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Also traded in: Canada, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.20
AEM's Cash to Debt is ranked lower than
78% of the 1175 Companies
in the Global Gold industry.

( Industry Median: 2.09 vs. AEM: 0.20 )
Ranked among companies with meaningful Cash to Debt only.
AEM' s Cash to Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.46 Max: No Debt
Current: 0.2
Equity to Asset 0.61
AEM's Equity to Asset is ranked higher than
55% of the 700 Companies
in the Global Gold industry.

( Industry Median: 0.59 vs. AEM: 0.61 )
Ranked among companies with meaningful Equity to Asset only.
AEM' s Equity to Asset Range Over the Past 10 Years
Min: 0.37  Med: 0.65 Max: 0.87
Current: 0.61
0.37
0.87
Interest Coverage 2.19
AEM's Interest Coverage is ranked lower than
90% of the 638 Companies
in the Global Gold industry.

( Industry Median: 10000.00 vs. AEM: 2.19 )
Ranked among companies with meaningful Interest Coverage only.
AEM' s Interest Coverage Range Over the Past 10 Years
Min: 3.65  Med: 8.69 Max: 88.69
Current: 2.19
3.65
88.69
F-Score: 6
Z-Score: 1.76
M-Score: -3.43
WACC vs ROIC
13.49%
0.85%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 8.37
AEM's Operating margin (%) is ranked higher than
69% of the 727 Companies
in the Global Gold industry.

( Industry Median: 0.82 vs. AEM: 8.37 )
Ranked among companies with meaningful Operating margin (%) only.
AEM' s Operating margin (%) Range Over the Past 10 Years
Min: -3.15  Med: 25.95 Max: 52.91
Current: 8.37
-3.15
52.91
Net-margin (%) 2.63
AEM's Net-margin (%) is ranked higher than
63% of the 728 Companies
in the Global Gold industry.

( Industry Median: 0.05 vs. AEM: 2.63 )
Ranked among companies with meaningful Net-margin (%) only.
AEM' s Net-margin (%) Range Over the Past 10 Years
Min: -41.91  Med: 15.62 Max: 33.17
Current: 2.63
-41.91
33.17
ROE (%) 1.01
AEM's ROE (%) is ranked higher than
69% of the 1100 Companies
in the Global Gold industry.

( Industry Median: -7.10 vs. AEM: 1.01 )
Ranked among companies with meaningful ROE (%) only.
AEM' s ROE (%) Range Over the Past 10 Years
Min: -23.32  Med: 4.97 Max: 16.87
Current: 1.01
-23.32
16.87
ROA (%) 0.61
AEM's ROA (%) is ranked higher than
71% of the 1191 Companies
in the Global Gold industry.

( Industry Median: -5.94 vs. AEM: 0.61 )
Ranked among companies with meaningful ROA (%) only.
AEM' s ROA (%) Range Over the Past 10 Years
Min: -14.5  Med: 3.45 Max: 12.88
Current: 0.61
-14.5
12.88
ROC (Joel Greenblatt) (%) 2.24
AEM's ROC (Joel Greenblatt) (%) is ranked higher than
67% of the 1152 Companies
in the Global Gold industry.

( Industry Median: -7.07 vs. AEM: 2.24 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
AEM' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -18.59  Med: 6.16 Max: 31.05
Current: 2.24
-18.59
31.05
Revenue Growth (3Y)(%) 0.40
AEM's Revenue Growth (3Y)(%) is ranked higher than
57% of the 560 Companies
in the Global Gold industry.

