its Price-To-Earnings Ratio (14.4x) compared to the European Metals and Mining industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is AEM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AEM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 124.30
CHF 193.49
+55.66%
24.75%CHF 249.10CHF 74.73n/a14
Jun ’27n/a
CHF 198.39
0%
22.82%CHF 257.55CHF 72.58n/a15
May ’27n/a
CHF 197.87
0%
23.73%CHF 260.22CHF 72.70n/a14
Apr ’27n/a
CHF 201.86
0%
23.90%CHF 264.65CHF 71.53n/a14
Mar ’27n/a
CHF 187.76
0%
22.41%CHF 253.70CHF 69.19n/a14
Feb ’27n/a
CHF 171.35
0%
21.64%CHF 213.35CHF 61.84n/a12
Jan ’27n/a
CHF 156.31
0%
22.07%CHF 202.24CHF 55.52n/a12
Dec ’26n/a
CHF 157.22
0%
21.41%CHF 205.23CHF 56.34n/a13
Nov ’26n/a
CHF 151.92
0%
23.83%CHF 205.19CHF 56.33n/a13
Oct ’26n/a
CHF 125.46
0%
27.69%CHF 203.24CHF 52.60n/a12
Sep ’26n/a
CHF 115.21
0%
21.96%CHF 167.23CHF 52.81n/a12
Aug ’26n/a
CHF 112.50
0%
18.75%CHF 139.28CHF 53.14n/a12
Jul ’26n/a
CHF 104.04
0%
19.58%CHF 137.08CHF 49.13CHF 128.8212
Jun ’26n/a
CHF 103.98
0%
18.96%CHF 131.28CHF 51.01n/a12
May ’26n/a
CHF 104.84
0%
18.96%CHF 132.38CHF 51.43n/a12
Apr ’26n/a
CHF 95.18
0%
18.83%CHF 123.74CHF 51.27n/a11
Mar ’26n/a
CHF 92.71
0%
16.91%CHF 115.17CHF 52.36n/a11
Feb ’26n/a
CHF 91.97
0%
17.01%CHF 115.52CHF 52.82n/a11
Jan ’26n/a
CHF 90.96
0%
17.19%CHF 114.98CHF 52.57n/a11
Dec ’25n/a
CHF 87.31
0%
18.39%CHF 112.58CHF 49.31n/a11
Nov ’25n/a
CHF 83.09
0%
17.24%CHF 111.31CHF 48.75n/a11
Oct ’25n/a
CHF 75.60
0%
15.38%CHF 85.47CHF 47.39n/a11
Sep ’25n/a
CHF 69.25
0%
16.49%CHF 86.00CHF 47.68n/a11
Aug ’25CHF 64.20
CHF 69.54
+8.32%
14.67%CHF 88.24CHF 48.92n/a12
Jul ’25CHF 64.20
CHF 68.35
+6.46%
13.20%CHF 77.36CHF 50.31n/a12
CHF 194.53
Fair Value
36.1% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 11:54
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Agnico Eagle Mines Limited is covered by 39 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Richard GrayATB Cormark
Farooq HamedBarclays