Company Overview

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. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the company's LaRonde mine had proven and probable mineral reserves of approximately 3.0 million ounces of gold. It is also involved in exploration activities in Europe, Latin America, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.

  • Name

    Agnico Eagle Mines Limited

  • CEO

    Ammar Al-Joundi

  • Website

    www.agnicoeagle.com

  • Sector

    Metals and Mining

  • Year Founded

    1953

Company Statistics

Profile

  • Market Cap

  • EV

  • Shares Out

  • Revenue

  • Employees

Margins

  • Gross

  • EBITDA

  • Operating

  • Pre-Tax

  • Net

  • FCF

Returns (5Yr Avg)

  • ROA

  • ROTA

  • ROE

  • ROCE

  • ROIC

Valuation (TTM)

  • P/E

  • P/B

  • EV/Sales

  • EV/EBITDA

  • P/FCF

  • EV/Gross Profit

Valuation (NTM)

  • Price Target

  • P/E

  • PEG

  • EV/Sales

  • EV/EBITDA

  • P/FCF

Financial Health

  • Cash

  • Net Debt

  • Debt/Equity

  • EBIT/Interest

Growth (CAGR)

  • Rev 3Yr

  • Rev 5Yr

  • Rev 10Yr

  • Dil EPS 3Yr

  • Dil EPS 5Yr

  • Dil EPS 10Yr

  • Rev Fwd 2Yr

  • EBITDA Fwd 2Yr

  • EPS Fwd 2Yr

  • EPS LT Growth Est

Dividends

  • Yield

  • Payout

  • DPS

  • DPS Growth 3Yr

  • DPS Growth 5Yr

  • DPS Growth 10Yr

  • DPS Growth Fwd 2Yr

Bulls Say

  • Agnico Eagle has around 15 years of reserves at end December 2024, with various opportunities to incrementally increase gold production in coming years.

  • For investors seeking gold miners with lower geopolitical risk, Agnico Eagle’s mines are in relatively stable and mining-friendly countries of Canada, Mexico, Finland, and Australia.

  • Gold stocks tend not to follow general economic cycles. They can also provide a hedge to inflation risk.

Bears Say

  • The company’s production sits within the second quartile of the gold cost curve, meaning it is more leveraged to changes in the gold price than its lower-cost competitors.

  • We think the company paid a full price for the remaining 50% of the Canadian Malartic mine and other assets acquired from Yamana Gold in 2023.

  • Gold is subject to the whims of investors’ sentiment, who can move as a herd and impact the gold price.

Source: Morningstar Analysis - Oct 30, 2025

What's happening

Nov 12, 2025 - Dec 12, 2025

Agnico Eagle Mines Faces Analyst Downgrades Amid Market Struggles

  • AEM's stock declined by 2.2% over the past month, underperforming against the S&P 500's gain of 0.7%.
  • Significant bearish sentiment arose from multiple analyst downgrades, particularly from RBC Capital Markets.
  • Leadership changes within AEM have raised concerns about operational strategies and investor confidence.

Over the past month, Agnico Eagle Mines Ltd (AEM) experienced a decline of 2.2%, which highlights its struggles in comparison to broader market performance. The S&P 500 gained 0.7% during this period, resulting in an underperformance of -2.9% for AEM relative to this index. The stock faced considerable bearish sentiment driven by several downgrades from analysts; notably, RBC Capital Markets lowered its rating to "Sector Perform" while slightly increasing its price target.

On December 10th, AEM saw a sharp drop of 3.6% following these downgrade announcements and commentary regarding its valuation compared to TRX Gold. Analysts indicated that for TRX Gold to return to previous highs seen in earlier years would require significant movement while assuming stability in AEM’s pricing—a scenario that appeared increasingly unlikely given current trends affecting both stocks.

Earlier discussions noted a cup and handle pattern associated with AEM but emphasized ongoing negative news flow surrounding leadership changes as detrimental to investor confidence despite potential technical undervaluation signals at current levels. Key personnel transitioned to Discovery Silver around mid-November, which could significantly impact operational strategies related to digital transformation and exploration efforts.

The prevailing bearish narrative included advice on profit-taking strategies during periods of strength—suggesting investors sell shares when prices peak rather than holding through downturns—which further contributed to negative sentiment around AEM’s stock performance throughout this timeframe.

Overall, while Agnico Eagle Mines Ltd (Ontario) outperformed the Materials (XLB) sector by 46.3%, it still struggled against broader market indices like the S&P 500 due to persistent headwinds impacting investor confidence and analyst outlooks on future growth prospects.

NYSE:AEM