( Industry Median: -1.90 vs. AEM: 0.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
AEM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -35.8  Med: 7.65 Max: 53.3
Current: 0.4
-35.8
53.3
» AEM's 10-Y Financials

Financials (Next Earnings Date: 2016-02-10)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2015

AEM Guru Trades in Q1 2015

Paul Tudor Jones 15,032 sh (New)
Mario Gabelli 74,545 sh (+19.95%)
First Eagle Investment 17,909,273 sh (+0.67%)
John Paulson 1,320,600 sh (unchged)
Chuck Royce 865,500 sh (-4.31%)
Arnold Van Den Berg 646,538 sh (-10.17%)
Ray Dalio 285,491 sh (-10.45%)
John Hussman 225,000 sh (-43.75%)
Steven Cohen 91,600 sh (-49.42%)
Jim Simons 499,958 sh (-60.45%)
» More
Q2 2015

AEM Guru Trades in Q2 2015

Steven Cohen 177,800 sh (+94.10%)
Ray Dalio 292,591 sh (+2.49%)
Mario Gabelli 74,545 sh (unchged)
John Paulson 1,320,600 sh (unchged)
Paul Tudor Jones Sold Out
First Eagle Investment 16,626,898 sh (-7.16%)
Chuck Royce 762,300 sh (-11.92%)
Arnold Van Den Berg 555,048 sh (-14.15%)
John Hussman 125,000 sh (-44.44%)
Jim Simons 242,836 sh (-51.43%)
» More
Q3 2015

AEM Guru Trades in Q3 2015

John Hussman 375,000 sh (+200.00%)
Jim Simons 593,736 sh (+144.50%)
Mario Gabelli 74,545 sh (unchged)
John Paulson 1,320,600 sh (unchged)
First Eagle Investment 16,535,908 sh (-0.55%)
Arnold Van Den Berg 524,615 sh (-5.48%)
Ray Dalio 263,591 sh (-9.91%)
Steven Cohen 104,000 sh (-41.51%)
Chuck Royce 157,000 sh (-79.40%)
» More
Q4 2015

AEM Guru Trades in Q4 2015

First Eagle Investment 16,218,313 sh (-1.92%)
Arnold Van Den Berg 502,635 sh (-4.19%)
Mario Gabelli 69,845 sh (-6.30%)
John Hussman 325,000 sh (-13.33%)
» More
» Details

Insider Trades

Latest Guru Trades with AEM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

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Guru Investment Theses on Agnico Eagle Mines Ltd

Arnold Van Den Berg's Century Management on Agnico-Eagle Mines Limited - Mar 14, 2014

Agnico-Eagle Mines is a gold mining company with mining operations in Canada, Mexico and Finland, as well as exploration activities in Canada, Europe, Latin America and the United States. Chart 11 shows the price history of Agnico-Eagle. You can see at the bottom of 2008, around the time when gold hit a low of $712.50 per ounce, the price of Agnico-Eagle dropped to a low of $21.70 per share. However, in December 2013, Agnico-Eagle traded as low as $25.13 per share while gold traded at roughly $1,200 per ounce. In other words, even though gold is roughly 68% higher in December 2013 than it was at the bottom of 2008, Agnico-Eagle’s share price is just 19.5% higher at the end of January 2014, which leads us to believe the stock is significantly undervalued relative to gold.





Chart 12 highlights that when gold traded at $712.50 per ounce in 2008, Agnico-Eagle’s stock price traded at 1.4 times book value. Now, at the end of January 2014, with gold trading at $1,251 per ounce, Agnico-Eagle’s price-to-book is actually lower at 1.2 times. Again, we believe this illustrates an undervalued share price relative to gold.





Chart 13 shows that while gold closed at $1,251 per ounce at the end of January 2014, Agnico-Eagle’s share price sold at 2.3 times sales. This is lower than when gold traded at $712.50 per ounce. Again, we believe this ratio highlights that its share price is undervalued relative to gold.





From Century Management's Newsletter - Inflation, Gold, and Gold Mining Companies



Check out latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 376.00
AEM's P/E(ttm) is ranked lower than
98% of the 367 Companies
in the Global Gold industry.

( Industry Median: 16.60 vs. AEM: 376.00 )
Ranked among companies with meaningful P/E(ttm) only.
AEM' s P/E(ttm) Range Over the Past 10 Years
Min: 19.4  Med: 50.18 Max: 86501.96
Current: 376
19.4
86501.96
Forward P/E 62.11
AEM's Forward P/E is ranked lower than
86% of the 300 Companies
in the Global Gold industry.

