| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 61 | 17.2x | 17.8x | Around median | |
Growth | 96 | 49.3% | 7.1% | Top tier | |
Quality | 87 | 21.2% | 4.5% | Top tier | |
Safety | 94 | — | 2.6x | Top tier | |
Capital Return | 44 | 0.80% | 2.12% | Around median | |
Momentum | 56 | 21.2% | 2.9% | Around median | |
Sentiment | 87 | 11 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Agnico Eagle Mines Limited is a gold producer that generates revenue primarily from mining, processing, and selling the metal through a portfolio of mines in Canada, Finland, Australia, and Mexico. Its operating assets and growth projects include Canadian Malartic, Detour Lake, Macassa, Meliadine, Kittila, Fosterville, and Pinos Altos, while it invests in Hope Bay, Upper Beaver, Ikkari, and San Nicolas to increase future production. Earnings and cash flows benefit directly from gold prices, while production volumes, ore grades, and energy and labor costs determine the efficiency of converting revenue into cash.
In Q2 of fiscal year 2026, revenue reached $3.8 billion, adjusted net income was approximately $1.5 billion, and adjusted earnings per share were $3.07, while adjusted EBITDA was nearly $2.7 billion and free cash flow exceeded $1.3 billion. The company produced 856 thousand ounces of gold, exceeding plan for the second consecutive quarter, with Detour Lake, Kittila, and Fosterville leading the operational outperformance. All-in sustaining costs also remained at approximately $1,460 per ounce, below the midpoint of the guidance range, despite oil trading above $100 per barrel during much of the period.
Fiscal year 2025 results show a clear expansion in profitability, with revenue rising to $11.9 billion from $8.3 billion in fiscal year 2024 and gross profit reaching $8.6 billion versus $5.2 billion. Net income reached $4.5 billion and earnings per share reached $8.86, compared with net income of $1.9 billion and earnings per share of $3.78 in fiscal year 2024; the gross profit-to-revenue ratio was approximately 72% in fiscal year 2025 versus approximately 63% in fiscal year 2024.
The analyst consensus is “Buy,” with an average price target of $218.83, a high of $285, and a low of $170; the average lies within the 52-week range of $134.38–$255.24 and is approximately 14% below its high. The large gap between the $170 and $285 targets reveals the valuation's sensitivity to gold prices, the loss of Barnat ounces, labor and energy costs, and the ability of the Hope Bay, Ikkari, and Detour projects to achieve their targets. No specific price-to-earnings ratio is available in the data, so the valuation assessment is based on the target range and financial record, including the increase in fiscal year 2025 net income to $4.5 billion and record free cash flow in Q2 of fiscal year 2026.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Gold production reached 856 thousand ounces, exceeding plan for the second consecutive quarter, with Detour Lake, Kittila, and Fosterville leading performance. The company recorded revenue of $3.8 billion, adjusted net income of approximately $1.5 billion, and adjusted EBITDA of approximately $2.7 billion. Free cash flow also exceeded $1.3 billion, while all-in sustaining costs remained near $1,460 per ounce and below the midpoint of the guidance range.
A movement occurred in the Barnat pit wall on July 1, 2026, and approximately one million tonnes of rock moved, but monitoring systems allowed personnel and equipment to be moved away. The company estimated the ounces no longer accessible at approximately 370 thousand ounces, allocated as 60 thousand in fiscal year 2026, 80 thousand in fiscal year 2027, and 230 thousand in fiscal year 2028. Management maintained fiscal year 2026 guidance of between 3.3 and 3.5 million ounces, with a result expected near the lower end and mining resuming in Q4 of fiscal year 2026 after constructing safety barriers and access roads.
The company generated approximately $3.5 billion in operating cash flow in the first half of fiscal year 2026 and returned nearly 48% of free cash flow through dividends and share repurchases. In Q2 of fiscal year 2026, shareholder returns totaled $625 million, including $400 million in repurchases. At the same time, it invested more than $800 million in capital expenditures and capitalized exploration and ended the period with $3.5 billion in cash and net cash of approximately $3.3 billion.
Automated analysis for informational purposes only — not investment advice.
Hope Bay received a decision to proceed with construction and targets annual production of between 400 and 450 thousand ounces, while its engineering work had surpassed 70% on July 30, 2026. The company is also working to increase Canadian Malartic and Detour toward one million ounces annually each, with Detour Underground potentially contributing approximately 20 to 30 thousand ounces in each of fiscal years 2028 and 2029. In Finland, the platform combines Kittila, Ikkari, and approximately 2,500 square kilometers with the goal of trending toward annual production of 500 thousand ounces, with the results of the Ikkari optimization expected by the end of 2027.
Management said on July 30, 2026 that optimization and productivity initiatives had offset approximately half of cost inflation during the previous three years, with underlying costs rising by approximately 3% to 4% on average versus inflation of approximately 7% after excluding the impact of royalties. In Ontario, internal labor cost increases were approximately 4% year over year, while labor and contractors account for between 40% and 50% of the cost structure. Management expects potential wage inflation of between 3% and 4% in fiscal year 2027 and identified diesel, which accounts for approximately 7% of costs, as the most significant cost pressure compared with fiscal year 2026.
The company completed 760 thousand meters of drilling during the first half of fiscal year 2026 using 126 rigs, within an annual target of 1.4 million meters. At Hope Bay, hole 478 returned 28.8 grams per tonne over a core length of 21 meters, while the Artemis zone at Canadian Malartic recorded approximately 13.7 grams per tonne over 14.6 meters. Detour Lake also recorded 2.5 grams per tonne over 62 meters, including 15.2 grams per tonne over 5.9 meters, supporting plans to expand resources near growth projects and existing infrastructure.
