AEM

MKT CAP:$100B

Agnico Eagle Mines Limited

Market Cap

$100B

Basic Materials·Gold·🇨🇦 Canada·NYSE

Materials·Gold·🇨🇦·NYSE

Stock Price

$199.79+$29.34 (+17.21%)

Apr 24, 2026

Company Details

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 an...

CEO

Ammar Al-Joundi

IPO Date

Jun 1, 1972

Website

www.agnicoeagle.com

Key Metrics TTM

Revenue

$11.2B

+55.6% YoY

Net Income

$4.0B

EPS (Diluted)

$7.87

Free Cash Flow

$3.7B

Revenue / Share

$22.32

Gross Margin

54.1%

Operating Margin

50.2%

Net Margin

35.2%

FCF Margin

32.9%

P/S

8.9x

P/E

25.3x

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

FY 2025

Mar 19, 2026

$11.9B+43.7%EPS $8.86

Q4 2025

Feb 12, 2026

$3.6BEPS $3.02

Q3 2025

Oct 29, 2025

$3.0B+39.2%EPS $2.10

Q1 2025

Apr 24, 2025

$2.5B+35.1%EPS $1.62

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 17	$581M	$150M	$122M
Q1 19	$530M	$101M	$72M
Q3 19	$681M	$195M	$167M
Q3 20	$978M	$363M	$337M
Q2 21	$958M	$321M	$290M
Q4 21	$948M	$250M	$215M
Q2 22	$1.6B	$963M	$834M
Q4 22	$1.4B	$378M	$313M
Q1 23	$1.5B	$553M	$440M
Q4 23	$1.8B	$557M	$463M
Q1 24	$1.8B	$635M	$574M
Q2 24	$2.1B	$871M	$809M
Q3 24	$2.2B	$929M	$860M
Q1 25	$2.5B	$1.2B	$1.2B
Q3 25	$3.0B	$1.7B	$1.6B
Q4 25	$3.6B	$2.2B	$2.0B

Valuation

Quarter	P/S	P/E
Q3 17	5.0x	57.6x
Q1 19	4.7x	52.9x
Q3 19	5.6x	51.5x
Q3 20	6.8x	46.4x
Q2 21	4.7x	28.4x
Q4 21	5.6x	33.9x
Q2 22	5.1x	28.4x
Q4 22	5.4x	33.5x
Q1 23	4.8x	10.8x
Q4 23	4.2x	13.6x
Q1 24	4.7x	15.5x
Q2 24	4.5x	14.5x
Q3 24	5.5x	43.6x
Q1 25	6.4x	24.7x
Q3 25	8.6x	28.9x
Q4 25	7.7x	21.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 17	$194M	-$63M
Q1 19	$149M	-$55M
Q3 19	$349M	$97M
Q3 20	$463M	$267M
Q2 21	$419M	$203M
Q4 21	$262M	$25M
Q2 22	$633M	$225M
Q4 22	$381M	-$20M
Q1 23	$650M	$265M
Q4 23	$728M	$302M
Q1 24	$780M	$390M
Q2 24	$961M	$554M
Q3 24	$1.1B	$616M
Q1 25	$1.0B	$590M
Q3 25	$1.8B	$1.2B
Q4 25	$2.1B	$1.3B

Capital Expenditures

Quarter	CapEx
Q3 17	$257M
Q1 19	$203M
Q3 19	$253M
Q3 20	$195M
Q2 21	$217M
Q4 21	$237M
Q2 22	$409M
Q4 22	$401M
Q1 23	$385M
Q4 23	$426M
Q1 24	$390M
Q2 24	$407M
Q3 24	$470M
Q1 25	$454M
Q3 25	$621M
Q4 25	$808M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 19	+8.0%	+2.1%
Q3 19	+26.7%	+8.6%
Q3 20	+96.9%	+36.3%
Q2 21	+64.8%	+45.3%
Q4 21	+79.1%	+60.2%
Q2 22	+132.1%	+45.4%
Q4 22	+41.8%	+67.5%
Q1 23	+57.6%	+60.1%
Q4 23	+90.4%	+83.1%
Q1 24	+15.2%	+66.9%
Q2 24	+49.7%	+18.0%
Q3 24	+43.9%	+22.8%
Q1 25	+36.3%	-2.8%
Q3 25	+66.1%	+12.3%
Q4 25	+71.7%	+24.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 17	$10M	1.6%
Q1 19	$14M	2.7%
Q3 19	$12M	1.8%
Q3 20	$12M	1.2%
Q2 21	$14M	1.4%
Q4 21	$13M	1.3%
Q2 22	$7M	0.4%
Q4 22	$6M	0.4%
Q1 23	$13M	0.9%
Q4 23	$31M	1.7%
Q1 24	$19M	1.0%
Q2 24	$19M	0.9%
Q3 24	$21M	1.0%
Q1 25	$27M	1.1%
Q3 25	$0	0.0%
Q4 25	$11M	0.3%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 17	—	—	$28M
Q1 19	—	—	$29M
Q3 19	—	—	$27M
Q3 20	—	—	$26M
Q2 21	—	—	$31M
Q4 21	—	—	$34M
Q2 22	—	—	$129M
Q4 22	—	—	$55M
Q1 23	—	—	$113M
Q4 23	$74M	$60M	—
Q1 24	$48M	—	—
Q2 24	$49M	—	—
Q3 24	$49M	$74M	—
Q1 25	$61M	—	—
Q3 25	—	—	$67M
Q4 25	$50M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.1B	$2M	$1.1B
Q2 22	$1.0B	$9M	$1.0B
Q3 22	$822M	$8M	$830M
Q4 22	$659M	$10M	$669M
Q1 23	$745M	$10M	$754M
Q2 23	$433M	$9M	$442M
Q3 23	$355M	$9M	$365M
Q4 23	$339M	$10M	$349M
Q1 24	$525M	$8M	$533M
Q2 24	$922M	$8M	$930M
Q3 24	$977M	$6M	$983M
Q4 24	$926M	$7M	$934M
Q1 25	$1.1B	$14M	$1.2B
Q2 25	$1.6B	$12M	$1.6B
Q3 25	$2.4B	$16M	$2.4B
Q4 25	$2.9B	$9M	$2.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 17	234M	+2.8%	—
Q1 19	236M	+1.0%	+6.4%
Q3 19	240M	+1.6%	+6.6%
Q3 20	244M	+1.6%	+7.2%
Q2 21	245M	+0.4%	+4.7%
Q4 21	245M	+0.2%	+3.9%
Q2 22	457M	+86.2%	+90.2%
Q4 22	456M	-0.1%	+87.2%
Q1 23	470M	+3.1%	+92.2%
Q4 23	497M	+5.7%	+102.6%
Q1 24	499M	+0.3%	+9.2%
Q2 24	500M	+0.3%	+9.6%
Q3 24	502M	+0.3%	+6.7%
Q1 25	502M	-0.0%	+1.0%
Q3 25	504M	+0.3%	+0.9%
Q4 25	503M	-0.2%	+0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 17	$101.6K	6K
Q1 19	$92.5K	6K
Q3 19	$119.0K	6K
Q3 20	$170.9K	6K
Q2 21	$167.4K	6K
Q4 21	$165.7K	6K
Q2 22	$276.3K	6K
Q4 22	$242.3K	6K
Q1 23	$263.8K	6K
Q4 23	$315.4K	6K
Q1 24	$318.3K	6K
Q2 24	$362.8K	6K
Q3 24	$379.7K	6K
Q1 25	$430.0K	6K
Q3 25	$528.7K	6K
Q4 25	$622.7K	6K

Revenue / Employee