( Industry Median: 13.72 vs. AEM: 62.11 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 376.00
AEM's PE(NRI) is ranked lower than
98% of the 362 Companies
in the Global Gold industry.

( Industry Median: 16.40 vs. AEM: 376.00 )
Ranked among companies with meaningful PE(NRI) only.
AEM' s PE(NRI) Range Over the Past 10 Years
Min: 19.4  Med: 49.42 Max: 1147.08
Current: 376
19.4
1147.08
P/B 1.84
AEM's P/B is ranked lower than
67% of the 1068 Companies
in the Global Gold industry.

( Industry Median: 1.11 vs. AEM: 1.84 )
Ranked among companies with meaningful P/B only.
AEM' s P/B Range Over the Past 10 Years
Min: 1.16  Med: 2.75 Max: 5.32
Current: 1.84
1.16
5.32
P/S 5.27
AEM's P/S is ranked lower than
86% of the 631 Companies
in the Global Gold industry.

( Industry Median: 1.04 vs. AEM: 5.27 )
Ranked among companies with meaningful P/S only.
AEM' s P/S Range Over the Past 10 Years
Min: 2.59  Med: 8.87 Max: 33.33
Current: 5.27
2.59
33.33
PFCF 44.33
AEM's PFCF is ranked lower than
86% of the 242 Companies
in the Global Gold industry.

( Industry Median: 10.55 vs. AEM: 44.33 )
Ranked among companies with meaningful PFCF only.
AEM' s PFCF Range Over the Past 10 Years
Min: 22.02  Med: 61.54 Max: 1920.5
Current: 44.33
22.02
1920.5
POCF 12.65
AEM's POCF is ranked lower than
71% of the 440 Companies
in the Global Gold industry.

( Industry Median: 6.00 vs. AEM: 12.65 )
Ranked among companies with meaningful POCF only.
AEM' s POCF Range Over the Past 10 Years
Min: 6.85  Med: 17.64 Max: 631.58
Current: 12.65
6.85
631.58
EV-to-EBIT 75.12
AEM's EV-to-EBIT is ranked lower than
91% of the 440 Companies
in the Global Gold industry.

( Industry Median: 12.78 vs. AEM: 75.12 )
Ranked among companies with meaningful EV-to-EBIT only.
AEM' s EV-to-EBIT Range Over the Past 10 Years
Min: -20.8  Med: 35.90 Max: 216.9
Current: 75.12
-20.8
216.9
EV-to-EBITDA 15.69
AEM's EV-to-EBITDA is ranked lower than
68% of the 495 Companies
in the Global Gold industry.

( Industry Median: 8.81 vs. AEM: 15.69 )
Ranked among companies with meaningful EV-to-EBITDA only.
AEM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -48.6  Med: 20.30 Max: 108.1
Current: 15.69
-48.6
108.1
Shiller P/E 353.16
AEM's Shiller P/E is ranked lower than
98% of the 166 Companies
in the Global Gold industry.

( Industry Median: 14.78 vs. AEM: 353.16 )
Ranked among companies with meaningful Shiller P/E only.
AEM' s Shiller P/E Range Over the Past 10 Years
Min: 37.85  Med: 135.61 Max: 358.08
Current: 353.16
37.85
358.08
Current Ratio 2.96
AEM's Current Ratio is ranked higher than
63% of the 1167 Companies
in the Global Gold industry.

( Industry Median: 1.87 vs. AEM: 2.96 )
Ranked among companies with meaningful Current Ratio only.
AEM' s Current Ratio Range Over the Past 10 Years
Min: 1.79  Med: 3.99 Max: 12.47
Current: 2.96
1.79
12.47
Quick Ratio 1.49
AEM's Quick Ratio is ranked higher than
53% of the 1167 Companies
in the Global Gold industry.

