AEM vs GFI: Agnico Eagle Mines Limited and Gold Fields Ltd ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Agnico Eagle Mines Limited is the larger company, worth $87.0B, about 3.0 times Gold Fields Ltd ADR.
- Agnico Eagle Mines Limited grew revenue faster over the last year (+43.7% vs +15.6%).
- On earnings, Agnico Eagle Mines Limited is the cheaper stock (21.3x vs 26.7x).
- Gold Fields Ltd ADR's price assumes faster free cash flow growth: about 21% a year, against 5% for Agnico Eagle Mines Limited (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AEM | GFI |
|---|---|---|
| Market cap | $87.0B | $28.8B |
| Share price | $189.02 | $36.82 |
| Revenue (last fiscal year) | $11.9B | $5.2B |
| Free cash flow (last fiscal year) | $4.4B | $424M |
| Revenue growth, last year | +43.7% | +15.6% |
| Revenue growth per year, last 5 fiscal years | +32.4% | +7.5% |
| Operating margin | — | — |
| Net margin | 37.5% | 23.9% |
| Return on equity | 104.0% | 23.9% |
| P/E (trailing) | 21.3x | 26.7x |
| Price / free cash flow | 20.4x | 9.23x |
| EV / EBITDA | 9.65x | 12.8x |
| FCF growth the price implies | 4.8% | 21.1% |
| Dividend yield | 0.89% | 7.2% |
| Debt / equity | 0.56x | 0.92x |
| Fundamental grade | A | B |
| Superinvestors holding it | 7 | 4 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Agnico Eagle Mines Limited
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.9B | $448M | 50.2% |
| 2022 | $5.7B | $558M | 48.3% |
| 2023 | $6.6B | $947M | — |
| 2024 | $8.3B | $2.1B | — |
| 2025 | $11.9B | $4.4B | — |
Gold Fields Ltd ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $3.9B | $528M | — |
| 2021 | $4.2B | $142M | — |
| 2022 | $4.3B | $310M | — |
| 2023 | $4.5B | $138M | — |
| 2024 | $5.2B | $424M | — |
Where the revenue comes from
Agnico Eagle Mines Limited · by segments, 2025
Detour Lake$2.4B20%
Canadian Malartic$2.1B17%
Meadowbank$1.7B14%
Meliadine$1.3B11%
LaRonde mine$1.3B11%
Macassa$1.0B9%
Gold Fields Ltd ADR · by products, 2025
Gold$8.4B96%
Copper$228M3%
Silver$117M1%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open AEM in InvestinglyQuestions
Which is bigger, Agnico Eagle Mines Limited or Gold Fields Ltd ADR?
Agnico Eagle Mines Limited (AEM), at $87.0B against $28.8B.
Is AEM or GFI cheaper?
By trailing P/E, Agnico Eagle Mines Limited (21.3x) is cheaper than Gold Fields Ltd ADR (26.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, AEM or GFI?
Agnico Eagle Mines Limited: revenue grew +43.7% over the last year, against +15.6%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.