Frontierby eninvs

Language: EN · RU

← Region

Agnico Eagle Mines (AEM) USD

At a glance: strengths & risks
✓Revenue growing (+44%)✓Profit growing (+135%)✓Margins improving (54%→71%)✓Net cash balance sheet

Sector: Gold mining

Geography: Canada, Mexico, Finland, Australia

COMM_AEM

Price chart

181.75 USDDay 0.70%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
181.75 USD · 0.70%
Market cap
91.2 bn USD

Growth

Δ revenue y/y
35.0%
Δ EBITDA y/y
43.4%

Multiples

P/E (LTM)
15.5x
3y avg: 19.6x
P/B (FY)
3.7x
P/E (ann.)
14.3x
EV/EBITDA (LTM)
8.6x
3y avg: 10.1x
EV/EBITDA (ann.)
8.1x

Cash return

Dividend yield
0.9%
FCF yield (LTM)
2.5%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-50.4%
↓ details

Liquidity

Daily turnover (listing)
349 mln USD

Shares: yahoo_fundamentals_timeseries/AEM

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30Q2 2026 (3M)OK3.8
y/y 35.0%
2.3
y/y 51.1%
0.4
y/y 12.3%
2.7
y/y 43.4%
1.6
y/y 49.8%
2.1-0.837.8
y/y 19.3%
28.6
y/y 26.9%
23.3%-3.3Link
2026-03-31Q1 2026 (3M)OK4.1
y/y 66.1%
2.6
y/y 120.5%
0.4
y/y 0.8%
3.0
y/y 88.9%
1.7
y/y 108.1%
1.3-0.635.2
y/y 14.9%
26.3
y/y 21.4%
26.6%-2.9Link
2025-12-31Q4 2025 (3M)OK3.6
y/y 60.3%
2.0
y/y 147.4%
0.4
y/y 8.6%
2.4
y/y 102.2%
1.5
y/y 199.1%
2.1-0.834.5
y/y 15.0%
24.7
y/y 18.8%
18.5%-2.6Link
2025-09-30Q3 2025 (3M)OK3.1
y/y 41.9%
1.6
y/y 87.7%
0.4
y/y 10.2%
2.1
y/y 63.8%
1.1
y/y 86.0%
1.8-0.632.7
y/y 9.6%
23.5
y/y 14.6%
6.1%-2.2Link
2025-06-30Q2 2025 (3M)OK2.8
y/y 35.6%
1.5
y/y 90.6%
0.4
y/y -0.4%
1.9
y/y 61.2%
1.1
y/y 126.4%
1.8-0.531.7
y/y 8.2%
22.5
y/y 12.7%
19.4%-1.0Link
2025-03-31Q1 2025 (3M)OK2.5
y/y 34.9%
1.2
y/y 117.7%
0.4
y/y 16.7%
1.6
y/y 77.1%
0.8
y/y 134.7%
1.0-0.530.6
y/y 6.2%
21.6
y/y 10.2%
15.3%0.0Link
2024-12-31Q4 2024 (3M)OK2.2
y/y 26.6%
0.8
y/y 390.7%
0.4
y/y 2.1%
1.2
y/y 119.2%
0.5
y/y 236.1%
1.1-0.630.0
y/y 4.5%
20.8
y/y 7.3%
9.2%0.3Link
2024-09-30Q3 2024 (3M)OK2.2
y/y 31.2%
0.9
y/y 178.2%
0.4
y/y -7.3%
1.3
y/y 72.0%
0.6
y/y 224.4%
1.1-0.529.8
y/y 2.0%
20.5
y/y 2.9%
3.7%0.1Link
2024-06-30Q2 2024 (3M)OK2.1
y/y 20.9%
0.8
y/y 50.4%
0.4
y/y -2.1%
1.2
y/y 28.2%
0.5
y/y 45.8%
1.0-0.429.3
y/y -0.1%
20.0
y/y 0.2%
9.5%0.2Link
2024-03-31Q1 2024 (3M)OK1.8
y/y —
0.5
y/y —
0.4
y/y —
0.9
y/y —
0.3
y/y —
0.8-0.428.8
y/y —
19.6
y/y —
7.1%1.2Link
2023-12-31Q4 2023 (3M)OK1.8
y/y —
0.2
y/y —
0.4
y/y —
0.5
y/y —
-0.4
y/y —
0.7-0.428.7
y/y —
19.4
y/y —
9.9%1.6Link
2023-09-30Q3 2023 (3M)OK1.6
y/y —
0.3
y/y —
0.4
y/y —
0.7
y/y —
0.2
y/y —
0.5-0.429.2
y/y —
19.9
y/y —
1.2%1.5Link
2023-06-30Q2 2023 (3M)OK1.7
y/y —
0.5
y/y —
0.4
y/y —
0.9
y/y —
0.3
y/y —
0.7-0.429.3
y/y —
20.0
y/y —
—1.5Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Long-term debt (incl. LT leases)197
− Cash & equivalents3 464
Net debt-3 267

Net debt / LTM EBITDA: -0.3x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01 0002 0003 0004 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%50%100%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