( Industry Median: 1.37 vs. AEM: 1.49 )
Ranked among companies with meaningful Quick Ratio only.
AEM' s Quick Ratio Range Over the Past 10 Years
Min: 0.76  Med: 3.25 Max: 12.06
Current: 1.49
0.76
12.06
Days Inventory 206.96
AEM's Days Inventory is ranked lower than
88% of the 609 Companies
in the Global Gold industry.

( Industry Median: 79.12 vs. AEM: 206.96 )
Ranked among companies with meaningful Days Inventory only.
AEM' s Days Inventory Range Over the Past 10 Years
Min: 47.33  Med: 115.91 Max: 152.27
Current: 206.96
47.33
152.27
Days Sales Outstanding 1.49
AEM's Days Sales Outstanding is ranked higher than
93% of the 578 Companies
in the Global Gold industry.

( Industry Median: 34.18 vs. AEM: 1.49 )
Ranked among companies with meaningful Days Sales Outstanding only.
AEM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 11.44  Med: 15.21 Max: 63.38
Current: 1.49
11.44
63.38

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.95
AEM's Dividend Yield is ranked lower than
82% of the 797 Companies
in the Global Gold industry.

( Industry Median: 0.46 vs. AEM: 0.95 )
Ranked among companies with meaningful Dividend Yield only.
AEM' s Dividend Yield Range Over the Past 10 Years
Min: 0.07  Med: 0.36 Max: 3.46
Current: 0.95
0.07
3.46
Dividend Payout 3.67
AEM's Dividend Payout is ranked lower than
93% of the 304 Companies
in the Global Gold industry.

( Industry Median: 0.53 vs. AEM: 3.67 )
Ranked among companies with meaningful Dividend Payout only.
AEM' s Dividend Payout Range Over the Past 10 Years
Min: 0.09  Med: 0.60 Max: 8
Current: 3.67
0.09
8
Dividend Growth (3y) -17.40
AEM's Dividend Growth (3y) is ranked higher than
53% of the 235 Companies
in the Global Gold industry.

( Industry Median: -20.60 vs. AEM: -17.40 )
Ranked among companies with meaningful Dividend Growth (3y) only.
AEM' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 7.00 Max: 85.4
Current: -17.4
0
85.4
Forward Dividend Yield 0.95
AEM's Forward Dividend Yield is ranked lower than
81% of the 632 Companies
in the Global Gold industry.

( Industry Median: 3.17 vs. AEM: 0.95 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.21
AEM's Yield on cost (5-Year) is ranked lower than
51% of the 813 Companies
in the Global Gold industry.

( Industry Median: 3.28 vs. AEM: 3.21 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
AEM' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.23  Med: 1.20 Max: 11.57
Current: 3.21
0.23
11.57
3-Year Average Share Buyback Ratio -5.00
AEM's 3-Year Average Share Buyback Ratio is ranked higher than
61% of the 841 Companies
in the Global Gold industry.

( Industry Median: -7.90 vs. AEM: -5.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
AEM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -21.1  Med: -8.85 Max: -1.4
Current: -5
-21.1
-1.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.21
AEM's Price/Tangible Book is ranked lower than
68% of the 1039 Companies
in the Global Gold industry.

( Industry Median: 1.19 vs. AEM: 2.21 )
Ranked among companies with meaningful Price/Tangible Book only.
AEM' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.42  Med: 2.70 Max: 5.16
Current: 2.21
1.42
5.16
Price/Projected FCF 1.91
AEM's Price/Projected FCF is ranked lower than
64% of the 318 Companies
in the Global Gold industry.

( Industry Median: 1.09 vs. AEM: 1.91 )
Ranked among companies with meaningful Price/Projected FCF only.
AEM' s Price/Projected FCF Range Over the Past 10 Years
Min: 1.39  Med: 6.87 Max: 191.83
Current: 1.91
1.39
191.83
Price/Median PS Value 0.62
AEM's Price/Median PS Value is ranked higher than
57% of the 555 Companies
in the Global Gold industry.

