Agnico Eagle MinesHAM:AE9 +1.71%98 Gross Margin % is 66.44% as of Mar. 2026, which is 96% above its 10-year median of 33.87. GuruFocus rates HAM:AE9 with a GF Score™ of 98/100 and a GF Value™ of €141.58 (Fairly Valued). The stock has 1 warning sign investors should review. Among 729 Metals & Mining companies, Agnico Eagle Mines ranks better than 86.56% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Agnico Eagle Mines had a gross margin of 66.44% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Agnico Eagle Mines Gross Margin % Related Terms
Agnico Eagle Mines Gross Margin % Historical Data
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The historical data trend for Agnico Eagle Mines's Gross Margin % 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.
HAM:AE9 vs NEM, AU, RGLD: Gross Margin % Comparison
For the Gold subindustry, Agnico Eagle Mines's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Agnico Eagle Mines's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Agnico Eagle Mines (HAM:AE9) has a Gross Margin % of 66.44% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Agnico Eagle Mines and its competitors. This is 96% above median its historical median of 33.87. Over the past decade, Agnico Eagle Mines' Gross Margin % has ranged from 21.77 to 61.76. According to the industry distribution chart, Agnico Eagle Mines ranks #98 out of 729 companies in the Metals & Mining industry, placing it in the top 13.4%.
Is Agnico Eagle Mines' Gross Margin % too high?
Agnico Eagle Mines' current Gross Margin % of 66.44% is 96% above median its 10-year median of 33.87. Over the past 10 years, this metric has ranged from a low of 21.77 to a high of 61.76. The Metals & Mining industry median Gross Margin % is 26.20. Agnico Eagle Mines' value of 66.44% is 153.6% above this industry median. Based on the distribution chart, Agnico Eagle Mines ranks #98 out of 729 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Agnico Eagle Mines has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Gross Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #98 out of 729 companies for Gross Margin %. This places Agnico Eagle Mines in the top 13% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.20. Agnico Eagle Mines' value of 66.44% is 153.6% above this benchmark. Historically, Agnico Eagle Mines' own Gross Margin % has ranged from 21.77 to 61.76 over the past decade. While the company's 10-year median is 33.87 vs. the industry median of 26.20, Agnico Eagle Mines has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.20, based on 729 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agnico Eagle Mines's current Gross Margin % of 66.44% is 153.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Agnico Eagle Mines and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agnico Eagle Mines's current Gross Margin % is 66.44%, which is 96% above median its own 10-year median of 33.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (HAM:AE9) is currently considered Fairly Valued. The stock's GF Value™ is €141.58, compared to a current price of €139.45 — trading 1.5% below its estimated fair value. The current Gross Margin % is 66.44%, which is 96% above median its 10-year median of 33.87 and 153.6% above the Metals & Mining industry median of 26.20. Agnico Eagle Mines' overall GF Score™ is 98/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Agnico Eagle Mines (HAM:AE9), the current Gross Margin % is 66.44% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Agnico Eagle Mines (HAM:AE9) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued.
The current stock price of €139.45 is trading 1.5% below its estimated GF Value™ of €141.58.
GuruFocus considers Agnico Eagle Mines to be Fairly Valued.
Key valuation signals for HAM:AE9:
Gross Margin %: 66.44% (96% above median its 10-year median of 33.87)
GF Value™: €141.58 vs. price of €139.45 (1.5% below fair value)
Industry Position: 153.6% above the Metals & Mining median (#98 of 729)
No single metric tells the full story. See the HAM:AE9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. 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.
98GF Score
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