Agnico Eagle Mines Limited (AEM)

Basic Materials · Gold
$180.88 -2.77% on the day Market cap $83.2B 52-week range $134.38 to $255.24 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Free cash flow growth the price needs
4% a year for 10 years

At a market value of $83.2B, Agnico Eagle Mines Limited's free cash flow of $4.4B (fiscal 2025) would need to grow about 4% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.

Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Agnico Eagle Mines Limited's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.

Implied by the price4.3% a year
Free cash flow, last 9 years36.8% a year
Revenue, same period21.0% a year
Price to free cash flow18.9x

Fundamental grade

A

Five factors scored 1 to 9 from AEM's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability9
Growth9
Financial health6
Cash efficiency9

Key numbers

P/E (trailing)20.4x
P/E (forward)13.1x
Price / free cash flow19.5x
EV / EBITDA9.65x
Price / sales6.99x
Price / book3.39x
Revenue growth+43.7%
Operating margin—
Net margin37.5%
Return on equity104.0%
Dividend yield0.93%
Debt / equity0.56x

Results from SEC filings

Fiscal years, from Agnico Eagle Mines Limited's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$3.9B$5.7B$6.6B$8.3B$11.9B
Net income$562M$670M$1.9B$1.9B$4.5B
Free cash flow$448M$558M$947M$2.1B$4.4B
EPS (diluted)$2.30$1.53$3.95$3.78$8.86
Operating margin50.2%48.3%———

Where the revenue comes from

Revenue by segments, fiscal 2025.

Detour Lake$2.4B20%
Canadian Malartic$2.1B17%
Meadowbank$1.7B14%
Meliadine$1.3B11%
LaRonde mine$1.3B11%
Macassa$1.0B9%

Superinvestors who own AEM

From each investor's latest 13F filing (what a 13F shows). 7 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Jean-Marie Eveillard
First Eagle Investment Management
Trimmed $806M1.3%Q2 2026
Cliff Asness
AQR Capital Management
Added $167M0.06%Q2 2026
Hersh Cohen
ClearBridge Investments
Trimmed $120M0.10%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $7M0.02%Q2 2026
Mario Gabelli
GAMCO Investors
Added $7M0.06%Q2 2026
Ron Baron
Baron Capital (BAMCO)
Trimmed $2M0.00%Q2 2026
Robert Robotti
Robotti & Company
Added $698,0850.11%Q2 2026

Insider buying

Open-market purchases by Agnico Eagle Mines Limited's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of AEM in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

What growth does Agnico Eagle Mines Limited's stock price imply?

At a market value of $83.2B, Agnico Eagle Mines Limited would need its free cash flow to grow about 4% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 37% a year.

Are Agnico Eagle Mines Limited insiders buying the stock?

No open-market insider purchases of AEM in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Agnico Eagle Mines Limited?

7 of the superinvestors Investingly tracks hold AEM in their latest 13F, including Jean-Marie Eveillard, Cliff Asness, Hersh Cohen.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.