( Industry Median: 0.74 vs. AEM: 0.62 )
Ranked among companies with meaningful Price/Median PS Value only.
AEM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.01  Med: 1.06 Max: 4.1
Current: 0.62
0.01
4.1
Price/Graham Number 6.07
AEM's Price/Graham Number is ranked lower than
94% of the 430 Companies
in the Global Gold industry.

( Industry Median: 0.96 vs. AEM: 6.07 )
Ranked among companies with meaningful Price/Graham Number only.
AEM' s Price/Graham Number Range Over the Past 10 Years
Min: 1.35  Med: 2.63 Max: 9.81
Current: 6.07
1.35
9.81
Earnings Yield (Greenblatt) (%) 1.30
AEM's Earnings Yield (Greenblatt) (%) is ranked higher than
66% of the 1166 Companies
in the Global Gold industry.

( Industry Median: -4.00 vs. AEM: 1.30 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
AEM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.5  Med: 2.50 Max: 7.9
Current: 1.3
0.5
7.9
Forward Rate of Return (Yacktman) (%) 3.34
AEM's Forward Rate of Return (Yacktman) (%) is ranked higher than
57% of the 288 Companies
in the Global Gold industry.

( Industry Median: -0.54 vs. AEM: 3.34 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
AEM' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -9.2  Med: 0.55 Max: 54.8
Current: 3.34
-9.2
54.8

More Statistics

Revenue(Mil) $1966
EPS $ 0.09
Beta-0.51
Short Percentage of Float2.29%
52-Week Range $21.00 - 34.89
Shares Outstanding(Mil)217.41

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue(Mil) 2,823 2,681 2,757 2,901
EPS($) 0.56 0.47 0.77 1.11
EPS without NRI($) 0.56 0.47 0.77 1.11

Business Description

Industry: Metals & Mining » Gold
Compare:EGO, ABX, GG, NMCEF, IAG » details
Traded in other countries:AEM.Canada, AEM.Switzerland, 0R2J.UK,
Agnico Eagle Mines Ltd wasformed by articles of amalgamation under the laws of the Province of Ontario on June 1, 1972, as a result of the amalgamation of Agnico Mines Limited (Agnico Mines) and Eagle Gold Mines Limited (Eagle). The Company is a gold mining company with mining operations in Canada, Mexico and Finland. It is an established Canadian-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company's operating history includes over three decades of continuous gold production, from underground operations. It explores for gold, as well as silver, copper, zinc, and lead. The Company's has three business units consisting of the Northern business unit, the Southern business unit, and the Exploration business unit. The Northern Business Unit includes LaRonde mine, Lapa mine, Goldex mine, Meadowbank mine, Meliadine project and Kittila mine. The Southern Business Unit includes Pinos Altos mine, Creston Mascota deposit at Pinos Altos and La India project. The Exploration unit includes United States Exploration office, Europe Exploration office, Canada Exploration offices and Latin America Exploration office.
» More Articles for NYSE:AEM

Headlines

Articles On GuruFocus.com
Is There a Golden Lining? Dec 07 2015 
Agnico Eagle Mines' Strong Portfolio Is a Catalyst Jun 06 2015 
Agnico Eagle Mines Can Deliver More Upside May 29 2015 
Van Den Berg Trades in Canadian Mining Stocks in First Quarter May 07 2015 
Agnico Eagle Mines: Consider This Gold Miner for Long-Term Gains May 01 2015 
Weekly 3-Year Low Highlights: VALE, AEM, COT, FRAN Nov 02 2014 
First Eagle Overseas Fund Second Quarter 2014 Commentary Jul 24 2014 
As Good As Gold? Jul 07 2014 
Arnold Van Den Berg's Century Management on Agnico-Eagle Mines Limited Mar 14 2014 
All That Glitters... Jan 20 2014 

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