Agnico Eagle MinesFRA:AE9 -4.48%97 Operating Margin % is 62.37% as of Mar. 2026, which is 146% above its 10-year median of 25.35. GuruFocus rates FRA:AE9 with a GF Score™ of 97/100 and a GF Value™ of €139.85 (Fairly Valued). The stock has 1 warning sign investors should review. Among 841 Metals & Mining companies, Agnico Eagle Mines ranks better than 96.2% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Agnico Eagle Mines Operating Margin % Related Terms
Agnico Eagle Mines Operating Margin % Historical Data
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The historical data trend for Agnico Eagle Mines's Operating 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.
FRA:AE9 vs NEM, AU, CDE: Operating Margin % Comparison
For the Gold subindustry, Agnico Eagle Mines's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Agnico Eagle Mines's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Agnico Eagle Mines's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Agnico Eagle Mines (FRA:AE9) has a Operating Margin % of 62.37% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Agnico Eagle Mines and its competitors. This is 146% above median its historical median of 25.35. Over the past decade, Agnico Eagle Mines' Operating Margin % has ranged from 8.80 to 56.89. According to the industry distribution chart, Agnico Eagle Mines ranks #32 out of 841 companies in the Metals & Mining industry, placing it in the top 3.8%.
Is Agnico Eagle Mines' Operating Margin % too high?
Agnico Eagle Mines' current Operating Margin % of 62.37% is 146% above median its 10-year median of 25.35. Over the past 10 years, this metric has ranged from a low of 8.80 to a high of 56.89. The Metals & Mining industry median Operating Margin % is 5.72. Agnico Eagle Mines' value of 62.37% is 990.4% above this industry median. Based on the distribution chart, Agnico Eagle Mines ranks #32 out of 841 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' Operating Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #32 out of 841 companies for Operating Margin %. This places Agnico Eagle Mines in the top 4% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.72. Agnico Eagle Mines' value of 62.37% is 990.4% above this benchmark. Historically, Agnico Eagle Mines' own Operating Margin % has ranged from 8.80 to 56.89 over the past decade. While the company's 10-year median is 25.35 vs. the industry median of 5.72, 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 Operating Margin % for a Metals & Mining company?
The median Operating Margin % among Metals & Mining companies is 5.72, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agnico Eagle Mines's current Operating Margin % of 62.37% is 990.4% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Agnico Eagle Mines and its competitors. For the Metals & Mining industry, the median Operating Margin % is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agnico Eagle Mines's current Operating Margin % is 62.37%, which is 146% above median its own 10-year median of 25.35. 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 (FRA:AE9) is currently considered Fairly Valued. The stock's GF Value™ is €139.85, compared to a current price of €134.20 — trading 4% below its estimated fair value. The current Operating Margin % is 62.37%, which is 146% above median its 10-year median of 25.35 and 990.4% above the Metals & Mining industry median of 5.72. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Agnico Eagle Mines (FRA:AE9), the current Operating Margin % is 62.37% 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 (FRA:AE9) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued.
The current stock price of €134.20 is trading 4% below its estimated GF Value™ of €139.85.
GuruFocus considers Agnico Eagle Mines to be Fairly Valued.
Key valuation signals for FRA:AE9:
Operating Margin %: 62.37% (146% above median its 10-year median of 25.35)
GF Value™: €139.85 vs. price of €134.20 (4% below fair value)
Industry Position: 990.4% above the Metals & Mining median (#32 of 841)
No single metric tells the full story. See the FRA: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.
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