05001 0001 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-4 000-3 000-2 000-1 00001 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 2.09x of reported net profit; after capex, 0.85x.
year20212022202320242025
cash flow / profit2.39x3.13x1.34x2.09x1.53x
accruals, % of assets-7.7%-6.1%-2.3%-6.9%-6.8%
Last twelve months (to 2025-Q3): 1.26x of profit came back as operating cash flow.
net debt / EBITDA -0.3x · capex 1.4x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Gold

Proved reserves
55.44 mln ounces
2025
Reserve life (R/P)
15.8 yrs
reserves ÷ annual output
Annual production
3.51 mln ounces
2025

Production, mln ounces

1.9820202.7120213.3120223.4820233.5220243.512025

Proved reserves

YearReserves, mln ounces
202555.44
202455.44
202248.70
202125.72
202024.08

Production

YearProduction, mln ouncesper day, mln ounces
20260.83 * (3M)
−5.0%		0.01
20253.51
−0.3%		0.01
20243.52
+1.3%		0.01
20233.48
+5.0%		0.01
20223.31
+22.2%		0.01
20212.71
+36.8%		0.01
20201.980.01
20190.97 * (6M)0.01

* partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — Gold

Current 4 370spot vs LTM +3%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -50.4% ▼ -0.2 pp 1d

Main driver: Gold +3% vs LTM; revenue ×1.03 vs costs ×1.04; EBITDA 10 486→8 792; at 4.8× EV/EBITDA → -50%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Gold (rev)+97%4 370.224 242.243 229.19+3%-24%
Silver (rev)+3%64.6962.3042.21+4%-32%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue14 526
LTM EBITDA10 486
LTM cash costs (revenue − EBITDA)4 040
2 · Revenue projection
Revenue multiplier — spot×1.030 (+3%)
= Spot revenue14 968
Revenue multiplier — 3y price×0.759 (-24%)
= 3-year-price revenue11 020
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs4 202
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs4 202
4 · EBITDA projection (revenue − costs)
= Spot EBITDA10 766
= 3-year-price EBITDA6 818
Conservative EBITDA = min(spot, avg)8 792
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)4.8x
Target EV = EV/EBITDA × conservative EBITDA41 850
Net debt-2 915
Target market cap = EV − net debt45 289
Current market cap91 237

Upside = target market cap ÷ current − 1 = -50.4%

Life of mine: 67 yrs

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2024 Q22 0772 039+1.8%1 1711 040+12.6%
2024 Q32 1562 177-1.0%1 2661 152+9.9%
2024 Q42 2242 343-5.1%1 1591 323-12.4%
2025 Q12 4682 469-0.0%1 6341 495+9.3%
2025 Q22 8162 825-0.3%2 0211 878+7.6%
2025 Q33 0602 964+3.2%2 0302 046-0.8%
2025 Q43 5643 598-0.9%2 6982 644+2.1%
2026 Q14 1004 250-3.5%2 9963 346-10.5%
2026 Q23 8033 911-2.8%2 7622 939-6.0%

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +44% vs +25% the year before — a +18.7 pp move. 3-year CAGR +28%.
revenue growth by year: 2023 +15% · 2024 +25% · 2025 +44%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 3.4x · target 75th pct (3y) 4.8x · LTM avg 5.7x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-06-010.45 USDEx-dividend: 0.45 USD per sharePaidYahoo Finance (ex-div)
2026-03-020.45 USDEx-dividend: 0.45 USD per sharePaidYahoo Finance (ex-div)
2025-12-010.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2025-09-020.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2025-05-300.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2025-02-280.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-11-290.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-08-300.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-05-310.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-02-290.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2023-11-300.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2023-08-310.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2023-05-310.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2023-02-280.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2022-11-300.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2022-08-310.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2022-05-310.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2022-03-040.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2021-11-300.35 USDEx-dividend: 0.35 USD per sharePaidYahoo Finance (ex-div)
2021-08-310.35 USDEx-dividend: 0.35 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Agnico Eagle Mines (AEM) — from primary filings.

Agnico Eagle Mines Limited is a gold mining company that explores, develops, and produces precious metals, including gold, silver, copper, and zinc. Its operations span mines in Canada, Australia, Finland, and Mexico, with additional exploration activities in several other regions.

Frequently asked questions

What is Agnico Eagle Mines (AEM)'s P/E ratio?
Agnico Eagle Mines (AEM) trades at a P/E of 15.5x (price to trailing 12-month earnings).
What is Agnico Eagle Mines (AEM)'s EV/EBITDA?
Agnico Eagle Mines (AEM) trades at 8.6x EV/EBITDA.
What is Agnico Eagle Mines (AEM)'s P/B ratio?
Agnico Eagle Mines (AEM) trades at a P/B of 3.7x.
What is Agnico Eagle Mines (AEM)'s dividend yield?
Agnico Eagle Mines (AEM)'s trailing 12-month dividend yield is 0.9%.
What is Agnico Eagle Mines (AEM)'s return on equity (ROE)?
Agnico Eagle Mines (AEM)'s ROE is 23.3%.
What is Agnico Eagle Mines (AEM)'s market capitalization?
Agnico Eagle Mines (AEM)'s market cap is 91.2 bn USD.

See also: Gold Mining Stocks: The Cheapest Gold Miners by Valuation (2026) · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map