AEM Stock Overview
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland.
Agnico Eagle Mines Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$50.07|
|52 Week High||US$67.14|
|52 Week Low||US$45.42|
|1 Month Change||-7.38%|
|3 Month Change||-17.44%|
|1 Year Change||-17.97%|
|3 Year Change||-0.30%|
|5 Year Change||13.67%|
|Change since IPO||506.91%|
Recent News & Updates
Agnico Eagle Mines (NYSE:AEM) Has Some Way To Go To Become A Multi-Bagger
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Agnico Eagle: A Smooth Transition
Revenues were $1,325.69 million, up 39.6% compared to the same quarter a year ago and up 39.7% quarter over quarter. Agnico Eagle had gold production this quarter. Production was 660,604 Au Oz from 541,663 Au ounces the preceding quarter. I recommend buying AEM at or below $51 with possible lower support at $47.25.
Estimating The Intrinsic Value Of Agnico Eagle Mines Limited (NYSE:AEM)
Today we will run through one way of estimating the intrinsic value of Agnico Eagle Mines Limited ( NYSE:AEM ) by...
Agnico Eagle Mines: Post-Earnings Swoon Is A Gift
Agnico Eagle Mines released its Q1 results last month, reporting quarterly production of ~660,600 ounces of gold, or ~806,300 ounces when adjusting for the date of the merger closing. This translated to significant growth from pre-merger levels, and the company is set up for a strong second half due to back-end weighted production. While the improved unit costs due to synergies and improved labor position are good news short term, it's the long-term potential that makes Agnico stand head and shoulders above its peers. Given the rare mix of growth and value here, with Agnico able to grow production ~30% by 2030 and trading at barely 1.0x P/NAV, I see this post-earnings swoon as a gift.
|AEM||US Metals and Mining||US Market|
Return vs Industry: AEM underperformed the US Metals and Mining industry which returned -9% over the past year.
Return vs Market: AEM matched the US Market which returned -18.4% over the past year.
|AEM Average Weekly Movement||6.0%|
|Metals and Mining Industry Average Movement||9.9%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: AEM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: AEM's weekly volatility (6%) has been stable over the past year.
About the Company
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits.
Agnico Eagle Mines Fundamentals Summary
|AEM fundamental statistics|
Is AEM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AEM income statement (TTM)|
|Cost of Revenue||US$1.86b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 27, 2022
|Earnings per share (EPS)||1.12|
|Net Profit Margin||12.08%|
How did AEM perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is AEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AEM?
Other financial metrics that can be useful for relative valuation.
|What is AEM's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AEM's PE Ratio compare to its peers?
|AEM PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
RGLD Royal Gold
BVN Compañía de Minas BuenaventuraA
AEM Agnico Eagle Mines
Price-To-Earnings vs Peers: AEM is expensive based on its Price-To-Earnings Ratio (44.9x) compared to the peer average (22.9x).
Price to Earnings Ratio vs Industry
How does AEM's PE Ratio compare vs other companies in the US Metals and Mining Industry?
Price-To-Earnings vs Industry: AEM is expensive based on its Price-To-Earnings Ratio (44.9x) compared to the US Metals and Mining industry average (8.1x)
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.
|Current PE Ratio||44.9x|
|Fair PE Ratio||13.8x|
Price-To-Earnings vs Fair Ratio: AEM is expensive based on its Price-To-Earnings Ratio (44.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).
Share Price vs Fair 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.
Below Fair Value: AEM ($50.07) is trading above our estimate of fair value ($33.01)
Significantly Below Fair Value: AEM is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: AEM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is Agnico Eagle Mines forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-6.2% per year).
Earnings vs Market: AEM's earnings are forecast to decline over the next 3 years (-6.2% per year).
High Growth Earnings: AEM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AEM's revenue (1% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: AEM's revenue (1% 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 (5.3%).
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How has Agnico Eagle Mines performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AEM has a large one-off loss of $260.3M impacting its March 31 2022 financial results.
Growing Profit Margin: AEM's current net profit margins (12.1%) are lower than last year (19.7%).
Past Earnings Growth Analysis
Earnings Trend: AEM's earnings have grown significantly by 31.2% per year over the past 5 years.
Accelerating Growth: AEM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AEM had negative earnings growth (-24.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (94.3%).
Return on Equity
High ROE: AEM's Return on Equity (3.1%) is considered low.
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How is Agnico Eagle Mines's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AEM's short term assets ($2.6B) exceed its short term liabilities ($985.3M).
Long Term Liabilities: AEM's short term assets ($2.6B) do not cover its long term liabilities ($6.1B).
Debt to Equity History and Analysis
Debt Level: AEM's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: AEM's debt to equity ratio has reduced from 25.1% to 9.6% over the past 5 years.
Debt Coverage: AEM's debt is well covered by operating cash flow (93%).
Interest Coverage: AEM's interest payments on its debt are well covered by EBIT (15.6x coverage).
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What is Agnico Eagle Mines's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AEM's dividend (3.2%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: AEM's dividend (3.2%) is low compared to the top 25% of dividend payers in the US market (4.23%).
Stability and Growth of Payments
Stable Dividend: AEM's dividend payments have been volatile in the past 10 years.
Growing Dividend: AEM's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (79.7%), AEM's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (149.2%), AEM's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ammar Al-Joundi (57 yo)
Mr. Ammar Al-Joundi, MBA is Independent Director at Canadian Imperial Bank of Commerce from April 07, 2022. He had been the President of Agnico Eagle Mines Limited since April 6, 2015 and served as its Sen...
CEO Compensation Analysis
Compensation vs Market: Ammar's total compensation ($USD6.68M) is below average for companies of similar size in the US market ($USD13.43M).
Compensation vs Earnings: Ammar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: AEM's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Experienced Board: AEM's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AEM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 87.2%.
Agnico Eagle Mines Limited's employee growth, exchange listings and data sources
- Name: Agnico Eagle Mines Limited
- Ticker: AEM
- Exchange: NYSE
- Founded: 1953
- Industry: Gold
- Sector: Materials
- Implied Market Cap: US$22.783b
- Shares outstanding: 455.01m
- Website: https://www.agnicoeagle.com
Number of Employees
- Agnico Eagle Mines Limited
- 145 King Street East
- Suite 400
- M5C 2Y7
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 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.