Agnico Eagle Mines (Agnico Eagle Mines) Price-to-Tangible-Book

: 2.04 (As of Today)

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As of today (2024-04-18), Agnico Eagle Mines's share price is $62.49. Agnico Eagle Mines's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $30.70. Hence, Agnico Eagle Mines's Price to Tangible Book Ratio of today is 2.04.

The historical rank and industry rank for Agnico Eagle Mines's Price-to-Tangible-Book or its related term are showing as below:

AEM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.59 Med: 2.31 Max: 3.22
Current: 2.09

During the past 13 years, Agnico Eagle Mines's highest Price to Tangible Book Ratio was 3.22. The lowest was 1.59. And the median was 2.31.

AEM's Price-to-Tangible-Book is ranked worse than
66.61% of 2234 companies
in the Metals & Mining industry
Industry Median: 1.335 vs AEM: 2.09

A closely related ratio is called PB Ratio. As of today, Agnico Eagle Mines's share price is $62.49. Agnico Eagle Mines's Book Value per Sharefor the quarter that ended in Dec. 2023 was $39.06. Hence, Agnico Eagle Mines's P/B Ratio of today is 1.60.

Agnico Eagle Mines Price-to-Tangible-Book Historical Data

The historical data trend for Agnico Eagle Mines's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Agnico Eagle Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

3.14

3.25

2.33

1.67

1.79

Agnico Eagle Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																1.67	1.57	1.61	1.47	1.79

Competitive Comparison

For the Gold subindustry, Agnico Eagle Mines's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Agnico Eagle Mines Price-to-Tangible-Book Distribution

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's Price-to-Tangible-Book falls into.

Agnico Eagle Mines Price-to-Tangible-Book Calculation

Agnico Eagle Mines's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	62.49	/	30.696
	=	2.04

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Agnico Eagle Mines Price-to-Tangible-Book Related Terms

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Agnico Eagle Mines (Agnico Eagle Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (NYSE:AEM) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AEM:Mexico AE9:Germany AE9:Germany AE9:Germany AEM:Canada AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.