Agnico Eagle Mines (HAM:AE9) Moat Score: 6/10 (As of Jul. 05, 2026)


HAM:AE9 Agnico Eagle Mines Ltd HAM:AE9
97 GF Score
Price €137.20
GF Value €140.89
Valuation Fairly Valued
! 1 Warning Sign
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What is Agnico Eagle Mines Moat Score?

Agnico Eagle Mines HAM:AE9 +3.39% 97 Moat Score is 6 as of Jul. 05, 2026. GuruFocus rates HAM:AE9 with a GF Score™ of 97/100 and a GF Value™ of €140.89 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,608 Metals & Mining companies, Agnico Eagle Mines ranks better than 99.73% on this metric.

Agnico Eagle Mines has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Agnico Eagle Mines has Narrow Moat: AEM benefits from significant regulatory barriers and exclusive mining licenses. It has strong economies of scale and a robust distribution network. However, the cyclical nature of the mining industry limits its pricing power and customer loyalty.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Agnico Eagle Mines might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Agnico Eagle Mines  (HAM:AE9) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Agnico Eagle Mines Moat Score Related Terms

HAM:AE9 vs NEM, AU, RGLD: Moat Score Comparison

For the Gold subindustry, Agnico Eagle Mines's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Moat Score distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's Moat Score falls into.


HAM:AE9
97GF Score
Agnico Eagle Mines Ltd HAM:AE9
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Agnico Eagle Mines (HAM:AE9) has a Moat Score of 6 as of Jul. 05, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Agnico Eagle Mines ranks #7 out of 2608 companies in the Metals & Mining industry, placing it in the top 0.3%.
Is Agnico Eagle Mines' Moat Score too high?
Agnico Eagle Mines' current Moat Score is 6. The Metals & Mining industry median Moat Score is 1.00. Agnico Eagle Mines' value of 6 is 500% above this industry median. Based on the distribution chart, Agnico Eagle Mines ranks #7 out of 2608 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 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #7 out of 2608 companies for Moat Score. This places Agnico Eagle Mines in the top 0% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Agnico Eagle Mines' value of 6 is 500% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,608 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agnico Eagle Mines's current Moat Score of 6 is 500% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agnico Eagle Mines's current Moat Score is 6. 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 €140.89, compared to a current price of €137.20 — trading 2.6% below its estimated fair value. The current Moat Score is 6 and 500% above the Metals & Mining industry median of 1.00. Agnico Eagle Mines' overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Agnico Eagle Mines (HAM:AE9), the current Moat Score is 6 as of Jul. 05, 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 €137.20 is trading 2.6% below its estimated GF Value™ of €140.89. GuruFocus considers Agnico Eagle Mines to be Fairly Valued.

Key valuation signals for HAM:AE9:

  • Moat Score: 6
  • GF Value™: €140.89 vs. price of €137.20 (2.6% below fair value)
  • GF Score™: 97/100 with 1 warning sign
  • Industry Position: 500% above the Metals & Mining median (#7 of 2608)

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 Mines Business Description

Address 145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
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.
97GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€137.20
Price
€140.89
GF Value